Milledgeville, Georgia Property Taxes
The median property tax rate in Milledgeville, GA is 0.75%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Milledgeville at $288,386, the typical annual property tax bill amounts to $2,005, falling below the national median of $2,690. Property taxes in Milledgeville are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Milledgeville'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 Milledgeville 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
Milledgeville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$2,163
$2,101
Ownwell’s Milledgeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Milledgeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milledgeville 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 Milledgeville, Georgia
Property taxes in Milledgeville, Georgia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Milledgeville is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Milledgeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milledgeville 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 Milledgeville's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31061 has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Milledgeville provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milledgeville Tax Rate
0.75%
Average Putnam County Tax Rate
0.75%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milledgeville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31061 | 0.27% | 0.44% | 0.75% | 0.83% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Milledgeville, Georgia
In Milledgeville, 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 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 Milledgeville, 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. The median home price in Milledgeville is $288,386, with tax bills ranging from $1,241 at the 25th percentile to $4,137 at the 90th percentile. The highest and lowest median tax bills are both recorded at $2,005 in the 31061 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Milledgeville Assessed Value
$288,386
Average Putnam County Assessed Value
$222,449
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milledgeville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31061 | $183,523 | $225,546 | $288,386 | $406,547 | $564,642 |
Source: Ownwell
Property Tax Bills Across Milledgeville, Georgia
In Milledgeville, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Putnam County face varying tax bills depending on the value of their property. For instance, the median home price in Milledgeville is $288,386. Property tax bills can range significantly; the 25th percentile tax bill is $1,241, while the 75th percentile reaches $2,809. For those in the 90th percentile, the tax bill can be as high as $4,137. The tax rate applied to the assessed value determines the final tax bill. This rate can fluctuate based on local government budgets and funding needs for public services such as schools and infrastructure. Compared to the national median property tax rate of 0.99%, Milledgeville's rates can offer a perspective on how local taxes impact homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Milledgeville Tax Bill
$2,005
Average Putnam County Tax Bill
$1,336
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Milledgeville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31061 | $635 | $1,241 | $2,005 | $2,809 | $4,137 |
Source: Ownwell