Meigs, Georgia Property Taxes
The median property tax rate in Meigs, GA is 1.39%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $109,200 in Meigs, the typical annual property tax bill reaches $1,581, which is below the national median of $2,690. Property taxes in Meigs 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 Meigs'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 Meigs 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
Meigs, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,518
$1,474
Ownwell’s Meigs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meigs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meigs 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 Meigs, Georgia
Property taxes in Meigs, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meigs is 1.39%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities in Meigs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meigs 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 Meigs's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31765 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Meigs provides valuable insights into the varying tax landscape across Mitchell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meigs Tax Rate
1.39%
Average Mitchell County Tax Rate
1.39%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meigs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31765 | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Meigs, Georgia
In Meigs, 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 Mitchell 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 Meigs, 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 Meigs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 31765, with a median tax bill of $1,581, which is significantly higher than the national median property tax rate of 0.99%.
Average Meigs Assessed Value
$109,200
Average Mitchell County Assessed Value
$70,760
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meigs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31765 | $24,966 | $52,464 | $109,200 | $174,375 | $346,494 |
Source: Ownwell
Property Tax Bills Across Meigs, Georgia
In Meigs, located in Mitchell County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $109,200, homeowners can expect varying tax bills depending on their property's assessed value and any applicable exemptions. Factors such as property size, location, and improvements can influence the assessed value. In Meigs, the 25th percentile of tax bills is around $739, while the 75th percentile reaches $2,507. At the higher end, the 90th percentile can see tax bills as steep as $4,822. These figures highlight the range of property taxes homeowners might face, significantly impacting their annual expenses. Notably, the highest and lowest median tax bills in the area are both $1,581, indicating a relatively stable tax environment within the specific zip code 31765.
Average Meigs Tax Bill
$1,581
Average Mitchell County Tax Bill
$1,122
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Meigs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31765 | $365 | $739 | $1,581 | $2,507 | $4,822 |
Source: Ownwell