Molena, Pike County, Georgia Property Taxes
The median property tax rate in Molena, GA is 1.20%, which is considerably higher than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $153,585 in Molena, the typical annual property tax bill reaches $1,900, still below the national median of $2,690. Property taxes in Molena are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Molena'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 Molena or another part of Pike County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Molena, Pike County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,843
$1,710
Ownwell’s Molena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Molena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Molena 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 Molena, Pike County, Georgia
Property taxes in Molena, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Molena is 1.20%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Molena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Molena 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 Molena's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30258 zip code has both the highest and lowest median property tax rate of 1.20%. Understanding how these cities compare with Molena 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 Molena 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 Molena, Pike County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30258 | 1.20% | 1.20% | 1.20% | 1.20% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Molena, Pike County, Georgia
In Molena, 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 Molena, 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 Molena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Molena are both $1900, found in zip code 30258.
Property Tax Assessment Values Across Molena, Pike County, Georgia
Source: Ownwell
$147,205
$182,894
$218,582
Average Molena Assessed Value
$153,585
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 Molena, Pike County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30258 | $55,568 | $87,378 | $153,585 | $239,876 | $348,176 |
Source: Ownwell
Property Tax Bills Across Molena, Pike County, Georgia
In Molena, located in Pike County, GA, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the tax bill. For instance, the median home price in Molena is $153,585. Homeowners in this area see tax bills ranging from the 25th percentile at $1,116 to the 75th percentile at $2,898, with the 90th percentile reaching up to $4,178. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These tax bills can significantly impact homeowners, affecting their annual budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Molena's rates can be considered relatively moderate, though individual experiences may vary based on specific property assessments and local tax policies.
Average Molena Tax Bill
$1,900
Average Pike County Tax Bill
$2,220
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Molena, Pike County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30258 | $685 | $1,116 | $1,900 | $2,898 | $4,178 |
Source: Ownwell