Bronwood, Georgia Property Taxes
The median property tax rate in Bronwood, GA is 1.24%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Bronwood, the typical annual property tax bill reaches $599, which is notably lower than the national median of $2,690. Property taxes in Bronwood 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 Bronwood'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 Bronwood or another part of Terrell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bronwood, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$652
$633
Ownwell’s Bronwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bronwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bronwood 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 Bronwood, Georgia
Property taxes in Bronwood, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bronwood is 1.24%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Bronwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bronwood 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 Bronwood's effective property tax rate to other counties in Georgia and the national median. For comparison, the 39826 zip code has the highest median property tax rate of 1.24%, while the lowest median tax rate is also 1.24% in the same zip code. Understanding how these cities compare with Bronwood provides valuable insights into the varying tax landscape across Terrell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bronwood Tax Rate
1.24%
Average Terrell County Tax Rate
1.24%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bronwood, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39826 | 0.88% | 1.14% | 1.24% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Bronwood, Georgia
In Bronwood, 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 Terrell 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 Bronwood, 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 Bronwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bronwood is $599 in the 39826 zip code, while the lowest median tax bill is also $599 in the same zip code.
Average Bronwood Assessed Value
$52,590
Average Terrell County Assessed Value
$67,472
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bronwood, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39826 | $11,500 | $24,220 | $52,590 | $89,420 | $173,422 |
Source: Ownwell
Property Tax Bills Across Bronwood, Georgia
Property tax bills in Bronwood, located in Terrell County, GA, are calculated by assessing the market value of a property and then applying the local tax rate. The assessed value is typically a percentage of the market value, which is then multiplied by the tax rate to determine the annual tax bill. In Bronwood, the median home price is $52,590. Homeowners can expect their tax bills to vary significantly based on the value of their property and the specific tax rate applied. For instance, tax bills range from the 25th percentile at $258 to the 90th percentile at $1,834 annually. The highest median tax bill in the area is $599, which is considerably lower than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Bronwood Tax Bill
$599
Average Terrell County Tax Bill
$779
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Bronwood, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39826 | $139 | $258 | $599 | $1,042 | $1,834 |
Source: Ownwell