Average Tax Assessment in Morgan County
Real Estate Values and Property Tax Valuation in Morgan County, Georgia
Morgan County has a total of 7,377 properties with a cumulative value of $1.9B, representing 0.24% of all real estate value in Georgia. The average property tax rate in Morgan County is 0.90%, lower than the state average of 1.00%. Property taxes in Morgan County totaled $16.9M, with the average homeowner paying $2,294 in property taxes compared to the state average of $2,360. Property taxes are based on the assessed value of the property, which is determined by the local tax assessor.
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 | |
|---|---|
| Morgan Clerk | (304) 258-8547 |
| Morgan Recorder | (970) 542-3521 |
| Morgan Treasurer | (801) 845-4030 |
| Morgan Revenue Commission | (256) 351-4690 |
| 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 Morgan County
Residential Property Taxes by Cities in Morgan County
Morgan County has an average property tax rate of 0.90%, which is slightly lower than the state average of 0.92%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Morgan County are collected by the county government and are used to fund public services such as schools, roads, and public safety.
Property tax rates in Morgan County vary across the cities, with Madison having the highest effective rate at 0.91%, and Bishop having the lowest at 0.84%. The difference in rates is due to the different assessed values of properties in each city. Property owners in Madison pay slightly more in taxes than those in Bishop, but the difference is not significant. Overall, Morgan County has a relatively low property tax rate compared to other counties in the state.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Morgan 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 Morgan 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 Morgan County
The data from Redfin shows that the median home price in Morgan County, Georgia decreased by 5.56% from October 2022 to October 2023. This indicates that the housing market in Morgan County is cooling off. Additionally, the home inventory in Morgan County decreased by 46.5% from October 2022 to October 2023, indicating that there is less housing available for purchase in the area. This could be due to a decrease in demand for housing in the area or a decrease in the number of homes being built.
Average Home Value in Morgan County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Morgan County
Last updated: November 2023
Percent Change in New Home Listings in Morgan County
Last updated: November 2023
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Mortgage Rates in Morgan County
Morgan County has a total outstanding loan amount of $362.9 million across home mortgages. This represents 1.7 thousand outstanding loans in the county. The median mortgage rate in Morgan County varies across cities, with Madison having the highest median mortgage rate of 3.95%, and Bishop having the lowest median mortgage rate of 3.79%. This difference of 0.16% in median mortgage rates across cities in Morgan County is relatively small.
The total outstanding loan amount of $362.9 million in Morgan County is equivalent to approximately 10.5% of the total home value in the county. This indicates that the majority of homeowners in Morgan County are able to afford their mortgages. The variation in median mortgage rates across cities in Morgan County is relatively small, indicating that the market for mortgages in the county is relatively stable.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Morgan County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Morgan County.
Housing Expenses in Morgan County, Georgia
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