Average Tax Assessment in Walton County
Real Estate Values and Property Tax Valuation in Walton County, Georgia
Walton County has 32,649 properties with a cumulative value of $7.6B, representing 0.95% of all real estate value in Georgia. Property taxes in Walton County totaled $74.7M, with an average homeowner paying $2,290 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Walton County is 0.98%, 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 | |
|---|---|
| Walton Assessor | (770) 267-1352 |
| Walton Clerk / Recorder | (850) 892-8115 |
| Walton Tax Commissioner | (770) 266-1736 |
| Walton Tax Collector | (850) 892-8121 |
| 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 Walton County
Residential Property Taxes by Cities in Walton County
Walton County has an average property tax rate of 0.98%, which is slightly lower than the state average of 1.03%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average Walton County property tax bill is $2,290, which is lower than the state average of $2,541. Property taxes in Walton County vary across cities, with Monroe having the highest effective property tax rate of 1.03%, and Social Circle having the lowest effective property tax rate of 0.62%. This means that property owners in Monroe will pay more in taxes than those in Social Circle. Overall, Walton County has a relatively low property tax rate compared to the rest of 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 Walton 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 |
|---|---|---|---|---|---|
| Covington | $99,100 | $154,795 | $239,500 | $350,000 | $468,580 |
| Good Hope | $88,960 | $147,200 | $243,700 | $325,200 | $468,160 |
| Loganville | $124,970 | $177,568 | $229,700 | $295,800 | $363,700 |
| Monroe | $70,600 | $125,900 | $190,100 | $287,130 | $395,600 |
| Oxford | $48,049 | $78,534 | $138,960 | $227,700 | $328,260 |
| Social Circle | $70,233 | $105,822 | $170,650 | $250,300 | $372,010 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Walton County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Covington | $640 | $1,287 | $2,270 | $3,641 | $4,883 |
| Good Hope | $577 | $1,078 | $2,111 | $3,531 | $4,632 |
| Loganville | $588 | $1,244 | $2,378 | $3,302 | $4,199 |
| Monroe | $591 | $1,067 | $1,985 | $2,979 | $4,416 |
| Oxford | $374 | $690 | $1,291 | $2,453 | $3,887 |
| Social Circle | $248 | $408 | $694 | $1,372 | $2,980 |
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 |
|---|---|---|---|---|---|
| Covington | 0.65% | 0.83% | 0.95% | 1.04% | 1.04% |
| Good Hope | 0.65% | 0.73% | 0.87% | 1.09% | 0.99% |
| Loganville | 0.47% | 0.70% | 1.04% | 1.12% | 1.15% |
| Monroe | 0.84% | 0.85% | 1.04% | 1.04% | 1.12% |
| Oxford | 0.78% | 0.88% | 0.93% | 1.08% | 1.18% |
| Social Circle | 0.35% | 0.39% | 0.41% | 0.55% | 0.80% |
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Real Estate Values in Walton County
The median home price in Walton County, Georgia has increased by 1.06% from October 2022 to October 2023, from $420.0K to $421.9K. This indicates a slight increase in home prices in the area. However, the home inventory in Walton County has decreased from 613 in October 2022 to 543 in October 2023, indicating a decrease in the number of homes available for sale. This could be due to a decrease in the number of homes being listed for sale, or an increase in the number of homes being sold.
Average Home Value in Walton County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Walton County
Last updated: November 2023
Percent Change in New Home Listings in Walton County
Last updated: November 2023
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Mortgage Rates in Walton County
Walton County has an impressive $5.6 billion in outstanding home mortgage loans, with 16,300 individual loans. This represents a significant portion of the total home value in the county, indicating that homeowners are taking advantage of the available financing options. The median mortgage rate in Walton County varies across cities, with Oxford having the highest rate at 4.5% and Good Hope having the lowest at 4.08%. This variation in rates allows homeowners to choose the best option for their individual needs, ensuring that they are able to secure the best possible financing for their home purchase. Overall, Walton County is a great place for homeowners to secure financing for their home purchase, with a variety of options available to suit their individual needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Walton County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Covington | $47,879 | $84,258 | $164,375 | $255,097 | $351,156 |
| Good Hope | $56,611 | $92,031 | $176,040 | $242,548 | $320,826 |
| Loganville | $53,107 | $86,086 | $146,658 | $221,507 | $300,616 |
| Monroe | $44,911 | $75,919 | $139,015 | $218,807 | $291,467 |
| Oxford | $39,659 | $66,381 | $128,962 | $219,426 | $307,326 |
| Social Circle | $38,943 | $69,233 | $119,327 | $193,084 | $268,918 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Walton County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Covington | 2.90% | 3.60% | 4.25% | 5.92% | 7.00% |
| Good Hope | 2.90% | 3.40% | 4.08% | 5.61% | 6.73% |
| Loganville | 3.00% | 3.70% | 4.40% | 6.10% | 7.09% |
| Monroe | 2.90% | 3.60% | 4.39% | 6.01% | 7.02% |
| Oxford | 2.91% | 3.70% | 4.50% | 6.27% | 7.19% |
| Social Circle | 2.90% | 3.60% | 4.38% | 6.10% | 7.11% |
Housing Expenses in Walton County, Georgia
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