Young Harris, Union County, 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 $336,550 in Young Harris, the typical annual property tax bill amounts to $1,483, which is 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 like the primary residence and agricultural exemptions. Understanding Young Harris'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 Young Harris 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
Young Harris, Union County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$1,447
$1,343
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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Young Harris, Union County, 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%, which is 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 both the highest and lowest median property tax rate of 0.43%. Understanding how these cities compare with Young Harris provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Young Harris Tax Rate
0.43%
Average Union County Tax Rate
0.43%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Young Harris, Union County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30582 | 0.40% | 0.42% | 0.43% | 0.44% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Young Harris, Union County, 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 Union 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Young Harris is $336,550. The median tax bill ranges from $990 at the 25th percentile to $2,574 at the 90th percentile. Being aware of these valuation processes in Young Harris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Young Harris, Union County, Georgia
Source: Ownwell
$281,200
$324,923
$368,645
Average Young Harris Assessed Value
$336,550
Average Union County Assessed Value
$346,000
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Young Harris, Union County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30582 | $101,463 | $188,708 | $336,550 | $451,382 | $600,550 |
Source: Ownwell
Property Tax Bills Across Young Harris, Union County, Georgia
In Young Harris, Union County, GA, property tax bills are calculated based on the assessed value of a home. The county assesses properties at a certain percentage of their market value. This assessed value is then multiplied by the local millage rate to determine the tax bill. For instance, with a median home price of $336,550, homeowners can expect varying tax bills depending on the assessed value and applicable exemptions. Factors influencing the tax bill include the property's assessed value, local tax rates, and any eligible exemptions. Homeowners in the 25th percentile see tax bills around $990, while those in the 75th percentile face bills of approximately $1982. The highest median tax bill in the area is $1483, which aligns with the national median property tax rate of 0.99%. These property taxes significantly impact homeowners, influencing their annual expenses and overall cost of living. Proper understanding and management of these taxes can ensure homeowners are not overburdened, making it essential to stay informed about local tax policies and potential exemptions.
Average Young Harris Tax Bill
$1,483
Average Union County Tax Bill
$1,494
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Young Harris, Union County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30582 | $645 | $990 | $1,483 | $1,982 | $2,574 |
Source: Ownwell