Morgan County Property Taxes
The median property tax rate in Morgan County is 0.98%, which is slightly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Morgan County at $223,250, the typical annual property tax bill reaches $2,264, which is below the national median of $2,690. Property taxes in Morgan County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Morgan County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Madison or another part of Morgan County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morgan County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Morgan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Morgan County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Morgan County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Morgan County, Georgia
Property taxes in Morgan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Morgan County is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Morgan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Morgan County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Bostwick has one of the higher property tax rates in Georgia at 1.02%, while the city of Social Circle boasts one of the lowest at 0.98%. Analyzing how Morgan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Morgan County Tax Rate
0.98%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morgan County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bishop | 0.98% | 0.98% | 0.98% | 1.02% | 1.02% |
| Bostwick | 0.98% | 1.02% | 1.02% | 1.02% | 1.02% |
| Buckhead | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
| Good Hope | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
| Madison | 0.98% | 0.98% | 0.98% | 1.20% | 1.20% |
| Mansfield | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
| Newborn | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
| Rutledge | 0.98% | 0.98% | 0.98% | 1.11% | 1.11% |
| Social Circle | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Morgan County, Georgia
In Morgan County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Morgan County Appraisal District. The assessed value, however, 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 in Morgan County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Morgan County, the city with the highest median tax bill is Social Circle at $3,407, while Bostwick has the lowest at $1,798. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Morgan County Assessed Value
$223,250
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morgan County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bishop | $77,090 | $124,457 | $236,209 | $386,557 | $538,920 |
| Bostwick | $92,912 | $120,737 | $176,431 | $298,967 | $463,150 |
| Buckhead | $80,328 | $157,139 | $276,072 | $411,510 | $554,362 |
| Good Hope | $67,858 | $114,411 | $207,683 | $317,727 | $456,229 |
| Madison | $68,337 | $109,603 | $209,099 | $343,289 | $486,581 |
| Mansfield | $61,573 | $122,183 | $267,911 | $401,752 | $506,852 |
| Newborn | $153,105 | $228,468 | $339,602 | $504,721 | $781,350 |
| Rutledge | $83,645 | $127,782 | $214,898 | $320,886 | $439,276 |
| Social Circle | $115,230 | $258,672 | $348,239 | $412,472 | $446,098 |
Source: Ownwell
Property Tax Bills Across Morgan County, Georgia
In Morgan County, GA, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of the market value. The county then applies the local tax rate to this assessed value to determine your tax bill. For example, with a median home price of $223,250, homeowners can expect varying tax bills depending on their property's assessed value and the specific local tax rates. Factors such as property location, home improvements, and changes in market conditions can influence the assessed value. In Morgan County, tax bills can range significantly. The 25th percentile tax bill is around $1,243, while the 75th percentile reaches $3,559, and the 90th percentile can go as high as $4,992. Homeowners in Social Circle face the highest median tax bill at $3,407, whereas those in Bostwick enjoy the lowest median tax bill of $1,798. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Morgan County Tax Bill
$2,264
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Morgan County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bishop | $759 | $1,264 | $2,347 | $3,779 | $5,287 |
| Bostwick | $947 | $1,231 | $1,798 | $3,047 | $4,532 |
| Buckhead | $804 | $1,561 | $2,691 | $4,007 | $5,394 |
| Good Hope | $664 | $1,090 | $2,032 | $3,083 | $4,355 |
| Madison | $699 | $1,166 | $2,152 | $3,486 | $4,973 |
| Mansfield | $602 | $1,196 | $2,609 | $3,931 | $4,959 |
| Newborn | $1,498 | $2,200 | $3,323 | $4,776 | $7,645 |
| Rutledge | $851 | $1,289 | $2,164 | $3,183 | $4,501 |
| Social Circle | $1,128 | $2,531 | $3,407 | $4,036 | $4,365 |
Source: Ownwell