Fairmount, Georgia Property Taxes
The median property tax rate in Fairmount, GA is 0.81%, notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $171,131 in Fairmount, the typical annual property tax bill amounts to $1,386, which is significantly below the national median of $2,690. Property taxes in Fairmount are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Fairmount's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Fairmount or another part of the city, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fairmount, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,386
$1,346
Ownwell’s Fairmount Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fairmount with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fairmount 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 Fairmount, Georgia
Property taxes in Fairmount, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fairmount is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Fairmount set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fairmount 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 Fairmount's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30139 within Fairmount has the highest median property tax rate of 0.81%, while the same zip code has the lowest median tax rate of 0.81%. Understanding how these cities compare with Fairmount provides valuable insights into the varying tax landscape across Pickens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fairmount Tax Rate
0.81%
Average Pickens County Tax Rate
0.81%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fairmount, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30139 | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Fairmount, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fairmount, 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 Pickens 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 Fairmount, 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 Fairmount helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 30139, with a median bill of $1,386, which is considerably higher than the national median property tax rate of 0.99%.
Average Fairmount Assessed Value
$171,131
Average Pickens County Assessed Value
$215,244
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fairmount, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30139 | $69,305 | $114,495 | $171,131 | $234,786 | $379,641 |
Source: Ownwell
Property Tax Bills Across Fairmount, Georgia
In Fairmount, located in Pickens County, GA, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the property's market value, determined by the local tax assessor. Homeowners in Fairmount generally see a median home price of $171,131. The property tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the local millage rate set by the county. For instance, the tax bill at the 25th percentile is around $927, while at the 75th percentile, it can reach $1,910. Homeowners in the 90th percentile may see tax bills as high as $3,088. When compared to the national median property tax rate of 0.99%, Fairmount's tax rates reflect a similar burden, impacting homeowners' annual financial planning and overall cost of living.
Average Fairmount Tax Bill
$1,386
Average Pickens County Tax Bill
$1,802
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Fairmount, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30139 | $546 | $927 | $1,386 | $1,910 | $3,088 |
Source: Ownwell