Milledgeville, Georgia Property Taxes
The median property tax rate in Milledgeville, GA is 0.97%, slightly lower than the national median of 0.99% and below Georgia's state median of 1.08%. With the median home value in Milledgeville at $121,200, the typical annual property tax bill amounts to $1,328, which is significantly less than the national median of $2,690. Property taxes in Milledgeville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Milledgeville'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 Milledgeville or another part of Baldwin County, 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
0.97%
Estimate Property Tax Bill
$1,176
$1,142
Ownwell’s Milledgeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate 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 0.97%, which is slightly below 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 areas in Baldwin County and the national median. For comparison, the zip code 31062 has the highest median property tax rate of 1.43%, while the zip code 31061 has the lowest median tax rate of 0.97%. Understanding how these areas compare with Milledgeville provides valuable insights into the varying tax landscape across Baldwin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milledgeville Tax Rate
0.97%
Average Baldwin County Tax Rate
0.97%
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 | 0.97% | 0.97% | 0.97% | 1.43% | 1.43% |
| 31062 | 1.43% | 1.43% | 1.43% | 1.43% | 1.43% |
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 Baldwin 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. 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 example, the median home price in Milledgeville is $121,200, with tax bills ranging from $668 at the 25th percentile to $3,511 at the 90th percentile. The highest median tax bill is $3,031 in zip code 31062, while the lowest is $1,328 in zip code 31061. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Milledgeville Assessed Value
$121,200
Average Baldwin County Assessed Value
$117,815
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 | $32,735 | $63,010 | $121,190 | $213,688 | $334,313 |
| 31062 | $182,815 | $194,012 | $212,675 | $231,338 | $242,535 |
Source: Ownwell
Property Tax Bills Across Milledgeville, Georgia
In Milledgeville, Baldwin County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. This assessed value is a percentage of the property's market value. Homeowners in Milledgeville experience varying property tax bills, with the 25th percentile paying around $668 and the 75th percentile facing bills up to $2401. The highest median tax bill in the area can reach $3031 in certain zip codes, while the lowest median bill is approximately $1328. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the local government may offer homestead exemptions that reduce the taxable value of a primary residence. Understanding these elements is crucial for homeowners, as property taxes can significantly impact annual expenses. Comparing these figures to the national median property tax rate of 0.99% provides context, highlighting how local rates and home values affect overall tax obligations.
Average Milledgeville Tax Bill
$1,328
Average Baldwin County Tax Bill
$1,278
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 | $319 | $668 | $1,328 | $2,400 | $3,510 |
| 31062 | $2,605 | $2,765 | $3,031 | $3,297 | $3,457 |
Source: Ownwell