Putnam County, Georgia Property Taxes
The median property tax rate in Putnam County is 0.75%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $222,449 in Putnam County, the typical annual property tax bill is $1,336, significantly below the national median of $2,690. Property taxes in Putnam County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Putnam County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Eatonton or another part of Putnam County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Putnam County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$1,668
$1,548
Ownwell’s Putnam County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Putnam County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Putnam County to estimate your property tax bill. This insightful tool 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 Putnam County, Georgia
Property taxes in Putnam County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Putnam County is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Putnam County set these rates annually, and they can vary significantly between different areas within the county. Each year, Putnam 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. The following data compares Putnam County's effective property tax rate with other counties in Georgia and the national median. For comparison, the city of Madison has one of the higher property tax rates in Georgia at 0.83%, while the city of Hillsboro boasts one of the lowest at 0.45%. Analyzing how Putnam County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Putnam County Tax Rate
0.75%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Putnam County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buckhead | 0.23% | 0.38% | 0.73% | 0.80% | 0.90% |
| Eatonton | 0.20% | 0.45% | 0.75% | 0.86% | 1.11% |
| Hillsboro | N/A | N/A | N/A | N/A | N/A |
| Madison | 0.62% | 0.80% | 0.83% | 0.96% | 1.00% |
| Milledgeville | 0.27% | 0.44% | 0.75% | 0.83% | 0.89% |
| Monticello | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Putnam County, Georgia
In Putnam 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 Putnam 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 Putnam 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 Putnam County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Putnam County, the highest median tax bill is in Buckhead at $2,120, while the lowest is in Hillsboro at $458.
Average Putnam County Assessed Value
$222,449
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Putnam County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buckhead | $107,409 | $216,795 | $374,708 | $583,412 | $723,367 |
| Eatonton | $43,541 | $86,527 | $213,296 | $411,109 | $683,486 |
| Hillsboro | N/A | N/A | N/A | N/A | N/A |
| Madison | $50,294 | $54,959 | $102,420 | $180,704 | $382,541 |
| Milledgeville | $183,523 | $225,546 | $288,386 | $406,547 | $564,642 |
| Monticello | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Putnam County, Georgia
In Putnam County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically represents a percentage of the property's market value. Homeowners in Putnam County can expect their tax bills to vary significantly, influenced by factors such as property location, size, and market conditions. For instance, in Putnam County, the median home price is $222,449. Tax bills in this county range widely, with the 25th percentile of homeowners paying around $502, while those in the 75th percentile face bills of up to $2,816. The highest tax bills, found in the 90th percentile, can reach $4,896. The city of Buckhead within Putnam County has the highest median tax bill at $2,120, whereas Hillsboro has the lowest at $458. These variations reflect differences in property values and local tax rates. Understanding these factors is crucial for homeowners to anticipate their annual property tax responsibilities and manage their budgets effectively.
Average Putnam County Tax Bill
$1,336
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Putnam County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Buckhead | $488 | $947 | $2,120 | $3,914 | $5,356 |
| Eatonton | $158 | $487 | $1,272 | $2,801 | $4,901 |
| Hillsboro | N/A | N/A | N/A | N/A | N/A |
| Madison | $130 | $491 | $965 | $1,859 | $2,379 |
| Milledgeville | $635 | $1,241 | $2,005 | $2,809 | $4,137 |
| Monticello | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell