Mershon, Georgia Property Taxes
The median property tax rate in Mershon, GA is 0.93%, which is slightly below the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Mershon at $126,750, the typical annual property tax bill amounts to $1,048, which is significantly lower than the national median of $2,690. Property taxes in Mershon are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mershon'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 Mershon 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
Mershon, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,179
$1,145
Ownwell’s Mershon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mershon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mershon 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 Mershon, Georgia
Property taxes in Mershon, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mershon is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within Mershon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mershon 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 Mershon's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31551 has both the highest and lowest median property tax rate in Bacon County, standing at 0.93%. Understanding how these cities compare with Mershon provides valuable insights into the varying tax landscape across Bacon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mershon Tax Rate
0.93%
Average Bacon County Tax Rate
1.04%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mershon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31551 | 0.75% | 0.78% | 0.93% | 1.06% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Mershon, Georgia
In Mershon, 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 Bacon 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 Mershon, 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 Mershon 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 in Mershon is 31551, with a median tax bill of $1,048. This is significantly lower than the national median property tax rate of 0.99%.
Average Mershon Assessed Value
$126,750
Average Bacon County Assessed Value
$95,100
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mershon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31551 | $30,169 | $46,292 | $126,750 | $255,975 | $431,259 |
Source: Ownwell
Property Tax Bills Across Mershon, Georgia
In Mershon, located in Bacon County, GA, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. For example, with a median home price of $126,750, homeowners can expect a range of tax bills depending on specific circumstances and exemptions. Factors considered in determining the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The 25th percentile tax bill in Mershon is $440, while the 75th percentile tax bill is $2,123, reflecting the variability based on property value and exemptions. At the 90th percentile, homeowners may see tax bills as high as $3,864. These property taxes are crucial for funding local services, such as schools, infrastructure, and public safety. Homeowners in Mershon should be aware of these factors to better understand their tax obligations and potential opportunities for appeals or exemptions.
Average Mershon Tax Bill
$1,048
Average Bacon County Tax Bill
$871
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mershon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31551 | $308 | $440 | $1,048 | $2,123 | $3,864 |
Source: Ownwell