Albany, Mitchell County, Georgia Property Taxes
Median Albany, GA effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, but lower than the Georgia state median of 1.08%.
Median Albany, GA home value: $55,748
Median annual Albany, GA tax bill: $776, $1,624 lower than the national median property tax bill of $2,400.
How are property taxes in Mitchell County calculated?
Property taxes in Albany, 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 Albany’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Albany, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Albany, Mitchell County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.39%
Estimate Property Tax Bill
$775
$719
Property Tax Rates Across Albany, Mitchell County, Georgia
Local government entities are responsible for setting tax rates, which can vary significantly within Georgia. Each year, counties estimate their required budgets to provide essential services and divide that amount by the total value of all taxable property within their jurisdiction. This results in the property tax rate, a process that involves votes and laws to finalize rates and budgets.
In Albany, located in Mitchell County, the effective property tax rate is 1.39%, which is higher than the national median rate of 1.02%. This rate reflects the county's approach to balancing budgetary needs with property values. Albany’s rate is consistent with the highest and lowest rates within the same zip code, indicating uniformity in the area.
Comparing Albany's rate to other cities in Georgia and the national median offers insight into regional tax burdens. Homeowners in Albany face a higher tax rate, which can impact overall affordability. Understanding these rates can help property owners make informed decisions about appeals and exemptions, potentially leading to significant savings.
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 Albany Tax Rate
1.39%
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 Mitchell County Tax Rate
1.39%
Median Effective Georgia Tax Rate
1.08%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Albany, Mitchell County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31705 | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Albany, Mitchell County, Georgia
When examining property taxes in Albany, 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 Mitchell 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.
In Mitchell 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 Albany. For example, the median home price in Albany is $55,748, with tax bills ranging significantly across the county. The zip code 31705 has the highest median home price at $55,748.
Property Tax Assessment Values Across Albany, Mitchell County, Georgia
Source: Ownwell
$55,748
$90,047
$124,345
Median Albany Market Value
$55,748
Median Mitchell County Market Value
$70,760
Median Georgia Market Value
$231,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Albany, Mitchell County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31705 | $19,836 | $30,394 | $55,748 | $111,602 | $165,609 |
Source: Ownwell
Property Tax Bills Across Albany, Mitchell County, Georgia
Median Albany Tax Bill
$776
Median Mitchell County Tax Bill
$1,122
Median Georgia Tax Bill
$2,212
Median United States Tax Bill
$2,400
Property Tax Bills Across Albany, Mitchell County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31705 | $276 | $423 | $776 | $1,553 | $2,305 |
Source: Ownwell