Tennga, Georgia Property Taxes
The median property tax rate in TENNGA, GA is 0.96%, slightly below the national median of 0.99% and lower than the Georgia state median of 1.08%. With the median home value in TENNGA at $68,020, the typical annual property tax bill amounts to $653, which is significantly less than the national median of $2,690. Property taxes in TENNGA are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Familiarizing yourself with TENNGA's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of TENNGA or another part of Murray County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tennga, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$653
$634
Ownwell’s TENNGA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TENNGA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TENNGA 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 Tennga, Georgia
Property taxes in TENNGA, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in TENNGA is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within TENNGA set these rates annually, and they can vary significantly across different neighborhoods. Each year, TENNGA 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 TENNGA's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30751 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with TENNGA provides valuable insights into the varying tax landscape across Murray County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tennga Tax Rate
0.96%
Average Murray County Tax Rate
0.96%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tennga, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30751 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Tennga, Georgia
In TENNGA, 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 Murray 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 TENNGA, 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 TENNGA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 30751, both at $653.
Average Tennga Assessed Value
$68,020
Average Murray County Assessed Value
$151,210
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tennga, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30751 | $68,020 | $68,020 | $68,020 | $68,020 | $68,020 |
Source: Ownwell
Property Tax Bills Across Tennga, Georgia
In TENNGA, located in Murray County, GA, property tax bills are calculated based on the assessed value of a home, which typically represents a percentage of the property's market value. The median home price in TENNGA is $68,020. Property taxes are then determined by applying the local tax rate to this assessed value. For instance, homeowners in TENNGA can expect a median tax bill of $653, which is consistent across various percentiles, indicating a stable tax environment. Several factors influence the tax bill, including property size, location, and any applicable exemptions. These taxes fund essential community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, TENNGA's tax rate provides a relatively predictable and manageable expense for homeowners. This stability in property tax bills helps homeowners budget more effectively and contributes to the overall appeal of living in TENNGA.
Average Tennga Tax Bill
$653
Average Murray County Tax Bill
$1,415
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Tennga, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30751 | $653 | $653 | $653 | $653 | $653 |
Source: Ownwell