Bishop, Morgan County, Georgia Property Taxes
The median property tax rate in Bishop, GA is 0.98%, slightly below both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Bishop at $236,209, the typical annual property tax bill reaches $2,347, which is less than the national median of $2,690. Property taxes in Bishop are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bishop'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 Bishop 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
Bishop, Morgan County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$2,315
$2,148
Ownwell’s Bishop Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bishop with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bishop 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 Bishop, Morgan County, Georgia
Property taxes in Bishop, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bishop is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Bishop set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bishop 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 Bishop's effective property tax rate to other areas within Morgan County and the national median. For comparison, the zip code 30621 has both the highest and lowest median property tax rate in Morgan County, which is also 0.98%. Understanding how these areas compare with Bishop provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bishop Tax Rate
0.98%
Average Morgan County Tax Rate
0.98%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bishop, Morgan County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30621 | 0.98% | 0.98% | 0.98% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Bishop, Morgan County, Georgia
In Bishop, 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 local county 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 Bishop, 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 Bishop helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bishop is $2,347 in the 30621 zip code, which is also the lowest.
Property Tax Assessment Values Across Bishop, Morgan County, Georgia
Source: Ownwell
$176,431
$262,335
$348,239
Average Bishop Assessed Value
$236,209
Average Morgan County Assessed Value
$223,250
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bishop, Morgan County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30621 | $77,090 | $124,457 | $236,209 | $386,557 | $538,920 |
Source: Ownwell
Property Tax Bills Across Bishop, Morgan County, Georgia
In Bishop, located in Morgan County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. The assessed value is typically a percentage of the property's market value. For instance, with a median home price of $236,209, the assessed value is a portion of this figure. Homeowners then multiply the assessed value by the local tax rate to determine their annual property tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. In Bishop, the 25th percentile tax bill is around $1,264, while the 75th percentile reaches $3,779, and the 90th percentile can be as high as $5,287. These variations highlight how property values and local tax rates impact the amount homeowners pay. Compared to the national median property tax rate of 0.99%, Bishop’s rates can result in significantly different tax bills, affecting homeowners' financial planning and overall cost of living.
Average Bishop Tax Bill
$2,347
Average Morgan County Tax Bill
$2,264
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Bishop, Morgan County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30621 | $759 | $1,264 | $2,347 | $3,779 | $5,287 |
Source: Ownwell