Murrayville, Georgia Property Taxes
The median property tax rate in Murrayville, GA is 0.72%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $240,070 in Murrayville, the typical annual property tax bill amounts to $1,684, falling well below the national median of $2,690. Property taxes in Murrayville are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Murrayville'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 Murrayville or another part of White County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Murrayville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,729
$1,679
Ownwell’s Murrayville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Murrayville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Murrayville 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 Murrayville, Georgia
Property taxes in Murrayville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Murrayville is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Murrayville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Murrayville 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 Murrayville's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30564 has the same median property tax rate of 0.72%. Understanding how these cities compare with Murrayville provides valuable insights into the varying tax landscape across White County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Murrayville Tax Rate
0.72%
Average White County Tax Rate
0.79%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Murrayville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30564 | 0.16% | 0.45% | 0.72% | 0.82% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Murrayville, Georgia
In Murrayville, 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 White 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 Murrayville, 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 Murrayville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Murrayville stands at $240,070, with the highest median tax bill being $1,684 in the 30564 zip code.
Average Murrayville Assessed Value
$240,070
Average White County Assessed Value
$217,870
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Murrayville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30564 | $65,496 | $184,475 | $240,070 | $443,365 | $532,574 |
Source: Ownwell
Property Tax Bills Across Murrayville, Georgia
In Murrayville, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. This assessed value is a percentage of the property's market value. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Murrayville stands at $240,070. The property tax rate in Murrayville is applied to this assessed value to determine the annual tax bill. Homeowners in Murrayville can expect their tax bills to vary widely. For instance, the 25th percentile tax bill is $774, while those in the 75th percentile face tax bills around $2,287. The 90th percentile tax bill can reach up to $3,237. These property taxes fund essential local services such as public schools, infrastructure, and emergency services. Understanding how property tax bills are calculated helps homeowners budget more effectively and anticipate annual expenses.
Average Murrayville Tax Bill
$1,684
Average White County Tax Bill
$1,541
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Murrayville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30564 | $438 | $774 | $1,684 | $2,287 | $3,237 |
Source: Ownwell