Dearing, Georgia Property Taxes
The median property tax rate in Dearing, GA is 0.71%, notably lower than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Dearing being $90,386, the typical annual property tax bill comes to $641, which is significantly less than the national median of $2,690. Property taxes in Dearing are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Dearing's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Dearing or another part of McDuffie County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dearing, 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 Dearing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dearing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dearing 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 Dearing, Georgia
Property taxes in Dearing, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dearing is 0.71%, lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Dearing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dearing 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 Dearing's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30808 zip code has the highest median property tax rate of 0.71%, while the 30808 zip code has the lowest median tax rate of 0.71%. Understanding how these cities compare with Dearing provides valuable insights into the varying tax landscape across McDuffie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dearing Tax Rate
0.71%
Average Mcduffie County Tax Rate
0.93%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dearing, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30808 | 0.17% | 0.27% | 0.71% | 1.09% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Dearing, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dearing, 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 McDuffie County 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 Dearing, 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. The median home price in Dearing stands at $90,386, with the 25th percentile tax bill being $128 and the 75th percentile tax bill reaching $1,437. The 90th percentile tax bill can go up to $2,428. The zip code with both the highest and lowest median tax bill is 30808, with a median tax bill of $641. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dearing Assessed Value
$90,386
Average Mcduffie County Assessed Value
$109,936
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dearing, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30808 | $27,703 | $48,734 | $90,386 | $168,643 | $278,219 |
Source: Ownwell
Property Tax Bills Across Dearing, Georgia
In Dearing, GA, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor's office. This assessed value is a percentage of the property's market value. Homeowners in McDuffie County typically see tax bills that vary significantly, reflecting differences in property values and applicable exemptions. For instance, the median home price in Dearing is $90,386. The property tax rate in this area influences the final tax bill, with homeowners in the 25th percentile paying around $128, while those in the 75th percentile face bills closer to $1,437. At the higher end, the 90th percentile tax bill can reach $2,428. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community. Compared to the national median property tax rate of 0.99%, the rates in Dearing are relatively modest, offering a more affordable living option for homeowners.
Average Dearing Tax Bill
$641
Average Mcduffie County Tax Bill
$1,025
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Dearing, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30808 | $70 | $128 | $641 | $1,437 | $2,428 |
Source: Ownwell