Milner, Georgia Property Taxes
The median property tax rate in Milner, GA is 1.20%, which is significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $198,076 in Milner, the typical annual property tax bill amounts to $2,342, which is below the national median of $2,690. Property taxes in Milner are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Milner's property tax system and exploring available exemptions, homeowners and real estate investors can identify opportunities for reductions and achieve substantial annual savings. Whether you reside in Milner or another part of Pike County, gaining insight into the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Milner, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,377
$2,309
Ownwell’s Milner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Milner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milner 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 Milner, Georgia
Property taxes in Milner, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milner is 1.20%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Milner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milner 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 Milner's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30257 zip code has the highest median property tax rate of 1.20%, while the 30257 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Milner provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milner Tax Rate
1.20%
Average Pike County Tax Rate
1.20%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milner, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30257 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Milner, Georgia
In Milner, 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 Pike 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 Milner, 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 Milner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Milner is $198,076, with the highest median tax bill of $2,342 found in zip code 30257.
Average Milner Assessed Value
$198,076
Average Pike County Assessed Value
$183,516
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milner, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30257 | $82,805 | $132,770 | $198,076 | $286,496 | $410,298 |
Source: Ownwell
Property Tax Bills Across Milner, Georgia
In Milner, located in Pike County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region see their tax bills influenced by several factors, including property assessments, local tax rates, and applicable exemptions. The median home price in Milner is $198,076, and the property tax rate in the area is relatively close to the national median of 0.99%. For homeowners, tax bills can vary significantly. For example, those in the 25th percentile can expect to pay around $1,581 annually, while those in the 75th percentile might see bills as high as $3,400. The 90th percentile tax bill can reach up to $4,749. This variation underscores the importance of accurate property assessments and understanding local tax policies. Homeowners in the highest and lowest median tax bill zip codes, both at $2,342, should be particularly mindful of how these factors impact their annual expenses.
Average Milner Tax Bill
$2,342
Average Pike County Tax Bill
$2,220
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Milner, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30257 | $977 | $1,581 | $2,342 | $3,400 | $4,749 |
Source: Ownwell