Albany, Baker County, Georgia Property Taxes
The median property tax rate in Albany, GA is 0.94%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $47,700 in Albany, the typical annual property tax bill amounts to $426, significantly lower than the national median of $2,690. Property taxes in Albany 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 Albany's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Albany or another part of Baker County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Albany, Baker County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$448
$416
Ownwell’s Albany Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Albany with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Albany 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 Albany, Baker County, Georgia
Property taxes in Albany, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Albany is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Albany set these rates annually, and they can vary significantly across different neighborhoods. Each year, Albany 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 Albany's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 31721 has the highest median property tax rate of 0.94%, while the same zip code also holds the lowest median tax rate of 0.94%. Understanding how these areas compare with Albany provides valuable insights into the varying tax landscape across Baker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Albany Tax Rate
0.94%
Average Baker County Tax Rate
0.99%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Albany, Baker County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31721 | 0.87% | 0.88% | 0.94% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Albany, Baker County, Georgia
In Albany, 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 Baker 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. Assessment notices in Albany 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 Albany helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Albany's 31721 zip code is $426.00, highlighting the importance of understanding and managing your property taxes effectively.
Property Tax Assessment Values Across Albany, Baker County, Georgia
Source: Ownwell
$47,700
$99,900
$152,100
Average Albany Assessed Value
$47,700
Average Baker County Assessed Value
$64,678
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Albany, Baker County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31721 | $9,750 | $20,032 | $47,700 | $119,222 | $153,656 |
Source: Ownwell
Property Tax Bills Across Albany, Baker County, Georgia
In Albany, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Baker County, the median home price is $47,700, and property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $202, while at the 75th percentile, it rises to $1,072. The highest median tax bill recorded in the area is $426, which is notably lower than the national median property tax rate of 0.99%. Homeowners in Albany need to be aware of these factors as property taxes can significantly impact their annual expenses. Understanding how these taxes are calculated can help homeowners budget more effectively and potentially seek exemptions or appeals if they believe their assessed value is too high.
Average Albany Tax Bill
$426
Average Baker County Tax Bill
$615
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Albany, Baker County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31721 | $98 | $202 | $426 | $1,072 | $1,343 |
Source: Ownwell