Ray City, Georgia Property Taxes
The median property tax rate in Ray City, GA is 1.27%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Ray City, the typical annual property tax bill reaches $1,529, exceeding the national median of $2,690. Property taxes in Ray City are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ray City'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 Ray City or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ray City, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,563
$1,518
Ownwell’s Ray City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ray City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ray City 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 Ray City, Georgia
Property taxes in Ray City, Georgia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ray City is 1.27%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Ray City set these rates annually, and they can vary across different neighborhoods. Each year, Ray City 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 Ray City's effective property tax rate to other counties in Georgia and the national median. For comparison, the ZIP code 31645 has both the highest and lowest median property tax rate of 1.27%. Understanding how these cities compare with Ray City provides valuable insights into the varying tax landscape across Lanier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ray City Tax Rate
1.27%
Average Lanier County Tax Rate
1.27%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ray City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31645 | 1.02% | 1.21% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Ray City, Georgia
In Ray City, 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 Lanier 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 Ray City, 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. 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 Ray City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,529 in the 31645 zip code, while the lowest is also $1,529 in the same zip code.
Average Ray City Assessed Value
$123,100
Average Lanier County Assessed Value
$72,982
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ray City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31645 | $21,941 | $39,246 | $123,100 | $146,400 | $173,747 |
Source: Ownwell
Property Tax Bills Across Ray City, Georgia
Property tax bills in Ray City, located in Lanier County, GA, are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor and is typically a percentage of the market value of the home. Homeowners in Ray City can expect varying property tax bills depending on several factors, including the assessed value and the local tax rate. For instance, the median home price in Ray City is $123,100. Property tax bills can range significantly, with the 25th percentile at $442 and the 75th percentile reaching $1,844. At the 90th percentile, homeowners might see tax bills as high as $2,137. These figures illustrate the variation in property tax liabilities, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Ray City's property tax bills reflect the local economic conditions and property values. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Ray City Tax Bill
$1,529
Average Lanier County Tax Bill
$989
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ray City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31645 | $224 | $442 | $1,529 | $1,844 | $2,137 |
Source: Ownwell