Montrose, Georgia Property Taxes
The median property tax rate in Montrose, GA is 1.28%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Montrose at $66,222, the typical annual property tax bill reaches $804, which is still below the national median of $2,690. Property taxes in Montrose 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 Montrose'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 Montrose 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
Montrose, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$848
$823
Ownwell’s Montrose Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Montrose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montrose to provide an estimated 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 Montrose, Georgia
Property taxes in Montrose, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montrose is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Montrose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montrose 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 Montrose's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31065 has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Montrose provides valuable insights into the varying tax landscape across Wilkinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Montrose Tax Rate
1.28%
Average Wilkinson County Tax Rate
1.36%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montrose, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31065 | 0.72% | 1.03% | 1.28% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Montrose, Georgia
In Montrose, 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 Wilkinson 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 Montrose, 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 Montrose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Montrose is $804 in the 31065 zip code, while the lowest median tax bill is also $804 in the same zip code.
Average Montrose Assessed Value
$66,222
Average Wilkinson County Assessed Value
$56,049
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montrose, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31065 | $13,966 | $37,400 | $66,222 | $131,138 | $158,142 |
Source: Ownwell
Property Tax Bills Across Montrose, Georgia
In Montrose, located in Wilkinson County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Montrose is $66,222. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill in Montrose is $385, while the 75th percentile tax bill is $1,189, showing a significant range depending on property values and individual circumstances. For homeowners, these property taxes fund essential services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Montrose's rates can vary, affecting the overall financial burden on homeowners. The highest median tax bill recorded in the area is $804, indicating the upper range of what residents might expect to pay. Understanding these factors can help homeowners anticipate their property tax obligations more accurately.
Average Montrose Tax Bill
$804
Average Wilkinson County Tax Bill
$637
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Montrose, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31065 | $153 | $385 | $804 | $1,189 | $1,901 |
Source: Ownwell