Nicholson, Madison County, Georgia Property Taxes

Name: Property Tax Bills Across Nicholson, Madison County, Georgia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Nicholson, GA effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Georgia state median of 1.08%. Median Nicholson, GA home value: $209,848. Median annual Nicholson, GA tax bill: $2,597, $197 higher than the national median property tax bill of $2,400.

How are property taxes in Madison County calculated?

Property taxes in Nicholson, GA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Nicholson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nicholson, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Nicholson, Madison County, Georgia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$2,560

$2,376

Ownwell’s Nicholson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Nicholson with just two data points. By entering your property's estimated assessed value, our calculator applies Nicholson’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Madison County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Nicholson, Madison County, Georgia

Local government entities in Georgia, including those in Nicholson, Madison County, set property tax rates based on their annual budget needs. Each year, the county estimates the budget required to provide public services and divides this by the total assessed value of all taxable properties within its jurisdiction. This calculation results in the property tax rate for the area. The process involves votes and laws, but this is essentially how it works annually.

When comparing Nicholson's effective property tax rate to other cities in Georgia, it's interesting to note that it aligns with both the highest and lowest median tax rates in the state, recorded at 1.22% in the 30565 zip code. This rate is notably higher than the national median property tax rate of 1.02%. Such comparisons highlight the variability in property tax rates not only within Georgia but also in relation to national figures. Understanding these differences can be crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Nicholson, Madison County, Georgia

Source: Ownwell

1.22%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Nicholson Tax Rate

1.22%

Median Effective Madison County Tax Rate

1.22%

Median Effective Georgia Tax Rate

1.08%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Nicholson, Madison County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
30565	1.22%	1.22%	1.22%	1.22%	1.22%

Source: Ownwell

Property Tax Assessment Values Across Nicholson, Madison County, Georgia

When examining property taxes in Nicholson, GA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Madison County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Madison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Nicholson. For example, the median home price in Nicholson is $209,848, with tax bills ranging significantly across the county. 30565 has the highest median home price at $209,848.

Property Tax Assessment Values Across Nicholson, Madison County, Georgia

Source: Ownwell

$104,107

$193,329

$282,550

Median Nicholson Market Value

$209,848

Median Madison County Market Value

$186,937

Median Georgia Market Value

$231,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Nicholson, Madison County, Georgia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
30565	$58,056	$116,774	$209,848	$275,960	$442,735

Source: Ownwell

Property Tax Bills Across Nicholson, Madison County, Georgia

In Nicholson, located in Madison County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value, determining the annual tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value, impacting the tax bill homeowners receive. In Nicholson, the median property tax bill stands at $2,597, slightly above the national median of $2,400. Homeowners in the 25th percentile pay around $1,512, while those in the 75th percentile face bills of approximately $3,399, and those in the 90th percentile see bills as high as $5,460. These figures highlight the variability in tax bills based on property value and location. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By leveraging expert knowledge of local tax codes and assessment practices, Ownwell helps reduce the financial burden of property taxes for Nicholson residents.

Property Tax Bills Across Nicholson, Madison County, Georgia

Source: Ownwell

$1,334

$2,392

$3,450

Median Nicholson Tax Bill

$2,597

Median Madison County Tax Bill

$2,406

Median Georgia Tax Bill

$2,212

Median United States Tax Bill

$2,400

Property Tax Bills Across Nicholson, Madison County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
30565	$830	$1,512	$2,597	$3,399	$5,460

Source: Ownwell