Morgan, Georgia Property Taxes
The median property tax rate in Morgan, GA is 1.39%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Morgan, the typical annual property tax bill reaches $1,014, exceeding the national median of $2,690. Property taxes in Morgan 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 Morgan'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 Morgan 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
Morgan, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$965
$895
Ownwell’s Morgan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morgan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morgan 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 Morgan, Georgia
Property taxes in Morgan, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morgan is 1.39%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Morgan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morgan 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 Morgan's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 39866 has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these areas compare with Morgan provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morgan Tax Rate
1.39%
Average Calhoun County Tax Rate
1.83%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morgan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39866 | 1.35% | 1.38% | 1.39% | 1.55% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Morgan, Georgia
In Morgan, 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 Morgan 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 Morgan, 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. For instance, the median home price in Morgan is $69,408, with tax bills ranging from $561 at the 25th percentile to $4,633 at the 90th percentile. The highest and lowest median tax bills in the area both stand at $1,014 in the 39866 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage their tax burden.
Average Morgan Assessed Value
$69,408
Average Calhoun County Assessed Value
$50,327
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morgan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39866 | $17,224 | $38,380 | $69,408 | $112,466 | $334,530 |
Source: Ownwell
Property Tax Bills Across Morgan, Georgia
In Morgan, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Morgan is $69,408. To determine the tax bill, the assessed value is multiplied by the local tax rate. Homeowners in Morgan can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. For example, the 25th percentile tax bill is around $561, while the 75th percentile tax bill reaches $1,694, and the 90th percentile tax bill can be as high as $4,633. These figures indicate a significant range, reflecting differences in property values and possibly the application of exemptions or other factors. Compared to the national median property tax rate of 0.99%, the tax rates in Morgan might appear more favorable or burdensome depending on individual circumstances. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Morgan Tax Bill
$1,014
Average Calhoun County Tax Bill
$866
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Morgan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39866 | $241 | $561 | $1,014 | $1,694 | $4,633 |
Source: Ownwell