Buckhead, Georgia Property Taxes
The median property tax rate in Buckhead, GA is 0.98%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Buckhead at $276,072, the typical annual property tax bill reaches $2,691, just above the national median of $2,690. Property taxes in Buckhead are calculated based on the assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Buckhead'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 Buckhead 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
Buckhead, 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 Buckhead Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buckhead with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buckhead 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 Buckhead, Georgia
Property taxes in Buckhead, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buckhead is 0.92%, which is lower than the Georgia state median of 0.95% and the U.S. national median of 0.99%. Local government entities within Buckhead set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buckhead 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 Buckhead's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30625 has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Buckhead provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buckhead Tax Rate
0.98%
Average Morgan County Tax Rate
0.98%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buckhead, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30625 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Buckhead, Georgia
In Buckhead, 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 Morgan 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 Buckhead, 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 Buckhead helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Buckhead is $2,691 in the 30625 zip code. The lowest median tax bill is also $2,691 in the same zip code.
Average Buckhead Assessed Value
$276,072
Average Morgan County Assessed Value
$223,250
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buckhead, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30625 | $80,328 | $157,139 | $276,072 | $411,510 | $554,362 |
Source: Ownwell
Property Tax Bills Across Buckhead, Georgia
In Buckhead, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the home's market value. This value is then multiplied by the local property tax rate to determine the tax bill. For instance, the median home price in Buckhead is $276,072. Homeowners in Buckhead can expect a wide range of property tax bills. The 25th percentile tax bill is approximately $1,561, while the 75th percentile reaches around $4,007. At the 90th percentile, homeowners might see tax bills as high as $5,394. These variations depend on factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Buckhead's property tax rates reflect the unique economic and real estate conditions of the area. Understanding these factors helps homeowners anticipate their financial obligations and better manage their property investments.
Average Buckhead Tax Bill
$2,691
Average Morgan County Tax Bill
$2,264
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Buckhead, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30625 | $804 | $1,561 | $2,691 | $4,007 | $5,394 |
Source: Ownwell