Wray, Georgia Property Taxes
The median property tax rate in Wray, GA is 1.22%, significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Wray, the typical annual property tax bill reaches $709, which is well below the national median of $2,690. Property taxes in Wray 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 Wray'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 Wray 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
Wray, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$485
$471
Ownwell’s Wray Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wray with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wray 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 Wray, Georgia
Property taxes in Wray, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wray is 1.22%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Wray set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wray 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 Wray's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31798 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Wray provides valuable insights into the varying tax landscape across Ben Hill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wray Tax Rate
1.22%
Average Ben Hill County Tax Rate
1.37%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wray, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31798 | 1.09% | 1.19% | 1.22% | 1.33% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Wray, Georgia
In Wray, 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 Ben Hill 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 Wray, 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 Wray helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 31798, with a median tax bill of $709.
Average Wray Assessed Value
$39,774
Average Ben Hill County Assessed Value
$65,213
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wray, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31798 | $6,289 | $12,856 | $39,774 | $88,555 | $136,369 |
Source: Ownwell
Property Tax Bills Across Wray, Georgia
In Wray, Ben Hill County, GA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the home's market value. For example, if a home has a median market value of $39,774, the assessed value might be a fraction of this amount. Local tax rates are then applied to the assessed value to determine the annual tax bill. Factors such as property type, location, and any applicable exemptions or deductions can influence the final tax amount. Homeowners in Wray can expect their property tax bills to vary widely, with the 25th percentile tax bill around $245 and the 90th percentile reaching up to $1,943. These figures highlight the range of property tax burdens that homeowners might face. Compared to the national median property tax rate of 0.99%, Wray's property taxes can be relatively manageable, though individual experiences may differ significantly based on specific property assessments and local tax policies.
Average Wray Tax Bill
$709
Average Ben Hill County Tax Bill
$1,143
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Wray, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31798 | $137 | $245 | $709 | $1,250 | $1,943 |
Source: Ownwell