Ray City, Georgia Property Taxes
The median property tax rate in Ray City, GA is 1.23%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Ray City at $65,019, the typical annual property tax bill reaches $848, which is below the national median of $2,690. Property taxes in Ray City 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 Ray City'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 Ray City 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
Ray City, 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 Ray City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ray City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ray City 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 Ray City, Georgia
Property taxes in Ray City, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ray City is 1.23%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Ray City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ray City 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 Ray City's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31645 zip code has both the highest and lowest median property tax rate of 1.23%. Understanding how these cities compare with Ray City provides valuable insights into the varying tax landscape across Berrien County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ray City Tax Rate
1.23%
Average Berrien County Tax Rate
1.23%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ray City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31645 | 1.20% | 1.23% | 1.23% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Ray City, Georgia
In Ray City, 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 Berrien 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 Ray City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Ray City, the highest and lowest median tax bills, both at $848.00, are found in the 31645 zip code.
Average Ray City Assessed Value
$65,019
Average Berrien County Assessed Value
$68,674
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ray City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31645 | $15,399 | $30,668 | $65,019 | $118,624 | $165,365 |
Source: Ownwell
Property Tax Bills Across Ray City, Georgia
In Ray City, located in Berrien County, GA, property tax bills are calculated based on the assessed value of a property. The assessed value is typically a percentage of the property's market value, determined by the local tax assessor. Once the assessed value is established, it is multiplied by the local tax rate to calculate the tax bill. For example, if a home in Ray City has an assessed value of $65,019, the tax bill could vary significantly. Homeowners in the 25th percentile may pay around $384, while those in the 75th percentile could see bills as high as $1,547. The 90th percentile tax bill can reach up to $2,100. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Ray City's tax rates can have a noticeable impact on homeowners, potentially affecting their overall cost of living and financial planning. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Ray City Tax Bill
$848
Average Berrien County Tax Bill
$920
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ray City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31645 | $174 | $384 | $848 | $1,547 | $2,100 |
Source: Ownwell