Morgan, Georgia Property Taxes
The median property tax rate in Morgan, GA is 1.31%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Morgan at $219,900, the typical annual property tax bill reaches $2,889, exceeding the national median of $2,690. Property taxes in Morgan 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 Morgan'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 Morgan 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
Morgan, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,881
$2,798
Ownwell’s Morgan Property Tax Bill Calculator empowers homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Morgan with just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Morgan to provide an estimate of your property tax bill. This invaluable tool helps you understand potential tax liabilities. For those interested in more granular data, scroll down to explore trends at the neighborhood level. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Morgan, Georgia
Property taxes in Morgan, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morgan is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Morgan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morgan 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 Morgan's effective property tax rate to other counties in Georgia and the national median. For comparison, the highest median property tax rate in the region is 1.07% in zip code 39866, while the lowest median tax rate is also 1.07% in the same zip code. Understanding how these cities compare with Morgan provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morgan Tax Rate
1.31%
Average Randolph County Tax Rate
1.42%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morgan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39866 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Morgan, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Morgan, 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 Randolph 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 Morgan, 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. For instance, the highest median tax bill in Morgan is $2,889 in the 39866 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Morgan Assessed Value
$219,900
Average Randolph County Assessed Value
$74,384
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morgan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39866 | $219,900 | $219,900 | $219,900 | $219,900 | $219,900 |
Source: Ownwell
Property Tax Bills Across Morgan, Georgia
In Morgan, located in Randolph County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. This assessed value is typically a percentage of the property's market value. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For example, homeowners may qualify for homestead exemptions, which can reduce the taxable value of their property. The median home price in Morgan is $219,900, and the median property tax bill is $2,889. This figure is significantly higher than the national median property tax rate of 0.99%, indicating a relatively higher tax burden for homeowners in this area. Understanding how these factors interplay can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Morgan Tax Bill
$2,889
Average Randolph County Tax Bill
$899
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Morgan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39866 | $2,889 | $2,889 | $2,889 | $2,889 | $2,889 |
Source: Ownwell