Silver Creek, Polk County, Georgia Property Taxes
The median property tax rate in Silver Creek, GA is 0.96%, slightly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Silver Creek, the typical annual property tax bill reaches $745, significantly below the national median of $2,690. Property taxes in Silver Creek are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Silver Creek'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 Silver Creek 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
Silver Creek, Polk County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$773
$717
Ownwell’s Silver Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Silver Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Silver Creek 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 Silver Creek, Polk County, Georgia
Property taxes in Silver Creek, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Silver Creek is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Silver Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Silver Creek 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 Silver Creek's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30173 within Silver Creek has a median property tax rate of 0.96%. Understanding how these areas compare with Silver Creek provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Silver Creek Tax Rate
0.96%
Average Polk County Tax Rate
0.96%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Silver Creek, Polk County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30173 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Silver Creek, Polk County, Georgia
In Silver Creek, 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 Polk 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 Silver Creek, 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. The median home price in Silver Creek is $80,515, with tax bills ranging from $443 at the 25th percentile to $1,751 at the 90th percentile. The zip code with the highest and lowest median tax bill is 30173, with a median tax bill of $745. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Silver Creek, Polk County, Georgia
Source: Ownwell
$80,515
$127,673
$174,830
Average Silver Creek Assessed Value
$80,515
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 Silver Creek, Polk County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30173 | $24,520 | $46,805 | $80,515 | $135,955 | $190,136 |
Source: Ownwell
Property Tax Bills Across Silver Creek, Polk County, Georgia
In Silver Creek, Polk County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Silver Creek can expect their property taxes to be influenced by local tax rates and the assessed value determined by county assessors. The median home price in Silver Creek is $80,515, and the property tax rate is a crucial factor in determining the final bill. Homeowners in the 25th percentile pay around $443 in property taxes, while those in the 75th percentile face bills closer to $1,255. For the top 10% of property values, taxes can reach up to $1,751. These figures highlight the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Silver Creek's tax bills reflect the local economic conditions and property values. Understanding how these factors interact helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Silver Creek Tax Bill
$745
Average Polk County Tax Bill
$1,041
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Silver Creek, Polk County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30173 | $236 | $443 | $745 | $1,255 | $1,751 |
Source: Ownwell