Gray, Georgia Property Taxes
The median property tax rate in Gray, GA is 1.44%, significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. Given the median home value in Gray, the typical annual property tax bill amounts to $2,043, surpassing the national median of $2,690. Property taxes in Gray are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Gray's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Gray or another part of Jones County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gray, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,914
$1,859
Ownwell’s Gray Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gray with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gray 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 Gray, Georgia
Property taxes in Gray, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gray is 1.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Gray set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gray 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 Gray's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31032 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Gray provides valuable insights into the varying tax landscape across Jones County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gray Tax Rate
1.44%
Average Jones County Tax Rate
1.44%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gray, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31032 | 1.44% | 1.44% | 1.44% | 1.44% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Gray, Georgia
In GRAY, 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 Jones 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 GRAY, 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 GRAY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2043 in the 31032 zip code, while the lowest median tax bill also stands at $2043 in the same zip code.
Average Gray Assessed Value
$132,911
Average Jones County Assessed Value
$109,840
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gray, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31032 | $32,137 | $70,772 | $132,911 | $197,678 | $267,659 |
Source: Ownwell
Property Tax Bills Across Gray, Georgia
In Gray, located in Jones County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. The local tax rate is then applied to this assessed value. For instance, with a median home price of $132,911, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors considered in determining the tax bill include the property's location, market conditions, and any applicable exemptions or deductions. In Gray, the 25th percentile of tax bills is around $1,066, while the 75th percentile reaches $2,994, and the 90th percentile can be as high as $4,131. The highest and lowest median tax bill in the area is $2,043, which is above the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners, influencing their annual budgeting and long-term financial planning. Understanding these factors helps homeowners anticipate their property tax obligations and better manage their finances.
Average Gray Tax Bill
$2,043
Average Jones County Tax Bill
$1,634
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Gray, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31032 | $486 | $1,066 | $2,043 | $2,994 | $4,131 |
Source: Ownwell