Midville, Burke County, Georgia Property Taxes
The median property tax rate in Midville, GA is 0.88%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Midville at $65,679, the typical annual property tax bill amounts to $714, significantly below the national median of $2,690. Property taxes in Midville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Grasping the intricacies of Midville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Midville or another part of Burke County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Midville, Burke County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$578
$536
Ownwell’s Midville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Midville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Midville 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 Midville, Burke County, Georgia
Property taxes in Midville, Georgia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Midville is 0.88%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Midville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Midville 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 Midville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30441 zip code has the highest median property tax rate of 0.88%, while the 30441 zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Midville provides valuable insights into the varying tax landscape across Burke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Midville Tax Rate
0.88%
Average Burke County Tax Rate
0.79%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Midville, Burke County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30441 | 0.73% | 0.76% | 0.88% | 1.32% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Midville, Burke County, Georgia
In Midville, 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 Burke 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 Midville, 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 Midville 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 is 30441 with a value of $714, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Midville, Burke County, Georgia
Source: Ownwell
$63,146
$89,540
$115,933
Average Midville Assessed Value
$65,679
Average Burke County Assessed Value
$99,724
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Midville, Burke County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30441 | $11,009 | $29,555 | $65,679 | $133,084 | $284,710 |
Source: Ownwell
Property Tax Bills Across Midville, Burke County, Georgia
In Midville, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $65,679, the assessed value is determined by local tax authorities. Homeowners in Midville can expect their property tax bills to vary widely. The 25th percentile tax bill is around $341, while the 75th percentile reaches up to $1,281, and the 90th percentile can be as high as $2,393. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions. The highest median tax bill recorded in the area is $714, found in zip code 30441, which is relatively modest compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and the overall cost of homeownership in Midville.
Average Midville Tax Bill
$714
Average Burke County Tax Bill
$840
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Midville, Burke County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30441 | $109 | $341 | $714 | $1,281 | $2,393 |
Source: Ownwell