Barnesville, Georgia Property Taxes
The median property tax rate in Barnesville, GA is 1.27%, notably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Barnesville at $134,361, the typical annual property tax bill reaches $1,784, which is below the national median of $2,690. Property taxes in Barnesville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Barnesville'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 Barnesville 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
Barnesville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,706
$1,583
Ownwell’s Barnesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barnesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barnesville 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 Barnesville, Georgia
Property taxes in Barnesville, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barnesville is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Barnesville set these rates annually, and they can vary across different neighborhoods. Each year, Barnesville 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 Barnesville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30204 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Barnesville provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barnesville Tax Rate
1.27%
Average Lamar County Tax Rate
1.27%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barnesville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30204 | 1.27% | 1.27% | 1.27% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Barnesville, Georgia
In Barnesville, 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 Lamar 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 Barnesville, 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 Barnesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 30204 has the highest median tax bill at $1,784 and the lowest median tax bill at $1,784, reflecting the uniformity in tax assessments within the area.
Average Barnesville Assessed Value
$134,361
Average Lamar County Assessed Value
$156,221
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barnesville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30204 | $25,537 | $68,261 | $134,361 | $224,880 | $321,837 |
Source: Ownwell
Property Tax Bills Across Barnesville, Georgia
In Barnesville, located in Lamar County, GA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by local tax assessors. For homeowners in Barnesville, the median home price is $134,361. Property tax rates in this area are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Barnesville, tax bills can vary significantly. For instance, the 25th percentile tax bill is around $922, while the 75th percentile reaches $2,880, and the 90th percentile can go up to $4,110. The highest median tax bill recorded in ZIP code 30204 is $1,784. Compared to the national median property tax rate of 0.99%, Barnesville's tax rates can have a varied impact on homeowners. Understanding these factors and how they affect your property tax bill can help you better manage your finances and plan for future expenses.
Average Barnesville Tax Bill
$1,784
Average Lamar County Tax Bill
$2,035
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Barnesville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30204 | $334 | $922 | $1,784 | $2,880 | $4,110 |
Source: Ownwell