Bristol, Wayne County, Georgia Property Taxes
Median Bristol, Georgia effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, and lower than the Georgia state median of 1.00%.
Median Bristol, Georgia home value: $173,804
Median annual Bristol, Georgia tax bill: $1,471, $929 lower than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Bristol, Georgia are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Bristol's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bristol, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bristol, Wayne County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$1,599
$1,484
Property Tax Rates Across Bristol, Wayne County, Georgia
Local government entities determine tax rates, leading to significant variations within Georgia. Each year, counties estimate their required budget for public services and divide this by the total assessed value of all taxable properties in their area. This calculation establishes the property tax rate. While voting and legislation play roles in setting these rates and budgets, this is the essence of the annual process.
In Bristol, located in Wayne County, the effective property tax rate is notably lower than both the state and national medians. Georgia's median property tax rate stands at 0.92%, which is below the national median of 1.02%. This makes Georgia an attractive option for property owners seeking lower tax liabilities.
Comparing Bristol’s rate to other cities in Georgia highlights its competitive advantage in property tax savings. The lower tax rate in Wayne County could be a deciding factor for those considering property investments or relocations within the state. By choosing Bristol, property owners can benefit from reduced tax burdens, aligning with the broader trend of favorable property tax rates in Georgia.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bristol Tax Rate
0.92%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Wayne County Tax Rate
1.02%
Median Effective Georgia Tax Rate
1.00%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bristol, Wayne County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31518 | 0.38% | 0.46% | 0.92% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Bristol, Wayne County, Georgia
When examining property taxes in Bristol, Georgia, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Wayne County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Wayne County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the year. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bristol. For example, the median home price in Bristol is $173,804, with tax bills ranging significantly across the county. Zip code 31518 has the highest median home price at $173,804.
Property Tax Assessment Values Across Bristol, Wayne County, Georgia
Source: Ownwell
$92,874
$136,826
$180,778
Median Bristol Market Value
$173,804
Median Wayne County Market Value
$102,164
Median Georgia Market Value
$280,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bristol, Wayne County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31518 | $43,566 | $92,128 | $173,804 | $249,494 | $390,144 |
Source: Ownwell
Property Tax Bills Across Bristol, Wayne County, Georgia
In Bristol, located in Wayne County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area typically see tax bills with a median value of $1,471, which is below the national median property tax bill of $2,400. The tax rate applied to the assessed value determines the final tax bill. Factors such as local tax rates and exemptions can influence this calculation. Homeowners in Bristol may find their tax bills ranging from $793 at the 25th percentile to $2,434 at the 90th percentile, highlighting the variability based on property values and applicable exemptions.
Ownwell assists homeowners in navigating these complexities by offering property tax appeal and exemption services. By analyzing property assessments and identifying potential errors or opportunities for exemptions, Ownwell helps homeowners reduce their tax liabilities. This can lead to significant savings, ensuring that homeowners pay only what is necessary and fair for their property taxes.
Median Bristol Tax Bill
$1,471
Median Wayne County Tax Bill
$938
Median Georgia Tax Bill
$2,476
Median United States Tax Bill
$2,400
Property Tax Bills Across Bristol, Wayne County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31518 | $518 | $793 | $1,471 | $1,997 | $2,434 |
Source: Ownwell