Wray, Georgia Property Taxes
The median property tax rate in Wray, GA is 0.73%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Wray at $98,024, the typical annual property tax bill is $622, significantly below the national median of $2,690. Property taxes in Wray are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Wray's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wray or another part of Coffee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wray, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$716
$695
Ownwell’s Wray Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wray with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wray 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 Wray, Georgia
Property taxes in Wray, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wray is 0.83%, which is lower than the Georgia state median of 0.92% but still below the U.S. national median of 0.99%. Local government entities within Wray set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wray 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 Wray's effective property tax rate to other counties in Georgia and the national median. For comparison, the highest median property tax rate in the county is 0.83% in the zip code 31798, while the lowest median tax rate is also 0.83% in the same zip code. Understanding how these cities compare with Wray provides valuable insights into the varying tax landscape across Coffee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wray Tax Rate
0.73%
Average Coffee County Tax Rate
0.89%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wray, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31798 | 0.32% | 0.41% | 0.73% | 0.89% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Wray, Georgia
In Wray, 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 Coffee 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 Wray, 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. For instance, in Wray, the highest median tax bill is $622 in the 31798 zip code. 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 Wray helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wray Assessed Value
$98,024
Average Coffee County Assessed Value
$48,124
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wray, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31798 | $13,678 | $33,179 | $98,024 | $194,780 | $407,239 |
Source: Ownwell
Property Tax Bills Across Wray, Georgia
In Wray, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The tax rate, determined by local authorities, is then applied to this assessed value to calculate the annual tax bill. For homeowners in Wray, the median home price is $98,024. The property tax bills vary significantly, with the 25th percentile at $204 and the 75th percentile reaching $1,162. At the 90th percentile, the tax bill can go up to $1,822, indicating a broad range of tax burdens depending on property values and specific assessments. The highest and lowest median tax bill recorded in the area is $622, indicating some consistency in tax rates within certain zones. Compared to the national median property tax rate of 0.99%, Wray's tax rates can be both lower and higher, affecting homeowners differently based on their property's assessed value and location. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and manage their finances accordingly.
Average Wray Tax Bill
$622
Average Coffee County Tax Bill
$367
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Wray, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31798 | $88 | $204 | $622 | $1,162 | $1,822 |
Source: Ownwell