Cave Spring, Floyd County, Georgia Property Taxes

Name: Property Tax Bills Across Cave Spring, Floyd County, Georgia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median CAVE SPRING, GA effective property tax rate: 0.98%, significantly lower than the national median of 1.02%, but lower than the Georgia state median of 1.08%. Median CAVE SPRING, GA home value: $148,626. Median annual CAVE SPRING, GA tax bill: $1,394, $1,006 lower than the national median property tax bill of $2,400.

How are property taxes in Floyd calculated? Property taxes in CAVE SPRING, GA 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 CAVE SPRING’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CAVE SPRING, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cave Spring, Floyd County, Georgia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$1,457

$1,352

Ownwell’s CAVE SPRING Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in CAVE SPRING with just two data points. By entering your property's estimated assessed value, our calculator applies CAVE SPRING’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Floyd County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cave Spring, Floyd County, Georgia

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare CAVE SPRING’s effective property tax rate to other cities in Georgia and the median property tax rates in Georgia and the U.S.

Property Tax Rates Across Cave Spring, Floyd County, Georgia

Source: Ownwell

0.88%

1.05%

1.22%

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 Cave Spring Tax Rate

0.98%

Median Effective Floyd County Tax Rate

1.19%

Median Effective Georgia Tax Rate

1.08%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cave Spring, Floyd County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
30124	0.29%	0.61%	0.98%	1.29%	1.46%

Source: Ownwell

Property Tax Assessment Values Across Cave Spring, Floyd County, Georgia

When examining property taxes in Cave Spring, GA, 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 Floyd County Board of Assessors 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 Floyd County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Cave Spring. For example, the median home price in Cave Spring is $148,626, with tax bills ranging significantly across the county. Zip code 30124 has the highest median home price at $148,626.

Property Tax Assessment Values Across Cave Spring, Floyd County, Georgia

Source: Ownwell

$112,732

$152,880

$193,027

Median Cave Spring Market Value

$148,626

Median Floyd County Market Value

$141,916

Median Georgia Market Value

$231,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cave Spring, Floyd County, Georgia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
30124	$54,060	$93,027	$148,626	$230,980	$348,064

Source: Ownwell

Property Tax Bills Across Cave Spring, Floyd County, Georgia

In Cave Spring, GA, within Floyd County, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is typically a percentage of the property's market value. Homeowners in Cave Spring face a median property tax bill of $1,394, which is below the national median of $2,400. This lower tax bill can be attributed to the area's relatively modest median home price of $148,626. However, property taxes can still represent a significant financial burden for homeowners, especially those with tax bills reaching the 90th percentile of $3,376. Factors such as location, property size, and improvements can influence the assessed value, impacting the final tax bill. Ownwell assists homeowners by providing property tax appeal services, potentially reducing their tax obligations. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only their fair share, offering a valuable opportunity for savings in a region where tax bills can vary widely.

Property Tax Bills Across Cave Spring, Floyd County, Georgia

Source: Ownwell

$1,040

$1,357

$1,673

Median Cave Spring Tax Bill

$1,394

Median Floyd County Tax Bill

$1,460

Median Georgia Tax Bill

$2,212

Median United States Tax Bill

$2,400

Property Tax Bills Across Cave Spring, Floyd County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
30124	$276	$713	$1,394	$2,252	$3,376

Source: Ownwell