Average Tax Assessment in Murray County
Real Estate Values and Property Tax Valuation in Murray County, Georgia
Murray County has 11,628 properties with a cumulative value of $1.8B, representing 0.22% of all real estate value in Georgia. Property taxes in Murray County totaled $14.0M, with an average homeowner paying $1,208 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Murray County is 0.78%, compared to the state average of 1.00%. Property taxes are based on the assessed value of the property, which is typically lower than the 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 | |
|---|---|
| Murray Assessor | (507) 836-6163 |
| Murray Assessor | (706) 517-1400 2 |
| Murray Assessor | (580) 622-3433 |
| Murray Auditor/Treasurer | (507) 836-6148 |
| 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 Murray County
Residential Property Taxes by Cities in Murray County
Murray County has an average property tax rate of 0.78%, which is slightly higher than the national average of 0.72%. Property taxes in Murray County are collected by the county government and are used to fund public services such as schools, roads, and public safety. The average Murray County property tax bill is $1,208, which is slightly higher than the national average of $1,192.
Property tax rates in Murray County vary across the cities. Chatsworth has the highest effective property tax rate at 0.77%, while Resaca has the lowest effective property tax rate at 0.71%. This means that property owners in Chatsworth will pay slightly more in property taxes than those in Resaca. However, the difference in rates is relatively small, so the overall impact on property owners is minimal.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Murray 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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chatsworth | $31,458 | $60,100 | $127,500 | $174,600 | $245,200 |
| Crandall | $30,875 | $56,714 | $110,720 | $178,215 | $274,506 |
| Dalton | $20,006 | $36,740 | $95,832 | $161,608 | $237,970 |
| Resaca | $25,852 | $41,031 | $92,400 | $154,855 | $239,166 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Murray County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chatsworth | $189 | $356 | $860 | $1,451 | $1,993 |
| Crandall | $176 | $324 | $714 | $1,311 | $2,063 |
| Dalton | $140 | $251 | $576 | $1,221 | $1,733 |
| Resaca | $143 | $250 | $544 | $1,152 | $1,812 |
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.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chatsworth | 0.60% | 0.59% | 0.67% | 0.83% | 0.81% |
| Crandall | 0.57% | 0.57% | 0.64% | 0.74% | 0.75% |
| Dalton | 0.70% | 0.68% | 0.60% | 0.76% | 0.73% |
| Resaca | 0.55% | 0.61% | 0.59% | 0.74% | 0.76% |
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Real Estate Values in Murray County
The data from Redfin shows that the median home price in Murray County, Georgia has increased by 14.17% from October 2022 to October 2023. This indicates that the housing market in Murray County is experiencing strong growth. Additionally, the home inventory in Murray County has also increased significantly, from 43 in October 2022 to 76 in October 2023, suggesting that there is an increased demand for housing in the area.
Average Home Value in Murray County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Murray County
Last updated: November 2023
Percent Change in New Home Listings in Murray County
Last updated: November 2023
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Mortgage Rates in Murray County
Murray County is home to a large number of outstanding home mortgages, with a total outstanding loan amount of $302.2M. This represents a significant portion of the total home value in the county, indicating that many residents are taking advantage of the available mortgage options. Furthermore, there are approximately 2.5K outstanding loans in the county, indicating that the mortgage market is active and competitive.
The median mortgage rate in Murray County varies across cities, with Dalton having the highest rate at 4.17% and Crandall having the lowest rate at 4.08%. This variation in rates is indicative of the competitive nature of the mortgage market in the county, as lenders are competing to offer the best rates to potential borrowers. Overall, the mortgage market in Murray County is strong and provides a variety of options for potential borrowers.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Murray County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chatsworth | $48,007 | $69,278 | $101,242 | $148,669 | $207,495 |
| Crandall | $36,869 | $63,066 | $105,798 | $157,825 | $229,520 |
| Dalton | $42,955 | $69,000 | $99,617 | $144,009 | $287,053 |
| Resaca | $52,808 | $66,725 | $106,958 | $152,729 | $204,677 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Murray County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chatsworth | 2.90% | 3.50% | 4.10% | 4.92% | 6.13% |
| Crandall | 2.97% | 3.50% | 4.08% | 5.10% | 6.15% |
| Dalton | 2.90% | 3.44% | 4.17% | 5.50% | 6.25% |
| Resaca | 2.96% | 3.69% | 4.16% | 5.61% | 6.23% |
Housing Expenses in Murray County, Georgia
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