Clyo, Georgia Property Taxes
The median property tax rate in Clyo, GA is 1.04%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With the median home value in Clyo at $134,570, the typical annual property tax bill amounts to $1,274, which is below the national median of $2,690. Property taxes in Clyo are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural use. Understanding Clyo'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 Clyo or another part of Effingham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clyo, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,400
$1,299
Ownwell’s Clyo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clyo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clyo 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 Clyo, Georgia
Property taxes in CLYO, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CLYO is 1.04%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within CLYO set these rates annually, and they can vary significantly across different neighborhoods. Each year, CLYO 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 CLYO's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31303 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with CLYO provides valuable insights into the varying tax landscape across Effingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clyo Tax Rate
1.04%
Average Effingham County Tax Rate
1.03%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clyo, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31303 | 0.46% | 0.78% | 1.04% | 1.39% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Clyo, Georgia
In CLYO, 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 Effingham 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 CLYO, 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 CLYO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in CLYO is $134,570, with the 25th percentile tax bill at $659 and the 75th percentile tax bill at $2,179. The zip code 31303 has both the highest and lowest median tax bill at $1,274.
Average Clyo Assessed Value
$134,570
Average Effingham County Assessed Value
$198,122
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clyo, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31303 | $38,074 | $67,522 | $134,570 | $212,850 | $310,468 |
Source: Ownwell
Property Tax Bills Across Clyo, Georgia
In CLYO, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $134,570, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $659, while those in the 75th percentile face a tax bill of approximately $2,179. At the 90th percentile, the tax bill can reach up to $3,048. Factors influencing these variations include property size, location, and any applicable exemptions. In Effingham County, where CLYO is located, the median tax bill stands at $1,274, which is higher than the national median property tax rate of 0.99%. This discrepancy highlights the significant impact of local tax rates on homeowners. Higher tax bills can affect household budgets, influencing decisions on property investments and long-term financial planning.
Average Clyo Tax Bill
$1,274
Average Effingham County Tax Bill
$1,958
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Clyo, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31303 | $388 | $659 | $1,274 | $2,179 | $3,048 |
Source: Ownwell