Mauk, Georgia Property Taxes
The median property tax rate in MAUK, GA is 1.07%, slightly higher than the national median of 0.99% but just below the Georgia state median of 1.08%. With the median home value in MAUK at approximately $223,974, the typical annual property tax bill reaches $2,400, which is below the national median of $2,690. Property taxes in MAUK 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. Understanding MAUK'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 MAUK or another part of Schley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mauk, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,397
$2,224
Ownwell’s MAUK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MAUK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MAUK 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 Mauk, Georgia
Property taxes in MAUK, Georgia, play a crucial role in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in MAUK is 1.07%, notably higher than the U.S. national median of 0.99%. Local government entities within MAUK set these rates annually, and they can vary significantly across different neighborhoods. Each year, MAUK 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 MAUK's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 31058 has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with MAUK provides valuable insights into the varying tax landscape across Schley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mauk Tax Rate
1.07%
Average Schley County Tax Rate
1.08%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mauk, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31058 | 0.96% | 1.02% | 1.07% | 1.13% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Mauk, Georgia
In MAUK, 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 Schley 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 MAUK, 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 MAUK 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 in Schley County is 31058, with a median tax bill of $2400.
Average Mauk Assessed Value
$223,974
Average Schley County Assessed Value
$103,374
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mauk, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31058 | $155,004 | $184,368 | $223,974 | $264,033 | $294,214 |
Source: Ownwell
Property Tax Bills Across Mauk, Georgia
Property tax bills in MAUK, located in Schley County, GA, are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $223,974, homeowners in the area can expect property tax bills ranging from $2,055 at the 25th percentile to $2,686 at the 75th percentile, with the 90th percentile reaching up to $2,793. These tax bills are influenced by various factors, including changes in property values, local government budgets, and specific exemptions that homeowners might qualify for. Compared to the national median property tax rate of 0.99%, the rates in MAUK can significantly impact homeowners' finances. Understanding these dynamics is crucial for homeowners to anticipate their annual expenses and plan their budgets accordingly.
Average Mauk Tax Bill
$2,400
Average Schley County Tax Bill
$1,064
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mauk, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31058 | $1,843 | $2,055 | $2,400 | $2,686 | $2,793 |
Source: Ownwell