Ray City, Lowndes County, Georgia Property Taxes
The median property tax rate in Ray City, GA is 0.96%, slightly lower than the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $81,937 in Ray City, the typical annual property tax bill is around $727, which is significantly below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Ray City'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 Ray City or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ray City, Lowndes County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$787
$730
Ownwell’s RAY CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in RAY CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in RAY CITY 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 Ray City, Lowndes County, Georgia
Property taxes in Ray City, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ray City is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Ray City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ray City 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 Ray City's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31645 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Ray City provides valuable insights into the varying tax landscape across Lowndes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ray City Tax Rate
0.96%
Average Lowndes County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ray City, Lowndes County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31645 | 0.14% | 0.56% | 0.96% | 1.12% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Ray City, Lowndes County, Georgia
In Ray City, 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 Lowndes 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. 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 Ray City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ray City is $81,937, with property tax bills ranging from $314 at the 25th percentile to $2,299 at the 90th percentile. The zip code with the highest and lowest median tax bills is 31645, both at $727.
Property Tax Assessment Values Across Ray City, Lowndes County, Georgia
Source: Ownwell
$81,937
$134,012
$186,087
Average Ray City Assessed Value
$81,937
Average Lowndes County Assessed Value
$120,229
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ray City, Lowndes County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31645 | $31,349 | $49,735 | $81,937 | $134,701 | $212,137 |
Source: Ownwell
Property Tax Bills Across Ray City, Lowndes County, Georgia
In Ray City, located in Lowndes County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $81,937, the tax bill can vary significantly. Factors such as property improvements, location, and market conditions can influence the assessed value. Homeowners in Ray City experience a range of property tax bills, with the 25th percentile paying around $314, while those in the 75th percentile face bills closer to $1,401. At the 90th percentile, tax bills can reach up to $2,299. These figures indicate the variability in tax burdens across different properties. Compared to the national median property tax rate of 0.99%, Ray City's property tax rates can be relatively manageable, but they still represent a significant expense for homeowners, impacting their overall cost of living and financial planning.
Average Ray City Tax Bill
$727
Average Lowndes County Tax Bill
$1,427
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ray City, Lowndes County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31645 | $63 | $314 | $727 | $1,401 | $2,299 |
Source: Ownwell