Buchanan, Georgia Property Taxes
The median property tax rate in Buchanan, GA is 1.12%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $110,932 in Buchanan, the typical annual property tax bill amounts to $1,292, surpassing the national median of $2,690. Property taxes in Buchanan are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Buchanan'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 Buchanan or another part of Haralson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buchanan, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,242
$1,207
Ownwell’s Buchanan Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Buchanan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buchanan 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 Buchanan, Georgia
Property taxes in Buchanan, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buchanan is 1.12%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Buchanan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buchanan 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 Buchanan's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30113 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Buchanan provides valuable insights into the varying tax landscape across Haralson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buchanan Tax Rate
1.12%
Average Haralson County Tax Rate
1.12%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buchanan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30113 | 1.12% | 1.12% | 1.12% | 1.12% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Buchanan, Georgia
In Buchanan, 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 Haralson 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 Buchanan, 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 Buchanan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Buchanan is $1,292 in the 30113 zip code, while the lowest median tax bill is also $1,292 in the same zip code.
Average Buchanan Assessed Value
$110,932
Average Haralson County Assessed Value
$113,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buchanan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30113 | $28,025 | $55,916 | $110,932 | $187,544 | $291,841 |
Source: Ownwell
Property Tax Bills Across Buchanan, Georgia
In Buchanan, Haralson County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Buchanan can expect a range of property tax bills, with the 25th percentile at $632 and the 75th percentile reaching $2,120. The highest median tax bill in the area is $1,292, which is relatively lower compared to the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the property's location, size, and condition. Market fluctuations and local government budgets also play a role. These taxes are crucial for funding community services such as schools, public safety, and infrastructure. For homeowners, understanding how their property tax bill is calculated can help in financial planning and ensuring they are not overpaying. Regularly reviewing property assessments and appealing if necessary can lead to significant savings.
Average Buchanan Tax Bill
$1,292
Average Haralson County Tax Bill
$1,337
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Buchanan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30113 | $316 | $632 | $1,292 | $2,120 | $3,282 |
Source: Ownwell