Maysville, Georgia Property Taxes
The median property tax rate in Maysville, GA is 0.82%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $196,907 in Maysville, the typical annual property tax bill amounts to $1,517, falling below the national median of $2,690. Property taxes in Maysville are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Maysville'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 Maysville 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
Maysville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,615
$1,568
Ownwell’s Maysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maysville 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 Maysville, Georgia
Property taxes in Maysville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maysville is 0.82%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Maysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maysville 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. The data below compares Maysville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30558 zip code has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these areas compare with Maysville provides valuable insights into the varying tax landscape across Banks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maysville Tax Rate
0.82%
Average Banks County Tax Rate
0.79%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maysville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30558 | 0.38% | 0.60% | 0.82% | 0.92% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Maysville, Georgia
In Maysville, 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 Banks 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 Maysville, 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 Maysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Maysville are both $1517, found in the zip code 30558.
Average Maysville Assessed Value
$196,907
Average Banks County Assessed Value
$198,598
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maysville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30558 | $76,769 | $122,915 | $196,907 | $288,685 | $416,862 |
Source: Ownwell
Property Tax Bills Across Maysville, Georgia
In Maysville, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically represents a percentage of the market value. For instance, with a median home price of $196,907, the property tax rate in Banks County influences the final bill. Homeowners in Maysville can expect a tax bill that varies significantly depending on their property's value. Factors such as the property's location within the county, any applicable exemptions, and the local tax rate all play a role in determining the final amount. For example, the 25th percentile of tax bills is around $858, while the 75th percentile reaches up to $2,189. At the higher end, the 90th percentile tax bill can go up to $3,016. These property taxes impact homeowners by contributing to local services and infrastructure, but they also represent a significant annual expense. Comparing these figures to the national median property tax rate of 0.99%, Maysville's rates can vary, reflecting the unique economic conditions of the area.
Average Maysville Tax Bill
$1,517
Average Banks County Tax Bill
$1,442
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Maysville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30558 | $448 | $858 | $1,517 | $2,189 | $3,016 |
Source: Ownwell