Mc Rae Helena, Georgia Property Taxes
The median property tax rate in Mc Rae Helena, GA is 0.90%, slightly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Mc Rae Helena at $90,784, the typical annual property tax bill amounts to $763, significantly below the national median of $2,690. Property taxes in Mc Rae Helena 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 Mc Rae Helena'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 Mc Rae Helena 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
Mc Rae Helena, 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 MC RAE HELENA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC RAE HELENA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC RAE HELENA 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 Mc Rae Helena, Georgia
Property taxes in McRae-Helena, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McRae-Helena is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within McRae-Helena set these rates annually, and they can vary significantly across different neighborhoods. Each year, McRae-Helena 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 McRae-Helena's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31037 has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with McRae-Helena provides valuable insights into the varying tax landscape across Laurens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Rae Helena Tax Rate
0.90%
Average Laurens County Tax Rate
0.90%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Rae Helena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31037 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Mc Rae Helena, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in McRae Helena, Georgia. 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 Laurens 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 McRae Helena, 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. For instance, the median home price in McRae Helena is $90,784, with tax bills ranging from $228 at the 25th percentile to $1,101 at the 90th percentile. 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 McRae Helena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Rae Helena Assessed Value
$90,784
Average Laurens County Assessed Value
$75,596
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Rae Helena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31037 | $23,184 | $51,064 | $90,784 | $105,864 | $163,779 |
Source: Ownwell
Property Tax Bills Across Mc Rae Helena, Georgia
In McRae Helena, Laurens County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. For example, with a median home price of $90,784, the assessed value forms the basis for the tax calculation. The local tax rate is then applied to this assessed value to determine the tax bill. Homeowners in McRae Helena experience varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $228, while at the 75th percentile, it rises to $872. At the 90th percentile, it can reach up to $1,101. The highest median tax bill in the area is $763, which is relatively modest compared to the national median property tax rate of 0.99%. This calculation affects homeowners by influencing their annual financial obligations and potentially impacting their household budgets.
Average Mc Rae Helena Tax Bill
$763
Average Laurens County Tax Bill
$799
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Rae Helena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31037 | $154 | $228 | $763 | $872 | $1,101 |
Source: Ownwell