Mount Vernon, Georgia Property Taxes
The median property tax rate in Mount Vernon, GA is 1.03%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With the median home value in Mount Vernon at $89,512, the typical annual property tax bill reaches $966, which is significantly below the national median of $2,690. Property taxes in Mount Vernon are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Mount Vernon'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 Mount Vernon 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
Mount Vernon, 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 MOUNT VERNON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT VERNON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT VERNON 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 Mount Vernon, Georgia
Property taxes in Mount Vernon, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Vernon is 1.03%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Mount Vernon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Vernon 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 Mount Vernon's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30445 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Mount Vernon provides valuable insights into the varying tax landscape across Treutlen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Vernon Tax Rate
1.03%
Average Treutlen County Tax Rate
1.05%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Vernon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30445 | 0.88% | 0.94% | 1.03% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Mount Vernon, Georgia
In Mount Vernon, 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 Treutlen 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 Mount Vernon, 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. The median home price in Mount Vernon is $89,512, with tax bills ranging from $824 at the 25th percentile to $1,099 at the 75th percentile. The highest and lowest median tax bill is $966 in ZIP code 30445. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mount Vernon Assessed Value
$89,512
Average Treutlen County Assessed Value
$53,872
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Vernon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30445 | $82,790 | $85,311 | $89,512 | $104,396 | $113,326 |
Source: Ownwell
Property Tax Bills Across Mount Vernon, Georgia
In Mount Vernon, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate, or millage rate, is then applied to this assessed value to determine the annual tax bill. For homeowners in Treutlen County, the median home price is $89,512. The property tax rate in this area is 0.99%, which aligns with the national median. Factors such as property improvements, neighborhood developments, and market fluctuations can influence the assessed value. Homeowners in Mount Vernon can expect their tax bills to fall within a range, with the 25th percentile at $824 and the 75th percentile at $1,099, while the 90th percentile reaches $1,179. This variability reflects differences in property values and individual home assessments. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly. High property taxes can impact affordability, while lower taxes might make homeownership more accessible.
Average Mount Vernon Tax Bill
$966
Average Treutlen County Tax Bill
$516
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Vernon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30445 | $740 | $824 | $966 | $1,099 | $1,179 |
Source: Ownwell