Newnan, Heard County, Georgia Property Taxes
The median property tax rate in Newnan, GA is 0.82%, lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Newnan at $263,482, the typical annual property tax bill comes to $2,130, which is below the national median of $2,690. Property taxes in Newnan are calculated based on the tax assessed value, often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Newnan'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 Newnan or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newnan, Heard County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$2,161
$2,005
Ownwell’s Newnan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newnan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newnan 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Newnan, Heard County, Georgia
Property taxes in Newnan, Georgia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Newnan is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Newnan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newnan 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 Newnan's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30263 zip code in Newnan has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Newnan provides valuable insights into the varying tax landscape across Heard County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newnan Tax Rate
0.82%
Average Heard County Tax Rate
0.83%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newnan, Heard County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30263 | 0.63% | 0.79% | 0.82% | 0.83% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Newnan, Heard County, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Newnan, Georgia. 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 Heard 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 Newnan, 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 Newnan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Newnan is $2,130 in the 30263 zip code, while the lowest median tax bill is also $2,130 in the same zip code.
Property Tax Assessment Values Across Newnan, Heard County, Georgia
Source: Ownwell
$107,998
$185,740
$263,482
Average Newnan Assessed Value
$263,482
Average Heard County Assessed Value
$110,648
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newnan, Heard County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30263 | $6,030 | $67,964 | $263,482 | $305,637 | $434,793 |
Source: Ownwell
Property Tax Bills Across Newnan, Heard County, Georgia
In Newnan, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The property tax rate in Newnan is influenced by the county's tax rate and any additional municipal rates. For example, in Heard County, where Newnan is located, the median home price is $263,482. Tax bills can range significantly, with the 25th percentile at $505 and the 75th percentile at $2,510. The 90th percentile tax bill can reach up to $3,252. Homeowners in Newnan should be aware that their property tax bill is determined by multiplying the assessed value of their property by the local tax rate. This means that fluctuations in the real estate market or changes in local tax rates can significantly impact their annual tax obligations. Compared to the national median property tax rate of 0.99%, Newnan's property taxes can be relatively moderate or high, depending on individual property assessments and local tax policies.
Average Newnan Tax Bill
$2,130
Average Heard County Tax Bill
$808
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Newnan, Heard County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30263 | $137 | $505 | $2,130 | $2,510 | $3,252 |
Source: Ownwell