Cave Spring, Polk County, Georgia Property Taxes
Median Cave Spring, GA effective property tax rate: 0.96%, 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: $154,722. Median annual Cave Spring, GA tax bill: $1,488, $912 lower than the national median property tax bill of $2,400.
How are property taxes in Polk County 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, Polk County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.96%
Estimate Property Tax Bill
$1,485
$1,378
Property Tax Rates Across Cave Spring, Polk County, Georgia
Local government entities set tax rates, which can vary widely within a state. 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. CAVE SPRING, located in Polk County, has a median property tax rate of 0.96%. This is slightly below the national median property tax rate of 1.02%. The consistency of the tax rate across the region is notable, as both the highest and lowest median tax rates in the area are also 0.96%. This uniformity can be advantageous for property owners, providing predictability in tax expenses. When comparing with the national median property tax bill of $2,400, property owners in CAVE SPRING may find their tax obligations to be relatively moderate, offering potential savings and financial relief.
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
0.96%
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 Polk County Tax Rate
0.96%
Median Effective Georgia Tax Rate
1.08%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cave Spring, Polk County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30124 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Cave Spring, Polk 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 Polk County appraisal district 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 Polk 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 $154,722, with tax bills ranging significantly across the county. Zip code 30124 has the highest median home price at $154,722.
Property Tax Assessment Values Across Cave Spring, Polk County, Georgia
Source: Ownwell
$80,515
$127,673
$174,830
Median Cave Spring Market Value
$154,722
Median Polk County Market Value
$96,778
Median Georgia Market Value
$231,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cave Spring, Polk County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30124 | $36,691 | $51,729 | $154,722 | $198,115 | $242,692 |
Source: Ownwell
Property Tax Bills Across Cave Spring, Polk County, Georgia
Median Cave Spring Tax Bill
$1,488
Median Polk County Tax Bill
$1,041
Median Georgia Tax Bill
$2,212
Median United States Tax Bill
$2,400
Property Tax Bills Across Cave Spring, Polk County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30124 | $353 | $497 | $1,488 | $1,905 | $2,334 |
Source: Ownwell