Milledgeville, Georgia Property Taxes
The median property tax rate in Milledgeville, GA is 1.44%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Milledgeville at $51,147, the typical annual property tax bill reaches $736, which is significantly lower than the national median of $2,690. Property taxes in Milledgeville 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 Milledgeville'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 Milledgeville 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
Milledgeville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$737
$715
Ownwell’s Milledgeville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating 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 provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Milledgeville, Georgia
Property taxes in Milledgeville, Georgia, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Milledgeville is 1.44%, significantly higher than both the Georgia state median and 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 counties in Georgia and the national median. For comparison, the zip code 31061 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities 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
1.44%
Average Jones County Tax Rate
1.44%
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 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
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 local 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 Milledgeville, 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 Milledgeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Milledgeville are both $736, found in zip code 31061.
Average Milledgeville Assessed Value
$51,147
Average Jones County Assessed Value
$109,840
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 | $34,727 | $37,048 | $51,147 | $68,719 | $69,456 |
Source: Ownwell
Property Tax Bills Across Milledgeville, Georgia
In Milledgeville, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Milledgeville is $51,147. Homeowners can expect their tax bills to fall within a range, with the 25th percentile at $533 and the 75th percentile at $989, reflecting the variability in property values and tax rates within the city. The highest median tax bill in the area is $736, a figure that also represents the lowest median tax bill, indicating a consistent tax rate across different neighborhoods within the 31061 zip code. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. Comparing the local median tax rate to the national median of 0.99% can provide additional context, helping homeowners gauge the relative affordability of property taxes in Milledgeville.
Average Milledgeville Tax Bill
$736
Average Jones County Tax Bill
$1,634
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 | $500 | $533 | $736 | $989 | $1,000 |
Source: Ownwell