Good Hope, Morgan County, Georgia Property Taxes
The median property tax rate in Good Hope, 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 Good Hope, the typical annual property tax bill reaches $2,032, which is lower than the national median of $2,690. Property taxes in Good Hope are calculated based on the assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Good Hope'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 Good Hope 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
Good Hope, Morgan County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$2,035
$1,889
Ownwell’s GOOD HOPE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in GOOD HOPE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GOOD HOPE 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 Good Hope, Morgan County, Georgia
Property taxes in Good Hope, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Good Hope is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Good Hope set these rates annually, and they can vary across different neighborhoods. Each year, Good Hope 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 Good Hope's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 30641 has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these values compare with Good Hope 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 Good Hope 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 Good Hope, Morgan County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30641 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Good Hope, Morgan County, Georgia
In Good Hope, 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 Morgan 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 Good Hope, 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. For instance, the median home price in Good Hope is $207,683, with tax bills ranging significantly. The 25th percentile tax bill is $1,090, while the 75th percentile tax bill reaches $3,083. Notably, the highest and lowest median tax bills are both $2,032, found in the 30641 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Good Hope, Morgan County, Georgia
Source: Ownwell
$176,431
$262,335
$348,239
Average Good Hope Assessed Value
$207,683
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 Good Hope, Morgan County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30641 | $67,858 | $114,411 | $207,683 | $317,727 | $456,229 |
Source: Ownwell
Property Tax Bills Across Good Hope, Morgan County, Georgia
In Good Hope, GA, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, the median home price in Good Hope stands at $207,683. Homeowners in the 25th percentile can expect a tax bill around $1,090, while those in the 75th percentile might see bills as high as $3,083. At the 90th percentile, tax bills can reach up to $4,355. Comparatively, the national median property tax rate is 0.99%, making Good Hope's rates competitive. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. However, lower tax rates can make the area more attractive to potential buyers, enhancing its real estate market appeal.
Average Good Hope Tax Bill
$2,032
Average Morgan County Tax Bill
$2,264
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Good Hope, Morgan County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30641 | $664 | $1,090 | $2,032 | $3,083 | $4,355 |
Source: Ownwell