Monroe County, Georgia Property Taxes
The median property tax rate in Monroe County is 0.97%, which is slightly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Monroe County at $140,730, the typical annual property tax bill is approximately $933, considerably below the national median of $2,690. Property taxes in Monroe County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Monroe County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you live in Forsyth or another part of Monroe County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Monroe County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,365
$1,267
Ownwell’s Monroe County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Monroe County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Monroe County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Monroe County, Georgia
Property taxes in Monroe County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Monroe County is 0.97%, which is slightly below the U.S. national median of 0.99%. Local government entities within Monroe County set these rates annually, and they can vary significantly between different areas within the county. Each year, Monroe County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Monroe County's effective property tax rate with other areas and the national median. For comparison, the city of Barnesville has one of the higher property tax rates in the region at 1.12%, while the city of Smarr boasts one of the lowest at 0.78%. Analyzing how Monroe County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Monroe County Tax Rate
0.97%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monroe County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnesville | 0.25% | 0.57% | 1.12% | 1.13% | 2.71% |
| Bolingbroke | N/A | N/A | N/A | N/A | N/A |
| Culloden | 0.29% | 0.53% | 1.12% | 1.13% | 1.13% |
| Forsyth | 0.25% | 0.61% | 1.01% | 1.13% | 1.22% |
| Jackson | 0.37% | 0.68% | 1.12% | 1.13% | 1.13% |
| Juliette | 0.32% | 0.56% | 0.85% | 1.13% | 1.13% |
| Macon | 0.47% | 0.66% | 0.84% | 1.12% | 1.13% |
| Musella | 0.22% | 0.50% | 1.09% | 1.13% | 1.13% |
| Smarr | N/A | N/A | N/A | N/A | N/A |
| Yatesville | 0.38% | 0.54% | 1.12% | 1.12% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Monroe County, Georgia
In Monroe County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Monroe County Appraisal District. The assessed value, however, 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. Assessment notices in Monroe County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Monroe County, the highest median tax bill is found in Bolingbroke at $3,160, while the lowest is in Smarr at $467. Being aware of these valuation processes in Monroe County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Monroe County Assessed Value
$140,730
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Monroe County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnesville | $10,200 | $47,898 | $75,425 | $132,150 | $183,840 |
| Bolingbroke | N/A | N/A | N/A | N/A | N/A |
| Culloden | $13,199 | $36,100 | $85,275 | $200,868 | $368,347 |
| Forsyth | $26,412 | $54,700 | $122,800 | $256,900 | $414,680 |
| Jackson | $22,425 | $46,290 | $93,645 | $179,488 | $264,500 |
| Juliette | $21,540 | $71,825 | $147,650 | $229,375 | $340,550 |
| Macon | $72,237 | $167,500 | $239,405 | $335,282 | $572,370 |
| Musella | $28,355 | $56,882 | $103,730 | $158,335 | $269,630 |
| Smarr | N/A | N/A | N/A | N/A | N/A |
| Yatesville | $41,301 | $69,432 | $134,265 | $192,920 | $283,990 |
Source: Ownwell
Property Tax Bills Across Monroe County, Georgia
In Monroe County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Monroe County is $140,730. Homeowners' tax bills can vary significantly, ranging from the 25th percentile at $442 to the 75th percentile at $2,058, and even reaching the 90th percentile at $3,671. These tax amounts are influenced by several factors, including property size, location, and any applicable exemptions. For comparison, Monroe County's property tax rates can be quite varied. The lowest median tax bill in the region is in Smarr at $467, while the highest is in Bolingbroke at $3,160. These variations affect homeowners differently, with lower-value properties generally bearing a lighter tax burden. Understanding how these factors interplay helps homeowners anticipate their annual property tax obligations and plan accordingly. With the national median property tax rate at 0.99%, Monroe County's rates reflect a broad spectrum of tax responsibilities for its residents.
Average Monroe County Tax Bill
$933
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Monroe County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnesville | $157 | $330 | $598 | $1,008 | $1,756 |
| Bolingbroke | N/A | N/A | N/A | N/A | N/A |
| Culloden | $147 | $303 | $588 | $1,325 | $2,467 |
| Forsyth | $143 | $404 | $828 | $2,029 | $3,759 |
| Jackson | $190 | $384 | $747 | $1,321 | $2,350 |
| Juliette | $162 | $458 | $949 | $1,751 | $2,793 |
| Macon | $436 | $1,007 | $1,832 | $3,004 | $5,649 |
| Musella | $147 | $300 | $738 | $1,195 | $1,633 |
| Smarr | N/A | N/A | N/A | N/A | N/A |
| Yatesville | $351 | $541 | $924 | $1,579 | $2,215 |
Source: Ownwell