Montezuma, Georgia Property Taxes
The median property tax rate in Montezuma, GA is 1.70%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Montezuma at $54,266, the typical annual property tax bill reaches $799, exceeding the national median of $2,690. Property taxes in Montezuma 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 Montezuma'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 Montezuma 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
Montezuma, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$923
$896
Ownwell’s Montezuma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montezuma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montezuma 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 Montezuma, Georgia
Property taxes in Montezuma, Georgia, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Montezuma is 1.70%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Montezuma set these rates annually, and they can vary across different neighborhoods. Each year, Montezuma 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 Montezuma's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 31063 has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how Montezuma compares with other areas provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Montezuma Tax Rate
1.70%
Average Macon County Tax Rate
1.60%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montezuma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31063 | 1.16% | 1.16% | 1.70% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Montezuma, Georgia
In Montezuma, 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 Macon 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 Montezuma, 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 Montezuma 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 in Montezuma is 31063, with a median tax bill of $799.
Average Montezuma Assessed Value
$54,266
Average Macon County Assessed Value
$51,453
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Montezuma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31063 | $7,934 | $26,252 | $54,266 | $95,527 | $186,289 |
Source: Ownwell
Property Tax Bills Across Montezuma, Georgia
In Montezuma, located in Macon County, GA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county tax assessor and typically represents a percentage of the property's market value. Homeowners in Montezuma can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $384, while the 75th percentile reaches $1,482. At the higher end, the 90th percentile tax bill is $2,860. The median home price in Montezuma is $54,266, which is relatively low compared to national figures. This lower market value contributes to the generally lower property tax bills in the area. However, the tax rate in Montezuma is not explicitly stated but can be inferred to be somewhat aligned with the national median property tax rate of 0.99%. Homeowners should be aware that their tax bills can fluctuate based on changes in property assessments and local tax rates. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Montezuma Tax Bill
$799
Average Macon County Tax Bill
$732
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Montezuma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31063 | $116 | $384 | $799 | $1,482 | $2,860 |
Source: Ownwell