Meridian, Georgia Property Taxes
The median property tax rate in Meridian, GA is 0.60%, considerably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Meridian, the typical annual property tax bill is $1,481, significantly below the national median of $2,690. Property taxes in Meridian 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 Meridian'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 Meridian 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
Meridian, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,483
$1,376
Ownwell’s Meridian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meridian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meridian 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 Meridian, Georgia
Property taxes in Meridian, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meridian is 0.60%, lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Meridian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meridian 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 Meridian's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31319 zip code has the highest median property tax rate of 0.60%, while the same 31319 zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Meridian provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meridian Tax Rate
0.60%
Average Mcintosh County Tax Rate
1.11%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meridian, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31319 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Meridian, Georgia
In Meridian, 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 McIntosh 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 Meridian, 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 Meridian helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Meridian are both $1481, found in the zip code 31319.
Average Meridian Assessed Value
$247,210
Average Mcintosh County Assessed Value
$120,250
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meridian, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31319 | $247,210 | $247,210 | $247,210 | $247,210 | $247,210 |
Source: Ownwell
Property Tax Bills Across Meridian, Georgia
In Meridian, located in McIntosh County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For example, with the median home price at $247,210, homeowners can expect tax bills around $1,481, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity highlights a stable tax environment within the city. Several factors influence the tax bill, including property type, exemptions, and local government budgets. Homeowners in Meridian benefit from a relatively low and predictable property tax rate, especially when compared to the national median property tax rate of 0.99%. This can make owning property in Meridian more affordable and financially manageable, providing a sense of security and predictability for residents. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Meridian Tax Bill
$1,481
Average Mcintosh County Tax Bill
$994
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Meridian, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31319 | $1,481 | $1,481 | $1,481 | $1,481 | $1,481 |
Source: Ownwell