Monroe, Walton County, Georgia Property Taxes
Median Monroe, GA effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, and higher than the Georgia state median of 1.00%.
Median Monroe, GA home value: $315,400
Median annual Monroe, GA tax bill: $2,824, $424 higher than the national median property tax bill of $2,400.
How are property taxes in Walton calculated?
Property taxes in Monroe, GA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Monroe's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monroe, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Monroe, Walton County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$3,249
$3,015
Property Tax Rates Across Monroe, Walton County, Georgia
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Monroe, located in Walton County, GA, the effective property tax rate is a crucial figure for homeowners. Monroe's property tax rate is higher than the national median of 1.02%, reflecting the county's need to meet its budgetary requirements. This rate is also higher than some other areas within the state, such as the zip code 30656, where the rate is 0.97%. However, it remains competitive compared to the highest rate in the state, which is 1.10% in zip code 30655. Understanding these rates can help property owners in Monroe make informed financial decisions and consider potential savings through appealing or seeking exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Monroe Tax Rate
1.03%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Walton County Tax Rate
1.04%
Median Effective Georgia Tax Rate
1.00%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Monroe, Walton County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30655 | 0.31% | 0.66% | 1.10% | 1.20% | 1.36% |
| 30656 | 0.25% | 0.45% | 0.97% | 1.18% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Monroe, Walton County, Georgia
When examining property taxes in Monroe, GA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Walton County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Walton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Monroe. For example, the median home price in Monroe is $315,400, with tax bills ranging significantly across the county. Zip code 30656 has the highest median home price at $329,100.
Property Tax Assessment Values Across Monroe, Walton County, Georgia
Source: Ownwell
$171,925
$304,310
$436,695
Median Monroe Market Value
$315,400
Median Walton County Market Value
$328,600
Median Georgia Market Value
$280,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Monroe, Walton County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30655 | $148,988 | $227,150 | $310,300 | $423,935 | $572,780 |
| 30656 | $164,000 | $238,900 | $329,100 | $459,400 | $590,800 |
Source: Ownwell
Property Tax Bills Across Monroe, Walton County, Georgia
Median Monroe Tax Bill
$2,824
Median Walton County Tax Bill
$3,025
Median Georgia Tax Bill
$2,476
Median United States Tax Bill
$2,400
Property Tax Bills Across Monroe, Walton County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30655 | $883 | $1,696 | $2,889 | $4,108 | $5,677 |
| 30656 | $734 | $1,480 | $2,735 | $4,188 | $5,709 |
Source: Ownwell