Buckhead, Putnam County, Georgia Property Taxes
The median property tax rate in Buckhead, GA is 0.73%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Buckhead at $374,708, the typical annual property tax bill comes to $2,120, falling short of the national median of $2,690. Property taxes in Buckhead are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Buckhead's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can result in significant annual savings. Whether you're in the heart of Buckhead or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buckhead, Putnam County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$2,735
$2,538
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, Putnam County, Georgia
Property taxes in Buckhead, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buckhead is 0.73%, lower than both the Georgia state median of 0.92% 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 30625 zip code has both the highest and lowest median property tax rate of 0.73%. Understanding how these cities compare with Buckhead provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buckhead Tax Rate
0.73%
Average Putnam County Tax Rate
0.75%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buckhead, Putnam County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30625 | 0.23% | 0.38% | 0.73% | 0.80% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Buckhead, Putnam County, 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 Putnam 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. The median home price in Buckhead is $374,708, with tax bills ranging from $947 at the 25th percentile to $3,914 at the 75th percentile, and up to $5,356 at the 90th percentile. 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 Buckhead, Putnam County, Georgia
Source: Ownwell
$102,420
$238,564
$374,708
Average Buckhead Assessed Value
$374,708
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 Buckhead, Putnam County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30625 | $107,409 | $216,795 | $374,708 | $583,412 | $723,367 |
Source: Ownwell
Property Tax Bills Across Buckhead, Putnam County, Georgia
In Buckhead, located in Putnam County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Buckhead is $374,708. Homeowners' tax bills can vary significantly, with the 25th percentile paying around $947 annually, while those in the 75th percentile face bills of approximately $3,914. The 90th percentile sees even higher tax bills, reaching up to $5,356. Several factors contribute to these variations, including property location, home size, and local tax rates. The assessed value is multiplied by the local millage rate to determine the tax bill. This system ensures that homeowners with higher-valued properties contribute more in taxes, which fund essential community services such as schools, roads, and emergency services. Compared to the national median property tax rate of 0.99%, Buckhead's rates can be considered moderate, providing a balanced approach to funding local infrastructure while maintaining affordability for residents.
Average Buckhead Tax Bill
$2,120
Average Putnam County Tax Bill
$1,336
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Buckhead, Putnam County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30625 | $488 | $947 | $2,120 | $3,914 | $5,356 |
Source: Ownwell