Morven, Georgia Property Taxes
The median property tax rate in Morven, GA is 1.29%, notably higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Morven at $90,557, the typical annual property tax bill reaches $1,215, which is still below the national median of $2,690. Property taxes in Morven 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 Morven'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 Morven or another part of Brooks County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morven, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,168
$1,135
Ownwell’s Morven Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Morven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morven to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Morven, Georgia
Property taxes in Morven, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morven is 1.29%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Morven set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morven 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 Morven's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31638 zip code has the highest median property tax rate of 1.29%, while the 31638 zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Morven provides valuable insights into the varying tax landscape across Brooks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morven Tax Rate
1.29%
Average Brooks County Tax Rate
1.04%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morven, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31638 | 1.02% | 1.05% | 1.29% | 1.53% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Morven, Georgia
In Morven, 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 Brooks 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 Morven, 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 Morven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Morven is $90,557, with the highest median tax bill found in zip code 31638, amounting to $1,215.
Average Morven Assessed Value
$90,557
Average Brooks County Assessed Value
$119,130
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morven, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31638 | $23,380 | $46,900 | $90,557 | $209,300 | $346,080 |
Source: Ownwell
Property Tax Bills Across Morven, Georgia
In Morven, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. Homeowners in Brooks County see a variety of tax bills depending on their property's assessed value. For instance, the median home price in Morven is $90,557, and property tax bills can range significantly. At the 25th percentile, homeowners might pay around $662, while those at the 75th percentile could see bills as high as $2,386. The 90th percentile tax bill reaches $3,747, illustrating the upper range of what some homeowners might expect to pay. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local rates. For homeowners, these taxes are crucial as they fund essential public services but also represent a significant annual expense. Understanding how these bills are calculated helps homeowners budget accordingly and explore potential savings through appeals or exemptions.
Average Morven Tax Bill
$1,215
Average Brooks County Tax Bill
$1,212
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Morven, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31638 | $353 | $662 | $1,215 | $2,386 | $3,747 |
Source: Ownwell