Millen, Georgia Property Taxes
The median property tax rate in Millen, GA is 0.78%, which is notably lower than the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $82,760 in Millen, the typical annual property tax bill amounts to $638, significantly below the national median of $2,690. Property taxes in Millen are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Millen'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 Millen 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
Millen, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$646
$627
Ownwell’s Millen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millen 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 Millen, Georgia
Property taxes in Millen, Georgia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Millen is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Millen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millen 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 Millen's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30442 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Millen provides valuable insights into the varying tax landscape across Jenkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Millen Tax Rate
0.78%
Average Burke County Tax Rate
0.79%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millen, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30442 | 0.68% | 0.75% | 0.78% | 0.84% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Millen, Georgia
In Millen, 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 Burke 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 Millen, 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. For instance, the median home price in Millen is $82,760, with tax bills ranging from $286 at the 25th percentile to $5,571 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 30442, with a median tax bill of $638. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Millen Assessed Value
$82,760
Average Burke County Assessed Value
$99,724
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Millen, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30442 | $10,906 | $27,839 | $82,760 | $223,164 | $713,600 |
Source: Ownwell
Property Tax Bills Across Millen, Georgia
Property tax bills in Millen, located in Burke County, GA, are calculated based on the assessed value of a property, which is typically a percentage of the market value. In this area, the assessed value often reflects a fraction of the property's market price, which for Millen is around $82,760. Homeowners then multiply this assessed value by the local tax rate to determine their annual property tax bill. The tax rate in Millen is influenced by various factors, including local government budgets and public service needs. For instance, property tax bills in Millen can vary significantly. The 25th percentile tax bill is about $286, while the 75th percentile reaches $1,803. At the higher end, the 90th percentile tax bill can be as much as $5,571. These variations highlight how property taxes can impact homeowners differently, depending on the assessed value of their property and the specific tax rates applied. Compared to the national median property tax rate of 0.99%, Millen's property taxes can be seen as relatively moderate, but they still play a crucial role in funding local services and infrastructure.
Average Millen Tax Bill
$638
Average Burke County Tax Bill
$840
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Millen, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30442 | $97 | $286 | $638 | $1,803 | $5,571 |
Source: Ownwell