Montezuma, Georgia Property Taxes
The median property tax rate in Montezuma, GA is 1.37%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Montezuma at $43,500, the typical annual property tax bill amounts to $521, which is substantially lower than the national median of $2,690. Property taxes in Montezuma are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Montezuma'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 Montezuma 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
Montezuma, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Montezuma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montezuma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montezuma 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 Montezuma, Georgia
Property taxes in Montezuma, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montezuma is 1.37%, significantly higher than both the Georgia state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Montezuma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montezuma 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 Montezuma's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31063 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Montezuma provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Montezuma Tax Rate
1.37%
Average Dooly County Tax Rate
1.37%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montezuma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31063 | 0.93% | 1.21% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Montezuma, Georgia
In Montezuma, 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 Dooly 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 Montezuma, 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 Montezuma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 31063, with a median bill of $521.
Average Montezuma Assessed Value
$43,500
Average Dooly County Assessed Value
$53,200
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montezuma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31063 | $6,907 | $20,675 | $43,500 | $70,150 | $120,954 |
Source: Ownwell
Property Tax Bills Across Montezuma, Georgia
In Montezuma, located in Dooly County, GA, property tax bills are calculated based on the assessed value of the property, which is determined by the county tax assessor. The assessed value is typically a percentage of the property's market value, and this percentage can vary depending on local regulations. Homeowners in Montezuma experience a range of property tax bills, with the 25th percentile at $254 and the 75th percentile at $946. For those at the 90th percentile, the tax bill can reach up to $1,665. The median home price in Montezuma is $43,500, which influences the overall tax bill. Compared to the national median property tax rate of 0.99%, Montezuma's property taxes can be seen as relatively moderate. Factors such as property improvements, changes in market conditions, and local tax rates all play a role in determining the final tax bill. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and the overall cost of homeownership in Montezuma.
Average Montezuma Tax Bill
$521
Average Dooly County Tax Bill
$786
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Montezuma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31063 | $96 | $254 | $521 | $946 | $1,665 |
Source: Ownwell