Midland, Georgia Property Taxes
The median property tax rate in Midland, GA is 1.11%, which is notably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Midland, the typical annual property tax bill amounts to $3,162, surpassing the national median of $2,690. Property taxes in Midland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Midland'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 Midland 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
Midland, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$3,340
$3,244
Ownwell’s Midland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Midland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Midland 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 Midland, Georgia
Property taxes in Midland, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Midland is 1.11%, which is higher than both the Georgia state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Midland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Midland 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 Midland's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31820 zip code has the highest median property tax rate of 1.11%, while the 31820 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Midland provides valuable insights into the varying tax landscape across Harris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Midland Tax Rate
1.11%
Average Harris County Tax Rate
1.11%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Midland, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31820 | 0.98% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Midland, Georgia
In Midland, 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 Harris 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 Midland, 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 Midland 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 31820, with a median bill of $3,162.00, while the lowest is also in the same zip code with a median bill of $3,162.00.
Average Midland Assessed Value
$300,933
Average Harris County Assessed Value
$227,672
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Midland, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31820 | $181,640 | $244,160 | $300,933 | $381,042 | $532,799 |
Source: Ownwell
Property Tax Bills Across Midland, Georgia
In Midland, 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 Midland is $300,933. Local tax authorities then apply the relevant tax rate to this assessed value to determine the annual tax bill. Several factors influence this calculation, including property location, local government budget needs, and applicable exemptions. For homeowners, the 25th percentile tax bill stands at $2,617, while the 75th percentile reaches $4,118. At the higher end, the 90th percentile tax bill can go up to $5,874. Notably, the highest median tax bill in the area is $3,162, found in the 31820 zip code, which is also the lowest median tax bill, indicating a uniform tax rate within that region. These property taxes play a crucial role in funding community services such as schools, public safety, and infrastructure. Homeowners should be aware of these costs as they can significantly impact annual household budgets.
Average Midland Tax Bill
$3,162
Average Harris County Tax Bill
$2,437
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Midland, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31820 | $1,997 | $2,617 | $3,162 | $4,118 | $5,874 |
Source: Ownwell