Buford, Georgia Property Taxes
The median property tax rate in Buford, GA is 1.09%, slightly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Buford at $410,000, the typical annual property tax bill reaches $4,349, exceeding the national median of $2,690. Property taxes in Buford are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Buford'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 Buford 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
Buford, 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 Buford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buford 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 Buford, Georgia
Property taxes in Buford, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buford is 1.09%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Buford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buford 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 Buford's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 30519 has the highest median property tax rate of 1.09%, while the zip code 30518 has the lowest median tax rate of 1.09%. Understanding how these areas compare with Buford provides valuable insights into the varying tax landscape across Hall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buford Tax Rate
1.09%
Average Hall County Tax Rate
1.09%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buford, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30518 | 0.91% | 0.91% | 1.09% | 1.09% | 1.09% |
| 30519 | 0.91% | 1.09% | 1.09% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Buford, Georgia
In Buford, 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 Hall 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 Buford, 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 Buford stands at $410,000. Zip code 30519 has the highest median tax bill at $4,442, while zip code 30518 has the lowest at $4,085. 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 Buford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Buford Assessed Value
$410,000
Average Hall County Assessed Value
$259,200
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buford, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30518 | $191,060 | $273,850 | $409,925 | $535,825 | $728,900 |
| 30519 | $253,740 | $338,200 | $410,000 | $460,400 | $527,620 |
Source: Ownwell
Property Tax Bills Across Buford, Georgia
In Buford, GA, property tax bills are calculated based on the assessed value of a property, which is determined by the Hall County tax assessor. The assessed value is typically a percentage of the property's market value. Once the assessed value is established, the local tax rate, or millage rate, is applied to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, Buford homeowners in zip code 30519 see a median tax bill of $4,442, while those in zip code 30518 experience a slightly lower median tax bill of $4,085. These figures are influenced by the median home price in Buford, which stands at $410,000. Compared to the national median property tax rate of 0.99%, Buford's property tax bills can vary significantly. Homeowners in the 25th percentile pay around $3,207, while those in the 75th percentile face bills of approximately $5,084. This variability highlights the importance of understanding local property tax assessments and their impact on household finances.
Average Buford Tax Bill
$4,349
Average Hall County Tax Bill
$2,651
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Buford, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30518 | $1,981 | $2,841 | $4,085 | $5,208 | $7,192 |
| 30519 | $2,740 | $3,623 | $4,442 | $5,024 | $5,566 |
Source: Ownwell