Lyerly, Georgia Property Taxes
The median property tax rate in Lyerly, GA is 1.06%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With a median home value of $97,665 in Lyerly, the typical annual property tax bill amounts to $962, which is below the national median of $2,690. Property taxes in Lyerly are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lyerly'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 Lyerly 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
Lyerly, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Lyerly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyerly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyerly 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 Lyerly, Georgia
Property taxes in Lyerly, Georgia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyerly is 1.06%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Lyerly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyerly 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 Lyerly's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30730 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Lyerly provides valuable insights into the varying tax landscape across Chattooga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lyerly Tax Rate
1.06%
Average Chattooga County Tax Rate
1.06%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyerly, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30730 | 0.89% | 0.89% | 1.06% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Lyerly, Georgia
In Lyerly, 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 Chattooga 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 Lyerly, 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 Lyerly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lyerly are both $962, located in the 30730 zip code.
Average Lyerly Assessed Value
$97,665
Average Chattooga County Assessed Value
$79,999
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lyerly, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30730 | $32,312 | $55,158 | $97,665 | $169,336 | $278,007 |
Source: Ownwell
Property Tax Bills Across Lyerly, Georgia
In Lyerly, located in Chattooga County, GA, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. Homeowners in this region see a range of property tax bills, influenced by the property's assessed value, local tax rates, and applicable exemptions. For instance, the median home price in Lyerly is $97,665. The 25th percentile of property tax bills is around $559, while the 75th percentile is approximately $1,733. At the higher end, the 90th percentile reaches up to $2,831. The local tax rate in Lyerly is a crucial factor in determining the final tax bill. This rate is applied to the assessed value to calculate the amount owed. Compared to the national median property tax rate of 0.99%, the effective tax rates in Lyerly can significantly impact homeowners. Understanding these factors helps property owners anticipate their tax obligations and manage their finances accordingly.
Average Lyerly Tax Bill
$962
Average Chattooga County Tax Bill
$807
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyerly, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30730 | $294 | $559 | $962 | $1,733 | $2,831 |
Source: Ownwell