Blakely, Georgia Property Taxes
The median property tax rate in Blakely, GA is 0.88%, 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 Blakely at $520,700, the typical annual property tax bill reaches $4,605, significantly surpassing the national median of $2,690. Property taxes in Blakely are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Blakely'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 Blakely 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
Blakely, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$4,582
$4,252
Ownwell’s Blakely Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blakely with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blakely 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 Blakely, Georgia
Property taxes in Blakely, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blakely is 0.88%, lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Blakely set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blakely 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 Blakely's effective property tax rate to other counties in Georgia and the national median. For comparison, the 39823 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Blakely provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blakely Tax Rate
0.88%
Average Clay County Tax Rate
1.36%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blakely, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39823 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Blakely, Georgia
In Blakely, 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 Clay 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 Blakely, 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 Blakely helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39823 has the highest and lowest median tax bill at $4,605.
Average Blakely Assessed Value
$520,700
Average Clay County Assessed Value
$52,657
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blakely, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39823 | $520,700 | $520,700 | $520,700 | $520,700 | $520,700 |
Source: Ownwell
Property Tax Bills Across Blakely, Georgia
In Blakely, located in Clay 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 median home price in Blakely stands at $520,700, and the property tax rate is applied to this assessed value to determine the tax bill. For instance, homeowners in the 25th, 75th, and 90th percentiles all face a tax bill of $4,605, which is significantly higher than the national median property tax rate of 0.99%. Several factors affect the property tax bill, including the property's market value, local tax rates, and any applicable exemptions. This tax burden can significantly impact homeowners, influencing everything from monthly housing costs to long-term financial planning. High property taxes can be a substantial expense, potentially affecting the affordability and desirability of owning a home in Blakely. Understanding these factors is crucial for homeowners to manage their finances effectively and plan for future tax obligations.
Average Blakely Tax Bill
$4,605
Average Clay County Tax Bill
$826
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Blakely, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39823 | $4,605 | $4,605 | $4,605 | $4,605 | $4,605 |
Source: Ownwell