Baconton, Georgia Property Taxes
The median property tax rate in Baconton, GA is 1.39%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Baconton at $62,110, the typical annual property tax bill reaches $933, which is below the national median of $2,690. Property taxes in Baconton 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 Baconton'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 Baconton 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
Baconton, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Baconton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Baconton using just two key data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Baconton to provide an estimated property tax bill. This valuable tool helps you gauge potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available further down the page. Your property’s assessed value, determined by Mitchell County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Baconton, Georgia
Property taxes in Baconton, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baconton is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Baconton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baconton 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 Baconton's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31716 zip code has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Baconton provides valuable insights into the varying tax landscape across Mitchell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baconton Tax Rate
1.39%
Average Mitchell County Tax Rate
1.39%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baconton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31716 | 1.39% | 1.39% | 1.39% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Baconton, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Baconton, 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 Mitchell 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 Baconton, 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. The median home price in Baconton is $62,110, with property tax bills ranging from $509 at the 25th percentile to $2,881 at the 90th percentile. The zip code with the highest and lowest median tax bill is 31716, with a median tax bill of $933. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, and apply for exemptions to effectively manage the tax burden.
Average Baconton Assessed Value
$62,110
Average Mitchell County Assessed Value
$70,760
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baconton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31716 | $19,824 | $33,735 | $62,110 | $113,900 | $201,476 |
Source: Ownwell
Property Tax Bills Across Baconton, Georgia
Property tax bills in Baconton, located in Mitchell County, GA, are determined by assessing the value of a property and then applying the local tax rate to that assessed value. The tax rate is set by local government authorities and can vary annually. Factors such as property size, location, and improvements can influence the assessed value, which in turn impacts the final tax bill. For homeowners in Baconton, the median home price stands at $62,110. The tax bills can vary significantly, with the 25th percentile at $509 and the 75th percentile reaching $1,798, indicating a range of property values and tax burdens within the community. At the higher end, the 90th percentile tax bill is $2,881. The highest and lowest median tax bills in the area are both recorded at $933 in the zip code 31716, suggesting some consistency in tax assessments within that region. Compared to the national median property tax rate of 0.99%, Baconton's rates reflect local economic and property value conditions, directly affecting homeowners' annual financial responsibilities.
Average Baconton Tax Bill
$933
Average Mitchell County Tax Bill
$1,122
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Baconton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31716 | $289 | $509 | $933 | $1,798 | $2,881 |
Source: Ownwell