Milner, Georgia Property Taxes
The median property tax rate in Milner, GA is 1.27%, notably higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Milner at $195,478, the typical annual property tax bill reaches $2,481, which is still below the national median of $2,690. Property taxes in Milner 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 Milner'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 Milner 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
Milner, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$2,483
$2,411
Ownwell’s Milner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Milner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milner 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 Milner, Georgia
Property taxes in Milner, Georgia, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Milner is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Milner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milner 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 Milner's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30257 zip code has both the highest and lowest median property tax rate of 1.27%. Understanding how these cities compare with Milner provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milner Tax Rate
1.27%
Average Lamar County Tax Rate
1.27%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milner, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30257 | 1.27% | 1.27% | 1.27% | 1.27% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Milner, Georgia
In Milner, 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 Lamar 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 Milner, 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 Milner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Milner is $2,481 in the 30257 zip code, while the lowest is also $2,481 in the same zip code.
Average Milner Assessed Value
$195,478
Average Lamar County Assessed Value
$156,221
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milner, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30257 | $24,044 | $102,060 | $195,478 | $274,490 | $377,954 |
Source: Ownwell
Property Tax Bills Across Milner, Georgia
In Milner, located in Lamar County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Milner can expect their property tax bills to vary significantly, reflecting the diverse property values in the area. The median home price in Milner stands at $195,478, and property tax bills can range widely. For instance, the 25th percentile tax bill is $1,322, while the 75th percentile reaches $3,435, and the 90th percentile goes up to $4,718. Factors that influence these tax bills include the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the property taxes in Milner can be seen as relatively variable, depending on the specific property. Homeowners need to be aware of these factors as they directly impact their annual financial obligations, making it crucial to understand how their specific tax bill is determined.
Average Milner Tax Bill
$2,481
Average Lamar County Tax Bill
$2,035
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Milner, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30257 | $313 | $1,322 | $2,481 | $3,435 | $4,718 |
Source: Ownwell