Average Tax Assessment in Monroe County
Real Estate Values and Property Tax Valuation in Monroe County, Georgia
Monroe County has 10,839 properties with a cumulative value of $1.9B, representing 0.24% of all real estate value in Georgia. Property taxes in Monroe County totaled $17.5M, with an average homeowner paying $1,618 in property taxes compared to the state average of $2,360. The average property tax rate in Monroe County is 0.91%, lower than the state average of 1.00%. Properties are typically valued for tax purposes based on their fair market value.
The property tax timeline in Georgia begins on January 1st, when the property values are assessed. Property value notices are then issued between April and July, and property owners have 30 to 45 days after the notices are mailed to file an appeal. Finally, property tax bills are issued on September 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Monroe Clerk | (304) 772-3096 |
| Monroe Recorder of Deeds | (570) 517-3969 |
| Monroe Tax Collector | (305) 295-5010 |
| Monroe Register of Deeds | (608) 269-8716 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - July |
| Property Tax Appeal Deadline: | 30 to 45 days after notices mailed |
| Property Tax Bills Issued: | September 1st |
| Real Property Tax Bill Due (1st of #): | May - December, Varies by jurisdiction, Fulton County - October 15th |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Not Available |
| Charitable | Available |
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Real Estate Statistics in Monroe County
Residential Property Taxes by Cities in Monroe County
Monroe County has an average property tax rate of 0.91%, which is slightly lower than the national average of 1.08%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Monroe County is $1,618. Property tax rates vary across the cities in Monroe County, with Macon having the highest effective property tax rate at 0.97%, and Culloden having the lowest at 0.75%. This means that property owners in Macon will pay more in taxes than those in Culloden. Despite the differences in rates, Monroe County still has a relatively low property tax rate compared to other counties in the state. This makes it an attractive option for those looking to purchase property in the area.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Monroe County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Monroe County.
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
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Real Estate Values in Monroe County
The data from Redfin shows that home prices in Monroe County, Georgia have increased significantly from October 2022 to October 2023. The median home price rose from $346.2K to $404.0K, an increase of 16.68%. This indicates that the housing market in Monroe County is strong and that demand for homes is high. Additionally, the home inventory in Monroe County increased from 97 in October 2022 to 130 in October 2023, indicating that there is an ample supply of homes available for purchase. Overall, the data from Redfin suggests that the housing market in Monroe County is healthy and that home prices are likely to continue to rise in the future.
Average Home Value in Monroe County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Monroe County
Last updated: November 2023
Percent Change in New Home Listings in Monroe County
Last updated: November 2023
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Mortgage Rates in Monroe County
Mortgages in Monroe County are a significant part of the local economy, with a total outstanding loan amount of $618.5 million. This accounts for a significant portion of the total home value in the county, and is indicative of the strong housing market in the area. The number of outstanding loans in Monroe County is 2.6K, which is a testament to the popularity of mortgages in the area.
The median mortgage rate in Monroe County varies across cities, with Culloden having the highest rate at 4.23%, and Forsyth having the lowest rate at 4%. This variation in rates across cities allows borrowers to find the best rate for their needs, and helps to ensure that mortgages remain an attractive option for potential homeowners. Overall, mortgages in Monroe County are an important part of the local economy, and the variation in rates across cities helps to ensure that mortgages remain an attractive option for potential homeowners.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Monroe County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Monroe County.
Housing Expenses in Monroe County, Georgia
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