Albany, Lee County, Georgia Property Taxes

Name: Property Tax Bills Across Albany, Lee County, Georgia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Albany, GA effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Georgia state median of 1.08%.
Median Albany, GA home value: $191,685
Median annual Albany, GA tax bill: $2,079, $321 lower than the national median property tax bill of $2,400.

How are property taxes in Lee County calculated?

Property taxes in Albany, GA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Albany’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Albany, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Albany, Lee County, Georgia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$2,128

$1,974

Ownwell’s Albany Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Albany with just two data points. By entering your property's estimated assessed value, our calculator applies Albany’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lee County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Albany, Lee County, Georgia

Local government entities set property tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Albany in Lee County, Georgia, has an effective property tax rate that reflects these local calculations. When compared to other cities in Georgia, Albany's rate can be considered moderate. The city's effective property tax rate is slightly higher than the national median property tax rate of 1.02%, yet it remains competitive within the state. The highest median tax rate in the area is found in the zip code 31701, which is slightly above Albany's rate, while the lowest is in 31707, aligning closely with Albany's. Understanding these rates can provide valuable insight for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Albany, Lee County, Georgia

Source: Ownwell

1.05%

1.09%

1.13%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Albany Tax Rate

1.11%

Median Effective Lee County Tax Rate

1.13%

Median Effective Georgia Tax Rate

1.08%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Albany, Lee County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
31701	1.08%	1.10%	1.13%	1.13%	1.13%
31705	N/A	N/A	N/A	N/A	N/A
31707	1.04%	1.09%	1.11%	1.13%	1.13%
31721	1.09%	1.10%	1.11%	1.13%	1.13%

Source: Ownwell

Property Tax Assessment Values Across Albany, Lee County, Georgia

When examining property taxes in Albany, GA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lee County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Albany.

For example, the median home price in Albany is $191,685, with tax bills ranging significantly across the county. Zip code 31721 has the highest median home price at $224,600.

Property Tax Assessment Values Across Albany, Lee County, Georgia

Source: Ownwell

$73,220

$148,910

$224,600

Median Albany Market Value

$191,685

Median Lee County Market Value

$158,600

Median Georgia Market Value

$231,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Albany, Lee County, Georgia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
31701	$110,312	$131,150	$177,800	$194,472	$210,897
31705	N/A	N/A	N/A	N/A	N/A
31707	$124,498	$151,875	$201,545	$251,850	$296,580
31721	$138,929	$161,250	$224,600	$279,300	$321,588

Source: Ownwell

Property Tax Bills Across Albany, Lee County, Georgia

In Albany, located in Lee County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate, or millage rate, is then applied to this assessed value to determine the tax bill. For homeowners in Albany, the property tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,633, while the 75th percentile reaches $2,696, and the 90th percentile goes up to $3,319. This variation is influenced by factors such as property location, size, and improvements. The median property tax bill in Albany's highest-taxed zip code, 31721, is $2,389, which is slightly below the national median of $2,400. Homeowners in Albany can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only their fair share, potentially leading to substantial savings on their property tax bills.

Property Tax Bills Across Albany, Lee County, Georgia

Source: Ownwell

$761

$1,575

$2,389

Median Albany Tax Bill

$2,079

Median Lee County Tax Bill

$1,734

Median Georgia Tax Bill

$2,212

Median United States Tax Bill

$2,400

Property Tax Bills Across Albany, Lee County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
31701	$1,197	$1,445	$1,983	$2,165	$2,352
31705	N/A	N/A	N/A	N/A	N/A
31707	$1,327	$1,625	$2,220	$2,745	$3,243
31721	$1,440	$1,732	$2,389	$3,044	$3,555

Source: Ownwell