Eatonton, Georgia Property Taxes
The median property tax rate in Eatonton, GA is 0.75%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $213,296 in Eatonton, the typical annual property tax bill amounts to $1,272, well below the national median of $2,690. Property taxes in Eatonton are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Eatonton'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 Eatonton 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
Eatonton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$1,600
$1,484
Ownwell’s Eatonton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eatonton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eatonton 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 Eatonton, Georgia
Property taxes in Eatonton, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eatonton is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Eatonton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eatonton 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. For comparison, the zip code 31024 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Eatonton 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 Eatonton Tax Rate
0.75%
Average Putnam County Tax Rate
0.75%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eatonton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31024 | 0.20% | 0.45% | 0.75% | 0.86% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Eatonton, Georgia
In Eatonton, 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 Eatonton, 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. Being aware of these valuation processes in Eatonton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $1,272, found in the 31024 zip code.
Average Eatonton Assessed Value
$213,296
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 Eatonton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31024 | $43,541 | $86,527 | $213,296 | $411,109 | $683,486 |
Source: Ownwell
Property Tax Bills Across Eatonton, Georgia
In Eatonton, property tax bills are calculated based on the assessed value of a home, which is determined by the Putnam County tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $213,296, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including property location, any applicable exemptions, and the specific tax rate set by local authorities. In Eatonton, tax bills can range significantly, with the 25th percentile at $487, the 75th percentile at $2,801, and the 90th percentile reaching up to $4,901. The highest and lowest median tax bills in the area are both $1,272, indicating a level of consistency within the region. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Eatonton Tax Bill
$1,272
Average Putnam County Tax Bill
$1,336
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Eatonton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31024 | $158 | $487 | $1,272 | $2,801 | $4,901 |
Source: Ownwell