Mauk, Georgia Property Taxes
The median property tax rate in MAUK, GA is 0.92%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in MAUK at $64,989, the typical annual property tax bill comes to $601, which is significantly lower than the national median of $2,690. Property taxes in MAUK are calculated based on the tax assessed value, often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding MAUK'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 MAUK or another part of Taylor County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mauk, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$598
$581
Ownwell’s MAUK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MAUK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MAUK 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 Mauk, Georgia
Property taxes in MAUK, Georgia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in MAUK is 0.92%, which is just below the U.S. national median of 0.99%. Local government entities within MAUK set these rates annually, and they can vary significantly across different neighborhoods. Each year, MAUK 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 MAUK's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31058 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with MAUK provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mauk Tax Rate
0.92%
Average Taylor County Tax Rate
0.92%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mauk, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31058 | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Mauk, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in MAUK, Georgia. 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 Taylor 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. Assessment notices in MAUK 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 MAUK helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Taylor County is $601 in the 31058 zip code, offering a clear picture of local tax variations.
Average Mauk Assessed Value
$64,989
Average Taylor County Assessed Value
$65,765
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mauk, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31058 | $17,632 | $29,655 | $64,989 | $145,470 | $293,212 |
Source: Ownwell
Property Tax Bills Across Mauk, Georgia
In MAUK, located in Taylor County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is typically a percentage of the property's market value. Homeowners in this area see a range of property tax bills, with the 25th percentile at $276 and the 75th percentile at $1,367. The 90th percentile tax bill can go up to $2,694, indicating significant variability depending on property values and specific assessments. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. The median home price in MAUK is $64,989, which is relatively low compared to national figures. This lower home price contributes to generally lower property tax bills. For example, the highest median tax bill in the region is $601, which is still below the national median property tax rate of 0.99%. These property taxes directly impact homeowners by affecting their annual expenses and overall cost of homeownership.
Average Mauk Tax Bill
$601
Average Taylor County Tax Bill
$632
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mauk, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31058 | $172 | $276 | $601 | $1,367 | $2,694 |
Source: Ownwell