Buena Vista, Georgia Property Taxes
The median property tax rate in Buena Vista, GA is 0.95%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $84,640 in Buena Vista, the typical annual property tax bill amounts to $866, which is significantly lower than the national median of $2,690. Property taxes in Buena Vista are calculated based on the assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Buena Vista'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 Buena Vista or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buena Vista, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$804
$781
Ownwell’s Buena Vista Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buena Vista with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buena Vista 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 Buena Vista, Georgia
Property taxes in Buena Vista, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buena Vista is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Buena Vista set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buena Vista 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 Buena Vista's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31803 has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Buena Vista provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buena Vista Tax Rate
0.95%
Average Marion County Tax Rate
0.94%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buena Vista, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31803 | 0.69% | 0.86% | 0.95% | 0.95% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Buena Vista, Georgia
In Buena Vista, 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 Marion 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 Buena Vista, 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 Buena Vista helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Buena Vista are both $866, found in zip code 31803.
Average Buena Vista Assessed Value
$84,640
Average Marion County Assessed Value
$76,006
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buena Vista, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31803 | $24,959 | $43,794 | $84,640 | $150,577 | $235,877 |
Source: Ownwell
Property Tax Bills Across Buena Vista, Georgia
In Buena Vista, GA, located in Marion County, 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, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. For instance, a home with a median price of $84,640 could see tax bills varying significantly. Homeowners in the 25th percentile pay around $431, while those in the 75th percentile face bills up to $1,450. The 90th percentile of tax bills can reach as high as $2,292, indicating a substantial range based on property value and other local factors. These factors include the property's location within the county, any applicable exemptions, and the overall budget needs of the local government. Compared to the national median property tax rate of 0.99%, Buena Vista's property tax rates can impact homeowners differently, making it essential for property owners to understand how their tax bills are determined and what steps they can take to potentially reduce their burden.
Average Buena Vista Tax Bill
$866
Average Marion County Tax Bill
$727
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Buena Vista, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31803 | $220 | $431 | $866 | $1,450 | $2,292 |
Source: Ownwell