Young Harris, Georgia Property Taxes
The median property tax rate in Young Harris, GA is 0.43%, significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $245,819 in Young Harris, the typical annual property tax bill is $954, well below the national median of $2,690. Property taxes in Young Harris are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Young Harris, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Young Harris or another part of Towns County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Young Harris, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,057
$1,027
Ownwell’s Young Harris Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Young Harris with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Young Harris 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 Towns County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Young Harris, Georgia
Property taxes in Young Harris, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Young Harris is 0.43%, significantly lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Young Harris set these rates annually, and they can vary significantly across different neighborhoods. Each year, Young Harris 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 Young Harris's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30582 zip code has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these cities compare with Young Harris provides valuable insights into the varying tax landscape across Towns County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Young Harris Tax Rate
0.43%
Average Towns County Tax Rate
0.47%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Young Harris, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30582 | 0.26% | 0.31% | 0.43% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Young Harris, Georgia
In Young Harris, 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 Towns 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 Young Harris, 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 is $245,819, with tax bills ranging from $550 at the 25th percentile to $2,065 at the 90th percentile. The zip code 30582 has both the highest and lowest median tax bill at $954. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Young Harris Assessed Value
$245,819
Average Towns County Assessed Value
$254,647
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Young Harris, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30582 | $73,394 | $154,527 | $245,819 | $359,017 | $511,420 |
Source: Ownwell
Property Tax Bills Across Young Harris, Georgia
In Young Harris, Towns County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Young Harris is $245,819. The local tax rate is applied to this assessed value to determine the annual property tax bill. Various factors, including property location, market trends, and any applicable exemptions, influence the assessed value. For homeowners in Young Harris, the property tax bill can range significantly. The 25th percentile tax bill is around $550, while the 75th percentile reaches $1,467. At the 90th percentile, homeowners might see bills as high as $2,065. These variations are due to differences in property values and exemptions. Comparatively, the median property tax rate in Young Harris aligns closely with the national median of 0.99%, ensuring that homeowners in the area experience a tax burden similar to the national average. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Young Harris Tax Bill
$954
Average Towns County Tax Bill
$1,002
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Young Harris, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30582 | $252 | $550 | $954 | $1,467 | $2,065 |
Source: Ownwell