Leary, Georgia Property Taxes
The median property tax rate in Leary, GA is 1.95%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Leary at $48,796, the typical annual property tax bill reaches $858, which is below the national median of $2,690. Property taxes in Leary 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 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 empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leary with just two key inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leary to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in more granular insights, simply scroll down to discover neighborhood-specific trends. Your property’s assessed value is the figure determined by the county for property tax purposes, 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 1.95%, significantly higher than both the Georgia state median and 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 counties in Georgia and the national median. For comparison, the 39862 zip code has the highest median property tax rate of 1.95%, while the same zip code also has the lowest median tax rate of 1.95%. Understanding how these areas compare with Leary provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leary Tax Rate
1.95%
Average Calhoun County Tax Rate
1.83%
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 | 1.38% | 1.39% | 1.95% | 1.95% | 1.95% |
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 Calhoun 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. Notably, the zip code with the highest median tax bill is 39862 at $858.00, and the same zip code also has the lowest median tax bill at $858.00.
Average Leary Assessed Value
$48,796
Average Calhoun County Assessed Value
$50,327
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 | $5,637 | $20,229 | $48,796 | $96,640 | $200,658 |
Source: Ownwell
Property Tax Bills Across Leary, Georgia
In Leary, Calhoun County, GA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $48,796, the assessed value is then used to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Leary can expect varying tax bills, with the 25th percentile at $357 and the 75th percentile at $1,658. The 90th percentile tax bill is notably higher at $2,939. These figures indicate a range in tax obligations, reflecting differences in property values and assessments within the city. While the national median property tax rate is 0.99%, local rates in Leary might differ, impacting the overall tax burden for homeowners. Understanding these factors helps homeowners anticipate their property tax responsibilities and plan accordingly.
Average Leary Tax Bill
$858
Average Calhoun County Tax Bill
$866
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 | $116 | $357 | $858 | $1,658 | $2,939 |
Source: Ownwell