Millen, Georgia Property Taxes
The median property tax rate in Millen, GA is 1.02%, slightly above the national median of 0.99% but below the Georgia state median of 1.08%. With the median home value in Millen at $53,800, the typical annual property tax bill is $545, which is significantly lower than the national median of $2,690. Property taxes in Millen are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Millen'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 Millen or another part of Jenkins County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Millen, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$549
$533
Ownwell’s Millen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millen 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 Millen, Georgia
Property taxes in Millen, Georgia, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Millen is 1.02%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Millen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millen 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 Millen's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30442 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Millen provides valuable insights into the varying tax landscape across Jenkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Millen Tax Rate
1.02%
Average Jenkins County Tax Rate
1.02%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millen, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30442 | 0.62% | 0.92% | 1.02% | 1.15% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Millen, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Millen, Georgia. 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 Jenkins 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 Millen, 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. In Millen, the median home price is $53,800, with tax bills ranging from $294 at the 25th percentile to $1,713 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 30442, at $545. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Millen Assessed Value
$53,800
Average Jenkins County Assessed Value
$55,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Millen, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30442 | $13,799 | $28,479 | $53,800 | $105,625 | $200,770 |
Source: Ownwell
Property Tax Bills Across Millen, Georgia
In Millen, located in Jenkins County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The median home price in Millen is $53,800. The property tax rate in this region is a crucial factor in determining the final tax bill. The tax bill can vary significantly, with the 25th percentile at $294 and the 75th percentile reaching $1,053. For those at the 90th percentile, tax bills can go up to $1,713. The property tax rate in Millen is relatively moderate compared to the national median property tax rate of 0.99%. This means that homeowners in Millen generally pay less in property taxes than the national average. However, the exact amount each homeowner pays will depend on the assessed value of their property and any applicable exemptions. Understanding these factors can help homeowners better anticipate their annual property tax obligations and manage their finances more effectively.
Average Millen Tax Bill
$545
Average Jenkins County Tax Bill
$562
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Millen, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30442 | $141 | $294 | $545 | $1,053 | $1,713 |
Source: Ownwell