Bowman, Madison County, Georgia Property Taxes
The median property tax rate in Bowman, GA is 1.22%, which is considerably higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Bowman at $183,625, the typical annual property tax bill reaches $2,511, slightly below the national median of $2,690. Property taxes in Bowman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bowman'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 Bowman 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
Bowman, Madison County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,240
$2,079
Ownwell’s Bowman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bowman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bowman 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 Bowman, Madison County, Georgia
Property taxes in Bowman, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowman is 1.22%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Bowman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowman 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 Bowman's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30624 zip code has the highest median property tax rate of 1.22%, while the 30624 zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Bowman provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowman Tax Rate
1.22%
Average Madison County Tax Rate
1.22%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowman, Madison County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30624 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Bowman, Madison County, Georgia
In Bowman, 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 local 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 Bowman, 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 Bowman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 30624 has the highest median tax bill at $2,511, highlighting the importance of staying informed about property tax details.
Property Tax Assessment Values Across Bowman, Madison County, Georgia
Source: Ownwell
$104,107
$193,329
$282,550
Average Bowman Assessed Value
$183,625
Average Madison County Assessed Value
$186,937
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowman, Madison County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30624 | $32,161 | $88,181 | $183,625 | $350,574 | $492,833 |
Source: Ownwell
Property Tax Bills Across Bowman, Madison County, Georgia
In Bowman, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. For homeowners in Bowman, the median home price is $183,625. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence this calculation, including property size, location, and any applicable exemptions. For example, the 25th percentile tax bill in Bowman is $1,122, while the 75th percentile tax bill is $4,388, and the 90th percentile tax bill reaches $6,223. These figures illustrate the range of tax obligations homeowners might face depending on their property’s assessed value. The highest median tax bill in the area is $2,511, found in zip code 30624, which is notably higher than the national median property tax rate of 0.99%. Homeowners should be aware that these property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting community quality and property values.
Average Bowman Tax Bill
$2,511
Average Madison County Tax Bill
$2,406
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowman, Madison County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30624 | $703 | $1,122 | $2,511 | $4,388 | $6,223 |
Source: Ownwell