Leary, Georgia Property Taxes
The median property tax rate in Leary, GA is 0.89%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Leary at $77,607, the typical annual property tax bill amounts to $711, significantly below the national median of $2,690. Property taxes in Leary are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Leary'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 Leary 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
Leary, 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 Leary Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Leary with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Leary to project your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Leary, Georgia
Property taxes in Leary, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leary is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Leary set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leary 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 Leary's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 39862 has both the highest and the lowest median property tax rate of 0.89%. Understanding how these areas compare with Leary 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 Leary Tax Rate
0.89%
Average Baker County Tax Rate
0.99%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leary, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39862 | 0.85% | 0.86% | 0.89% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Leary, Georgia
In Leary, 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 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 Leary helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $711.00 and are found in the 39862 zip code.
Average Leary Assessed Value
$77,607
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 Leary, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39862 | $22,664 | $45,476 | $77,607 | $155,004 | $490,780 |
Source: Ownwell
Property Tax Bills Across Leary, Georgia
In Leary, Baker County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the tax bill. Factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value, thereby affecting the overall tax bill. For homeowners in Leary, the median home price stands at $77,607. Property tax bills can vary significantly, with the 25th percentile at $404 and the 75th percentile reaching $1,379. At the higher end, the 90th percentile tax bill can go up to $4,837. The median property tax bill in the area is $711, which is below the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Leary Tax Bill
$711
Average Baker County Tax Bill
$615
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Leary, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39862 | $216 | $404 | $711 | $1,379 | $4,837 |
Source: Ownwell