Mauk, Georgia Property Taxes
The median property tax rate in MAUK, GA is 0.91%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in MAUK, the typical annual property tax bill reaches $548, which is significantly lower than the national median of $2,690. Property taxes in MAUK are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding MAUK'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 MAUK or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mauk, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$591
$574
Ownwell’s MAUK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MAUK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MAUK 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 Mauk, Georgia
Property taxes in MAUK, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MAUK is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within MAUK set these rates annually, and they can vary significantly across different neighborhoods. Each year, MAUK 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 MAUK's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31058 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with MAUK provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mauk Tax Rate
0.91%
Average Marion County Tax Rate
0.94%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mauk, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31058 | 0.64% | 0.79% | 0.91% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Mauk, Georgia
In MAUK, 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 Marion 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 MAUK, 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 MAUK is $64,913, with tax bills ranging from $298 at the 25th percentile to $1,552 at the 90th percentile. The zip code 31058 has both the highest and lowest median tax bill of $548. 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 MAUK helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mauk Assessed Value
$64,913
Average Marion County Assessed Value
$76,006
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mauk, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31058 | $23,314 | $37,498 | $64,913 | $116,143 | $192,348 |
Source: Ownwell
Property Tax Bills Across Mauk, Georgia
In MAUK, located in Marion County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $64,913, the tax bill can vary significantly. Homeowners at the 25th percentile pay around $298, while those at the 75th percentile see bills closer to $972. At the 90th percentile, the tax bill can reach $1,552. Several factors influence these amounts, including the home's location within the county, any applicable exemptions, and improvements made to the property. These tax bills impact homeowners by contributing to the overall cost of owning a home, affecting affordability and financial planning. Compared to the national median property tax rate of 0.99%, the rates in Marion County offer a perspective on how local tax policies can vary widely across different regions.
Average Mauk Tax Bill
$548
Average Marion County Tax Bill
$727
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mauk, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31058 | $182 | $298 | $548 | $972 | $1,552 |
Source: Ownwell