Milledgeville, Georgia Property Taxes
The median property tax rate in Milledgeville, GA is 1.28%, which is notably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $65,880 in Milledgeville, the typical annual property tax bill amounts to $826, surpassing the national median of $2,690. Property taxes in Milledgeville are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Milledgeville'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 Milledgeville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Milledgeville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$843
$819
Ownwell’s Milledgeville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Milledgeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milledgeville 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 Milledgeville, Georgia
Property taxes in Milledgeville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milledgeville is 1.28%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Milledgeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milledgeville 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 Milledgeville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31061 zip code has the highest median property tax rate of 1.28%, while the same 31061 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Milledgeville provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milledgeville Tax Rate
1.28%
Average Hancock County Tax Rate
1.28%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milledgeville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31061 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Milledgeville, Georgia
In Milledgeville, 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 Hancock 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 Milledgeville, 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 Milledgeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Milledgeville are both $826, found in the zip code 31061.
Average Milledgeville Assessed Value
$65,880
Average Hancock County Assessed Value
$69,124
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milledgeville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31061 | $17,749 | $31,788 | $65,880 | $125,864 | $229,003 |
Source: Ownwell
Property Tax Bills Across Milledgeville, Georgia
Property tax bills in Milledgeville, Hancock County, GA, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in the area stands at $65,880. Homeowners can expect tax bills to vary significantly, as factors like property size, location, and improvements play a crucial role in determining the final amount. For instance, tax bills in the 25th percentile are around $406, while those in the 75th percentile reach $1,609. At the higher end, the 90th percentile tax bill can be as much as $2,927. The median property tax rate in Hancock County is relatively modest compared to the national median of 0.99%. Homeowners in the 31061 zip code, encompassing Milledgeville, see a consistent median tax bill of $826. Understanding these factors helps homeowners anticipate their annual property tax expenses and budget accordingly.
Average Milledgeville Tax Bill
$826
Average Hancock County Tax Bill
$938
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Milledgeville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31061 | $227 | $406 | $826 | $1,609 | $2,927 |
Source: Ownwell