Milan, Georgia Property Taxes
The median property tax rate in Milan, GA is 1.03%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With a median home value of $86,368 in Milan, the typical annual property tax bill amounts to $892, which is significantly below the national median of $2,690. Property taxes in Milan are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Milan'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 Milan or another part of Dodge County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Milan, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$890
$864
Ownwell’s Milan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Milan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milan 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 Milan, Georgia
Property taxes in Milan, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milan is 1.03%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Milan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milan 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 Milan's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31060 zip code has the highest median property tax rate of 1.03%, while the 31060 zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Milan provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milan Tax Rate
1.03%
Average Dodge County Tax Rate
1.03%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31060 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Milan, Georgia
In Milan, 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 Dodge 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 Milan, 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 Milan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31060 has the highest and lowest median tax bill at $892.
Average Milan Assessed Value
$86,368
Average Dodge County Assessed Value
$79,344
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31060 | $19,314 | $48,806 | $86,368 | $143,231 | $250,862 |
Source: Ownwell
Property Tax Bills Across Milan, Georgia
In Milan, Dodge County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and any applicable exemptions play a crucial role in this calculation. For instance, the median home price in Milan is $86,368, and property tax bills can vary significantly, with the 25th percentile at $504 and the 75th percentile reaching $1,479. Homeowners in Milan should be aware that their property tax bills can impact their overall financial planning. While the median tax bill in the area is $892, this figure can be higher or lower depending on individual property assessments and exemptions. Compared to the national median property tax rate of 0.99%, Milan's tax rates can offer some relief or pose a higher burden, depending on specific circumstances. This variability underscores the importance of understanding local property tax dynamics.
Average Milan Tax Bill
$892
Average Dodge County Tax Bill
$894
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Milan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31060 | $199 | $504 | $892 | $1,479 | $2,591 |
Source: Ownwell