Mcdonough, Georgia Property Taxes
The median property tax rate in McDonough, GA is 1.15%, notably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $337,800 in McDonough, the typical annual property tax bill reaches $3,853, far exceeding the national median of $2,690. Property taxes in McDonough are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding McDonough'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 McDonough 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
Mcdonough, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$3,885
$3,773
$1,148
Average Mcdonough, Georgia Tax Savings
Ownwell’s McDonough Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McDonough with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McDonough to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in McDonough. 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 Mcdonough, Georgia
Property taxes in McDonough, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McDonough is 1.15%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within McDonough set these rates annually, and they can vary significantly across different neighborhoods. Each year, McDonough 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 McDonough's effective property tax rate to other areas in Georgia and the national median. For comparison, the 30253 zip code has the highest median property tax rate of 1.20%, while the 30252 zip code has the lowest median tax rate of 1.13%. Understanding how these areas compare with McDonough provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcdonough Tax Rate
1.15%
Average Henry County Tax Rate
1.15%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcdonough, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30252 | 0.24% | 0.84% | 1.13% | 1.50% | 1.55% |
| 30253 | 0.24% | 0.92% | 1.20% | 1.55% | 1.56% |
Source: Ownwell
$1,148
Average Mcdonough Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Mcdonough, Georgia
In McDonough, 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 Henry 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. 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 McDonough helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in McDonough is $3,980 in zip code 30252, while the lowest is $3,727 in zip code 30253.
Average Mcdonough Assessed Value
$337,800
Average Henry County Assessed Value
$317,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcdonough, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30252 | $251,120 | $290,550 | $364,800 | $451,900 | $530,500 |
| 30253 | $216,200 | $271,400 | $322,900 | $380,200 | $451,500 |
Source: Ownwell
$1,148
Average Mcdonough Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Mcdonough, Georgia
In McDonough, property tax bills are calculated based on the assessed value of a home, which is determined by the Henry County tax assessor's office. The assessed value is a percentage of the market value of the property. For example, with a median home price of $337,800, the tax bill can vary significantly. The tax bill at the 25th percentile is $2,381, while at the 75th percentile, it rises to $5,164, and at the 90th percentile, it can reach $6,385. Homeowners in the 30252 zip code face the highest median tax bill at $3,980, while those in the 30253 zip code see a slightly lower median tax bill of $3,727. Several factors, including property improvements and neighborhood developments, influence these values. This can lead to unexpected increases in tax bills, impacting homeowners financially. Ownwell assists homeowners by identifying discrepancies in assessed values and filing appeals to ensure fair taxation. By leveraging local expertise and data-driven analysis, Ownwell helps homeowners potentially save thousands on their property tax bills.
Average Mcdonough Tax Bill
$3,853
Average Henry County Tax Bill
$3,597
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcdonough, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30252 | $844 | $2,425 | $3,980 | $5,438 | $6,764 |
| 30253 | $757 | $2,321 | $3,727 | $4,964 | $5,994 |
Source: Ownwell
$1,148
Average Mcdonough Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 17 |
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
Links | |
|---|---|
| Henry Assessor's Office | |
| Website | qpublic.schneidercorp.com |
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