Average Tax Assessment in Putnam County
Real Estate Values and Property Tax Valuation in Putnam County, Georgia
Putnam County has a total of 12,607 properties with a cumulative value of $3.2B. This accounts for 0.39% of all real estate value in Georgia. Property taxes in Putnam County totaled $25.4M, with the average homeowner paying $2,014 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Putnam County is 0.80%, while the state average is 1.00%. Property taxes are calculated based on the assessed value of the property.
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.
Updated November 01, 2023
Important Links | |
---|---|
Putnam Auditor | (419) 523-6686 |
Putnam Assessor | (706) 485-6376 |
Putnam County Clerk | (845) 808-1142 |
Putnam Treasurer | (765) 653-4510 |
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 | |
---|---|
Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Not Available |
Charitable | Available |
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Real Estate Statistics in Putnam County
Residential Property Taxes by Cities in Putnam County
Putnam County has an average property tax rate of 0.80%, which is slightly lower than the state average of 0.82%. This rate is applied to all properties in the county, regardless of location. However, there is some variation in the effective property tax rate across the cities in Putnam County. The city of Eatonton has the highest effective property tax rate at 0.8%, while the city of Milledgeville has the lowest effective property tax rate at 0.78%. This means that property owners in Eatonton will pay slightly more in property taxes than those in Milledgeville. Overall, Putnam County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for those looking to purchase property in the area.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Putnam 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.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Buckhead | $91,253 | $171,807 | $290,337 | $429,504 | $540,256 |
Eatonton | $31,688 | $68,302 | $171,825 | $333,768 | $541,354 |
Milledgeville | $151,801 | $195,230 | $248,004 | $361,925 | $471,994 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Putnam County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Buckhead | $645 | $1,180 | $2,070 | $3,613 | $4,638 |
Eatonton | $194 | $488 | $1,327 | $2,652 | $4,489 |
Milledgeville | $983 | $1,406 | $1,951 | $2,887 | $3,897 |
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.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Buckhead | 0.71% | 0.69% | 0.71% | 0.84% | 0.86% |
Eatonton | 0.61% | 0.71% | 0.77% | 0.79% | 0.83% |
Milledgeville | 0.65% | 0.72% | 0.79% | 0.80% | 0.83% |
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Real Estate Values in Putnam County
The data from Redfin shows that the median home price in Putnam County has increased by 16.67% from October 2022 to October 2023. This indicates that the housing market in Putnam County is experiencing a period of growth. Additionally, the home inventory in Putnam County has also increased from 144 in October 2022 to 162 in October 2023, suggesting that there is an increased demand for housing in the area. This trend is likely to continue in the future, as the housing market in Putnam County continues to grow.
Average Home Value in Putnam County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Putnam County
Last updated: November 2023
Percent Change in New Home Listings in Putnam County
Last updated: November 2023
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Mortgage Rates in Putnam County
Putnam County is home to a large number of outstanding home mortgage loans, totaling $648.8 million. This is a significant amount of money, representing a large portion of the total value of homes in the county. The number of outstanding loans in Putnam County is also quite high, with 2.9 thousand loans in total.
The median mortgage rate in Putnam County varies across cities, with Buckhead having the highest rate at 3.96% and Eatonton having the lowest rate at 3.92%. This variation in rates across cities can be beneficial to homeowners, as it allows them to shop around and find the best rate for their needs. Overall, Putnam County is a great place to get a mortgage, with a large number of outstanding loans and a variety of rates to choose from.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Putnam County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Buckhead | $89,658 | $117,434 | $197,041 | $297,669 | $405,009 |
Eatonton | $54,654 | $99,188 | $168,352 | $279,383 | $429,845 |
Milledgeville | $78,482 | $104,608 | $147,261 | $218,900 | $313,631 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Putnam County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Buckhead | 2.90% | 3.50% | 3.96% | 4.84% | 5.94% |
Eatonton | 2.90% | 3.30% | 3.92% | 4.67% | 6.08% |
Milledgeville | 2.90% | 3.43% | 3.96% | 4.79% | 5.86% |
Housing Expenses in Putnam County, Georgia
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