Buford, Georgia Property Taxes
The median property tax rate in Buford, GA is 1.08%, aligning with the Georgia state median but higher than the national median of 0.99%. With a median home value of $419,000 in Buford, the typical annual property tax bill reaches $4,556, significantly exceeding the national median of $2,690. Property taxes in Buford are calculated based on the tax assessed value, which usually falls below the market value due to 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 substantial 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
$1,012
$1,148
Average Buford, Georgia Tax Savings
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 not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Buford. 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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buford is 1.08%, 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 30519 zip code has the highest median property tax rate of 1.12%, while the 30518 zip code has the lowest median tax rate of 0.92%. Understanding how these areas compare with Buford provides valuable insights into the varying tax landscape across Gwinnett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buford Tax Rate
1.08%
Average Gwinnett 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 | 0.21% | 0.43% | 0.92% | 1.21% | 1.50% |
| 30519 | 0.32% | 0.95% | 1.12% | 1.49% | 1.52% |
Source: Ownwell
$1,148
Average Buford Tax Savings
Save on your property taxes & more with 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 Gwinnett 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. 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. For instance, the highest median tax bill in the area is $4,885 in the 30519 zip code, while the lowest is $3,426 in the 30518 zip code.
Average Buford Assessed Value
$419,000
Average Gwinnett County Assessed Value
$373,300
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 | $215,900 | $300,600 | $408,800 | $512,300 | $641,700 |
| 30519 | $313,900 | $361,700 | $423,000 | $519,100 | $637,400 |
Source: Ownwell
$1,148
Average Buford Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Buford, Georgia
Property tax bills in Buford, Gwinnett County, GA, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, and various factors such as property improvements and market conditions can influence this value. Homeowners in Buford see a wide range of tax bills, with the 25th percentile at $2,354 and the 75th percentile at $6,048. The highest median tax bill in the area is $4,885 in the 30519 zip code, while the lowest is $3,426 in the 30518 zip code. These figures highlight the variability in property tax obligations within the region. Ownwell can help homeowners in Buford save on their property tax bills by providing expert property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it to similar properties, Ownwell identifies potential discrepancies and works to reduce your tax burden. This professional assistance can lead to significant savings, ensuring you only pay your fair share.
Average Buford Tax Bill
$4,556
Average Gwinnett County Tax Bill
$4,152
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 | $663 | $1,400 | $3,426 | $5,508 | $7,090 |
| 30519 | $1,347 | $3,372 | $4,885 | $6,238 | $7,755 |
Source: Ownwell
$1,148
Average Buford Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
Links | |
|---|---|
| Gwinnett Assessor's Office | |
| Phone | (770) 822-7200 |
| Website | gwinnettassessor.manatron.com |
| taxpayer.services@gwinnettcounty.com | |
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