Barnesville, Georgia Property Taxes
The median property tax rate in Barnesville, GA is 1.12%, slightly 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 $75,425, the typical annual property tax bill amounts to $598, which is lower than the national median of $2,690. Property taxes in Barnesville are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural land. 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 Monroe County, 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
1.12%
Estimate Property Tax Bill
$845
$784
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 Monroe County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Barnesville, Georgia
Property taxes in Barnesville, Georgia, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Barnesville is 1.12%, which is significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Barnesville set these rates annually, and they can vary significantly 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 zip code 30204 has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. 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
1.12%
Average Monroe County Tax Rate
0.97%
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 | 0.25% | 0.57% | 1.12% | 1.13% | 2.71% |
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 local appraisal authorities 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 median home price in Barnesville is $75,425, with tax bills ranging from $330 at the 25th percentile to $1,756 at the 90th percentile. The zip code 30204 has both the highest and lowest median tax bill at $598.
Average Barnesville Assessed Value
$75,425
Average Monroe County Assessed Value
$140,730
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 | $10,200 | $47,898 | $75,425 | $132,150 | $183,840 |
Source: Ownwell
Property Tax Bills Across Barnesville, Georgia
In Barnesville, located in Monroe County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, if the median home price is $75,425, the assessed value is determined by applying the county's assessment ratio. Homeowners in Barnesville experience property tax bills that vary significantly, with the 25th percentile at $330 and the 75th percentile reaching $1,008. At the higher end, the 90th percentile sees tax bills as high as $1,756. These tax bills are influenced by various factors, including property location, local tax rates, and any applicable exemptions. For example, the highest median tax bill in the area is $598, specifically in the 30204 zip code. Homeowners must stay informed about these factors as they directly impact the annual financial obligations tied to property ownership. Understanding these elements helps in budgeting and financial planning, ensuring homeowners are prepared for their property tax responsibilities.
Average Barnesville Tax Bill
$598
Average Monroe County Tax Bill
$933
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 | $157 | $330 | $598 | $1,008 | $1,756 |
Source: Ownwell