Cave Spring, GA Property Tax: Rates & How to Save (2026)
Cave Spring, GA property taxes: $1,326/year median. See rates, how to appeal in Floyd County, and check your savings.
Key Takeaways
Median home value: $152,200 in Cave Spring.Median annual tax bill: $1,326.Tax rate: Floyd County's combined rate is 2.867%.Appeals filed with: Floyd County Board of Assessors (not the city).Appeal deadline: 45 days from your assessment notice date.
Cave Spring is a small Floyd County city known for its natural limestone spring and historic downtown, where home values of about $152,000 sit roughly 30% below the county median. That discount should be reflected in your assessment -- and if it isn't, you have options.
Property Tax Rates in Cave Spring
Cave Spring property taxes are assessed and collected by Floyd County. Georgia assesses all property at 40% of fair market value.
Here is how the tax math works for the median Cave Spring home:
Fair Market Value (county assessment): $152,200
Assessed Value ($152,200 x 0.40): $60,880
Tax Rate (Floyd County combined rate): 2.867%
Annual Tax Bill ($60,880 x 2.867%): $1,745
The Census Bureau reports a median annual tax bill of $1,326 for Cave Spring, which reflects all levies including county, school, and city taxes.
How Cave Spring Compares
Cave Spring: $152,200
Floyd County: $217,900
Georgia (statewide): $170,200
Homes in Cave Spring are valued 30% below the Floyd County median. Lower values do not mean your assessment is automatically correct - overassessments happen at every price point. The median annual tax bill in Cave Spring ($1,326) is 7% below Georgia's statewide median of $1,439. Home values in Floyd County range from about $125,227 (25th percentile) to $333,306 (75th percentile), so your appeal savings depend heavily on where your home falls in that range.
How to Appeal Your Cave Spring Property Tax
Property tax appeals in Cave Spring are handled by the Floyd County Board of Assessors. You have 45 days from the date of the assessment notice to file using the PT-311A form.
Based on a combined tax rate of 2.867%. Your actual rate may vary by tax district.
A 10% reduction on the median Cave Spring home ($152,200 down by $15,220) would save approximately $175 per year - or $525 over three years with the 299c freeze.
The median annual property tax bill in Cave Spring is $1,326, based on Census ACS 2024 data. Using Floyd County's millage rate of 2.867%, the computed tax on the median home ($152,200) is approximately $1,745.
Who do I contact to appeal my Cave Spring property tax?
Appeals are filed with the Floyd County Board of Assessors, not at the city level. File a PT-311A form within 45 days of your assessment notice.
Are Cave Spring homes undervalued compared to Floyd County?
Cave Spring's lower median does not mean the county's assessment of your specific home is correct. Overassessments happen at every price point. Compare your assessed value per square foot to actual recent sales of similar homes nearby.
How is my Cave Spring property tax bill calculated?
Georgia taxes property at 40% of fair market value. For Cave Spring's median home ($152,200), the assessed value is $60,880. Multiply by Floyd County's millage rate of 2.867% to get your annual bill. In smaller communities like Cave Spring, the county may rely on limited data to set your value. If your home is unique or the comparable sales used are a poor match, there is a good chance your assessment is off.
What if there are few comparable sales near Cave Spring?
In smaller communities, finding 3-5 recent sales of similar homes can be difficult. Expand your search to other parts of Floyd County -- the BOE panel understands limited inventory in small towns. Look for homes with similar square footage, lot size, and condition even if they are several miles away.
Can I appeal if I just bought my Cave Spring home?
Yes. If you paid less than the county's assessed fair market value, your purchase price is strong evidence of overassessment. If you paid more, the county may eventually reassess upward -- but they cannot do so just because you appealed. Either way, you should compare your assessed value to what similar nearby homes actually sold for.
Can my property tax go up if I appeal?
No. Georgia law (O.C.G.A. § 48-5-311) protects you: the county cannot raise your assessed value above what they originally set just because you filed an appeal. The Board of Equalization only rules on the disputed value. Worst case, your appeal is denied and you keep your current assessment -- your taxes will not increase as a result of appealing.