Real Estate Values and Property Tax Valuation in Polk County, Georgia

Polk County has a total of 14,927 properties with a cumulative value of $1.8B. This represents 0.22% of all real estate value in Georgia. Property taxes in Polk County totaled $15.4M, with an average property tax rate of 0.86%, which is lower than the state average of 1.00%. The average Polk County homeowner pays $1,029 in property taxes compared to the state average of $2,360. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.

The property tax timeline in Georgia begins on January 1st, when the property values are assessed. Property value notices are then issued between April and July, and property owners have 30 to 45 days after the notices are mailed to file an appeal. Finally, property tax bills are issued on September 1st.

Important Dates
Property Valuation Date:January 1st
Property Value Notices Issued:April - July
Property Tax Appeal Deadline:30 to 45 days after notices mailed
Property Tax Bills Issued:September 1st
Real Property Tax Bill Due (1st of #):May - December, Varies by jurisdiction, Fulton County - October 15th
Available Exemptions
SeniorAvailable
DisabledAvailable
HomesteadAvailable
VeteranAvailable
Solar/WindNot Available
CharitableAvailable

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Real Estate Statistics in Polk County

Total Real Estate Value
$1.8B
Total Real Property Taxes
$15.4M
Average Property Tax Rate
0.86%
# of Real Properties
14.9K

Residential Property Taxes by Cities in Polk County

Polk County has an average property tax rate of 0.86%, which is slightly lower than the national average of 1.08%. This rate is applied to the assessed value of a property, and the average Polk County property tax bill is estimated to be around $1,029. Property taxes in Polk County vary across cities, with Rockmart having the highest effective property tax rate of 0.87%, and Cedartown having the lowest effective property tax rate of 0.86%. This means that property owners in Rockmart will pay slightly more in property taxes than those in Cedartown. Despite the slight differences in property tax rates across cities, the overall property tax rate in Polk County is still relatively low compared to the rest of the country. This makes Polk County an attractive place to live for those looking for a lower cost of living.

Tax Assessment Value

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Polk County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Aragon$32,325$54,103$87,986$138,872$190,741
Cedartown$29,189$51,176$91,514$147,112$218,374
Rockmart$33,418$60,040$107,301$163,724$222,857

Property Tax Bill

This table shows the percentiles of actual property tax paid on residential properties for each city in Polk County.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Aragon$226$437$766$1,266$1,690
Cedartown$220$410$782$1,281$1,950
Rockmart$255$496$900$1,483$2,004

Effective Property Tax Rate

The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Aragon 0.70% 0.81% 0.87% 0.91% 0.89%
Cedartown 0.75% 0.80% 0.85% 0.87% 0.89%
Rockmart 0.76% 0.83% 0.84% 0.91% 0.90%

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Real Estate Values in Polk County

The data from Redfin shows that the median home price in Polk County decreased by 2.19% from October 2022 to October 2023. This indicates that the housing market in Polk County is cooling off. Additionally, the home inventory in Polk County decreased by 17 homes from October 2022 to October 2023, suggesting that the demand for housing in the area is increasing. Overall, these trends suggest that the housing market in Polk County is becoming more competitive.

Median Sale Value
$247.4K
Total Active Listings
115
Annual percent change in median sale price
-2.19%

Average Home Value in Polk County, Georgia

Last updated: November 2023

Percent Change in Total Home Sales in Polk County

Last updated: November 2023

Percent Change in New Home Listings in Polk County

Last updated: November 2023

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Ownwell will evaluate your property tax assessment, build a case, and file an appeal. With our Savings-or-Free guarantee, only pay 25% of your property tax bill savings!

Mortgage Rates in Polk County

Mortgages in Polk County are a major source of funding for homeowners in the area. According to recent statistics, there is a total of $990.0M in outstanding loan amounts across home mortgages in Polk County, with over 3.3K outstanding loans. This represents a significant portion of the total home value in the county.

The median mortgage rate in Polk County varies across cities, with Aragon having the highest median mortgage rate at 4.13%, and Rockmart having the lowest median mortgage rate at 4.%. This variation in rates across cities allows homeowners to find the best rate for their needs. Overall, mortgages in Polk County are a great way for homeowners to finance their homes and secure their financial future.

# of Outstanding Loans
3.3K
Total Outstanding Loan Amount
$990.0M
Properties with Loans
22.03%

Outstanding Mortgages

The table below shows the percentile distribution of outstanding loans on residential properties in Polk County by city.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Aragon$43,649$62,159$106,425$153,946$194,139
Cedartown$36,342$63,813$101,060$148,879$211,788
Rockmart$51,920$77,559$121,149$173,951$227,652

Mortgage Rates

The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Polk County.

City10th Percentile25th PercentileMedian75th Percentile90th Percentile
Aragon 2.90% 3.44% 4.13% 4.60% 5.69%
Cedartown 2.90% 3.40% 4.06% 4.80% 5.96%
Rockmart 2.90% 3.37% 4.00% 4.62% 5.77%

Housing Expenses in Polk County, Georgia

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How Ownwell works?

  1. Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
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  4. When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.

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Frequently asked questions

We currently operate in Texas, California, Washington, Georgia, Florida and Illinois.
We use a private national data provider that cross-references with county recorder's offices to verify ownership. If in the event our system is unable to verify the property, our team will take further steps to investigate ownership and reach out to the customer for confirmation.
Our success rate varies across geographies; however, in any given year, we typically win more than 70% of our cases, saving clients an average of $1,457 on their property taxes.
Yes, in the market areas we serve, we have a dedicated Property Tax Consultant that is physically present in the market they are servicing. The specialist assigned to your property has the necessary geographical competence to provide exemplary service!
The average property tax rate in Polk County is 0.86%.
The following exemptions and discounts are available in Polk County: Charitable, Disabled, Homestead and Senior

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