Carnesville, Franklin County, Georgia Property Taxes
The median property tax rate in Carnesville, GA is 1.00%, just slightly above the national median of 0.99% but lower than the Georgia state median of 1.08%. With the median home value in Carnesville at $149,224, the typical annual property tax bill amounts to $1,296, which is below the national median of $2,690. Property taxes in Carnesville are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Navigating Carnesville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Carnesville or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carnesville, Franklin County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,492
$1,385
Ownwell’s Carnesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carnesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carnesville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Franklin County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Carnesville, Franklin County, Georgia
Property taxes in Carnesville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carnesville is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Carnesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carnesville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Carnesville's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30521 has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Carnesville provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carnesville Tax Rate
1.00%
Average Franklin County Tax Rate
1.03%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carnesville, Franklin County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30521 | 0.47% | 0.74% | 1.00% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Carnesville, Franklin County, Georgia
In Carnesville, Georgia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Franklin County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Carnesville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Carnesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 30521, with a median bill of $1,296.
Property Tax Assessment Values Across Carnesville, Franklin County, Georgia
Source: Ownwell
$97,612
$132,215
$166,817
Average Carnesville Assessed Value
$149,224
Average Franklin County Assessed Value
$136,560
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carnesville, Franklin County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30521 | $31,940 | $73,888 | $149,224 | $237,884 | $369,818 |
Source: Ownwell
Property Tax Bills Across Carnesville, Franklin County, Georgia
In Carnesville, located in Franklin County, GA, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. Homeowners in this region experience a range of tax bills depending on various factors, including property value and applicable exemptions. For instance, the median home price in Carnesville is $149,224. Property tax bills can vary significantly, with the 25th percentile tax bill being around $559, while the 75th percentile reaches $2,048, and the 90th percentile climbs to $2,950. The highest median tax bill in the area is $1,296, found in the 30521 zip code. These figures show that property taxes in Carnesville can impact homeowners differently based on their property’s assessed value and the tax rate applied. Compared to the national median property tax rate of 0.99%, Carnesville's property tax bills reflect the local economic conditions and property values, influencing how much homeowners ultimately pay each year.
Average Carnesville Tax Bill
$1,296
Average Franklin County Tax Bill
$1,238
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Carnesville, Franklin County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30521 | $253 | $559 | $1,296 | $2,048 | $2,950 |
Source: Ownwell