Mc Caysville, Georgia Property Taxes
The median property tax rate in McCaysville, GA is 0.56%, significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in McCaysville at $171,175, the typical annual property tax bill amounts to $960, well below the national median of $2,690. Property taxes in McCaysville are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding McCaysville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of McCaysville or another part of Fannin County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Caysville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$959
$931
Ownwell’s MC CAYSVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CAYSVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CAYSVILLE 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 Mc Caysville, Georgia
Property taxes in MC CAYSVILLE, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MC CAYSVILLE is 0.56%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within MC CAYSVILLE set these rates annually, and they can vary significantly across different neighborhoods. Each year, MC CAYSVILLE 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 MC CAYSVILLE's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30555 zip code has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with MC CAYSVILLE provides valuable insights into the varying tax landscape across Fannin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Caysville Tax Rate
0.56%
Average Fannin County Tax Rate
0.56%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Caysville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30555 | 0.41% | 0.56% | 0.56% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Mc Caysville, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in McCaysville, Georgia. 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 Fannin 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 McCaysville, 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 McCaysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in McCaysville is $171,175, with the median tax bill being $960. The zip code 30555 has the highest and lowest median tax bills at $960.
Average Mc Caysville Assessed Value
$171,175
Average Fannin County Assessed Value
$295,604
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Caysville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30555 | $30,602 | $74,271 | $171,175 | $298,514 | $447,881 |
Source: Ownwell
Property Tax Bills Across Mc Caysville, Georgia
Property tax bills in McCaysville, located in Fannin County, GA, are determined by assessing the value of a property and applying the local tax rate. The assessed value is typically a percentage of the property's market value, which is then multiplied by the tax rate to calculate the annual tax bill. For instance, the median home price in McCaysville is $171,175. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $414, and the 75th percentile reaching $1,644. At the higher end, the 90th percentile tax bill can go up to $2,423. These taxes are crucial as they fund local services such as schools, public safety, and infrastructure. For homeowners, understanding how their property tax is calculated helps in financial planning and ensures they are not overpaying. Comparing to the national median property tax rate of 0.99%, McCaysville's property tax bills demonstrate the variability within local tax structures, emphasizing the importance of accurate property assessments.
Average Mc Caysville Tax Bill
$960
Average Fannin County Tax Bill
$1,562
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Caysville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30555 | $144 | $414 | $960 | $1,644 | $2,423 |
Source: Ownwell