Polk County, Georgia Property Taxes
The median property tax rate in Polk County is 0.96%, which is slightly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $96,778, the typical annual property tax bill in Polk County is around $1,041, significantly below the national median of $2,690. Property taxes in Polk County are based on the tax assessed value, often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Polk County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Cedartown or another part of Polk County, having a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Polk County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$929
$862
Ownwell’s Polk County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Polk County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Polk County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Polk County, Georgia
Property taxes in Polk County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Polk County is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Polk County set these rates annually, and they can vary significantly between different areas within the county. Each year, Polk County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Aragon has one of the higher property tax rates in Georgia at 0.96%, while the city of Silver Creek boasts one of the lowest at 0.96%. Analyzing how Polk County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Polk County Tax Rate
0.96%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Polk County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aragon | 0.96% | 0.96% | 0.96% | 1.30% | 1.30% |
| Buchanan | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Cave Spring | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Cedartown | 0.96% | 0.96% | 0.96% | 1.40% | 1.40% |
| Lindale | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Rockmart | 0.96% | 0.96% | 0.96% | 1.30% | 1.30% |
| Silver Creek | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
| Taylorsville | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Polk County, Georgia
In Polk County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Polk County Appraisal District. The assessed value, however, 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. Assessment notices in Polk County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Polk County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Polk County, the highest median tax bill is found in Taylorsville at $1,659, while Silver Creek has the lowest median tax bill at $745. By understanding these differences, you can better anticipate your tax obligations and explore ways to potentially reduce your property tax bill.
Average Polk County Assessed Value
$96,778
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Polk County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aragon | $33,164 | $55,536 | $88,961 | $138,872 | $193,634 |
| Buchanan | $25,634 | $48,813 | $99,326 | $147,412 | $221,605 |
| Cave Spring | $36,691 | $51,729 | $154,722 | $198,115 | $242,692 |
| Cedartown | $29,606 | $51,978 | $92,211 | $148,468 | $220,158 |
| Lindale | $66,321 | $119,818 | $141,320 | $181,649 | $211,923 |
| Rockmart | $34,263 | $61,574 | $109,079 | $165,652 | $225,370 |
| Silver Creek | $24,520 | $46,805 | $80,515 | $135,955 | $190,136 |
| Taylorsville | $62,240 | $113,058 | $174,830 | $258,193 | $364,457 |
Source: Ownwell
Property Tax Bills Across Polk County, Georgia
In Polk County, GA, property tax bills are determined based on the assessed value of a home, which is typically a percentage of the market value. Homeowners in this county experience a range of tax bills, influenced by factors such as property location, home size, and market conditions. The median home price in Polk County stands at $96,778, and property tax bills can vary significantly within the area. For instance, the 25th percentile tax bill is around $610, while the 75th percentile reaches $1,665, and the 90th percentile can go up to $2,342. Compared to the national median property tax rate of 0.99%, Polk County's tax rates can present both higher and lower extremes. In Taylorsville, the highest median tax bill is $1,659, whereas Silver Creek has the lowest at $745. These variations underscore the importance of understanding local property tax policies, as they directly impact homeowners' annual expenses and can influence decisions related to buying or selling property in the county.
Average Polk County Tax Bill
$1,041
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Polk County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aragon | $350 | $604 | $921 | $1,504 | $2,069 |
| Buchanan | $247 | $469 | $955 | $1,410 | $2,119 |
| Cave Spring | $353 | $497 | $1,488 | $1,905 | $2,334 |
| Cedartown | $345 | $579 | $1,021 | $1,590 | $2,290 |
| Lindale | $638 | $1,152 | $1,359 | $1,747 | $2,038 |
| Rockmart | $358 | $671 | $1,111 | $1,847 | $2,433 |
| Silver Creek | $236 | $443 | $745 | $1,255 | $1,751 |
| Taylorsville | $598 | $1,087 | $1,659 | $2,438 | $3,347 |
Source: Ownwell