Musella, Georgia Property Taxes
The median property tax rate in Musella, GA is 1.09%, slightly higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Musella at $103,730, the typical annual property tax bill comes to $738, which is significantly lower than the national median of $2,690. Property taxes in Musella are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Musella'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 Musella or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Musella, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,131
$1,049
Ownwell’s Musella Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Musella with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Musella to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in observing trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Musella, Georgia
Property taxes in Musella, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Musella is 1.09%, higher than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Musella set these rates annually, and they can vary significantly across different neighborhoods. Each year, Musella 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 Musella's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31066 zip code has the highest median property tax rate of 1.09%, while the 31066 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Musella provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Musella Tax Rate
1.09%
Average Monroe County Tax Rate
0.97%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Musella, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31066 | 0.22% | 0.50% | 1.09% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Musella, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Musella, Georgia. 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 Monroe 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 Musella, 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 Musella helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 31066 has both the highest and lowest median tax bill at $738.
Average Musella Assessed Value
$103,730
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 Musella, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31066 | $28,355 | $56,882 | $103,730 | $158,335 | $269,630 |
Source: Ownwell
Property Tax Bills Across Musella, Georgia
In Musella, Monroe County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by county assessors. The assessed value is typically a percentage of the property's market value. For instance, with a median home price of $103,730, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $300, while those in the 75th percentile might see bills up to $1,195. At the 90th percentile, tax bills can reach $1,633. These tax bills are influenced by local tax rates and any applicable exemptions or deductions. The highest and lowest median tax bills in the area both stand at $738, highlighting some consistency in tax assessments within the zip code 31066. Compared to the national median property tax rate of 0.99%, Musella's rates can be relatively favorable for homeowners, offering some relief in annual property tax expenses. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Musella Tax Bill
$738
Average Monroe County Tax Bill
$933
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Musella, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31066 | $147 | $300 | $738 | $1,195 | $1,633 |
Source: Ownwell