Mc Rae Helena, Georgia Property Taxes
The median property tax rate in McRae Helena, GA is 1.07%, slightly higher than the national median of 0.99% but just below Georgia's state median of 1.08%. With a median home value of $35,212 in McRae Helena, the typical annual property tax bill amounts to $367, which is significantly lower than the national median of $2,690. Property taxes in McRae Helena are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding McRae Helena'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 McRae Helena 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
Mc Rae Helena, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$377
$366
Ownwell’s MC RAE HELENA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC RAE HELENA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC RAE HELENA 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 Mc Rae Helena, Georgia
Property taxes in McRae Helena, Georgia, are essential for funding critical local services like public schools, road maintenance, and emergency services. The median tax rate in McRae Helena is 0.92%, which is lower than both the Georgia state median of 0.95% and the U.S. national median of 0.99%. Local government entities within McRae Helena set these rates annually, and they can vary significantly across different neighborhoods. Each year, McRae Helena 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 McRae Helena's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31037 zip code has the highest median property tax rate of 1.15%, while the 31055 zip code has the lowest median tax rate of 1.06%. Understanding how these cities compare with McRae Helena provides valuable insights into the varying tax landscape across Telfair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Rae Helena Tax Rate
1.07%
Average Telfair County Tax Rate
1.07%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Rae Helena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31037 | 0.58% | 0.93% | 1.15% | 1.19% | 1.19% |
| 31055 | 0.58% | 0.82% | 1.06% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Mc Rae Helena, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mc Rae Helena, Georgia. 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 Telfair 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 Mc Rae Helena, 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. For instance, the highest median tax bill in the area is $417 in zip code 31055, while the lowest median tax bill is $335 in zip code 31037. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Rae Helena Assessed Value
$35,212
Average Telfair County Assessed Value
$41,812
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Rae Helena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31037 | $7,800 | $17,404 | $30,700 | $44,037 | $80,948 |
| 31055 | $7,410 | $18,019 | $40,537 | $128,021 | $300,672 |
Source: Ownwell
Property Tax Bills Across Mc Rae Helena, Georgia
In McRae Helena, located in Telfair County, GA, property tax bills are determined based on the assessed value of a property. The assessed value is typically a percentage of the market value, which is then multiplied by the local tax rate set by the county. For homeowners in McRae Helena, the median home price is $35,212. Property tax bills can vary significantly, with the 25th percentile tax bill at $165 and the 75th percentile reaching $849. At the 90th percentile, homeowners may see tax bills as high as $2,240. The highest median tax bill in the area is $417, found in the 31055 zip code, while the lowest median tax bill is $335 in the 31037 zip code. These tax bills impact homeowners by influencing their overall cost of living and can affect decisions related to homeownership and property investments. Understanding these factors is crucial for homeowners to manage their finances effectively and plan for future expenses.
Average Mc Rae Helena Tax Bill
$367
Average Telfair County Tax Bill
$435
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Rae Helena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31037 | $46 | $152 | $335 | $496 | $820 |
| 31055 | $53 | $170 | $417 | $1,245 | $2,657 |
Source: Ownwell