Molena, Georgia Property Taxes
The median property tax rate in Molena, GA is 1.04%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With a median home value of $94,975, the typical annual property tax bill in Molena amounts to $874, which is significantly lower than the national median of $2,690. Property taxes in Molena are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Molena's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Molena or another part of Upson County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Molena, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
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, Georgia
Property taxes in Molena, Georgia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Molena is 1.04%, which is 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 the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Molena provides valuable insights into the varying tax landscape across Upson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Molena Tax Rate
1.04%
Average Upson County Tax Rate
1.06%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Molena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30258 | 0.30% | 0.66% | 1.04% | 1.24% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Molena, 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 Upson 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 $874, found in the 30258 zip code.
Average Molena Assessed Value
$94,975
Average Upson County Assessed Value
$90,355
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Molena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30258 | $36,460 | $55,270 | $94,975 | $161,929 | $272,203 |
Source: Ownwell
Property Tax Bills Across Molena, Georgia
In Molena, located in Upson County, GA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value typically represents a percentage of the property's market value, reflecting factors such as location, size, and condition. For a home with a median price of $94,975, homeowners can expect their tax bill to vary significantly. At the 25th percentile, the tax bill is around $483, while at the 75th percentile, it rises to approximately $1,610. For those in the 90th percentile, the tax bill can reach up to $2,485. These variations in tax bills impact homeowners differently, influencing their overall housing affordability. Compared to the national median property tax rate of 0.99%, Molena's tax bills reflect the local economic conditions and municipal budget requirements. Homeowners in the zip code 30258, for instance, experience a median tax bill of $874, which is consistent across the area, illustrating a relatively stable property tax environment within the city.
Average Molena Tax Bill
$874
Average Upson County Tax Bill
$932
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Molena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30258 | $172 | $483 | $874 | $1,610 | $2,485 |
Source: Ownwell