Mc Rae Helena, Georgia Property Taxes
The median property tax rate in McRae Helena, GA is 1.19%, higher than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $70,000 in McRae Helena, the typical annual property tax bill is $792, which is below the national median of $2,690. Property taxes in McRae Helena are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural use. Understanding McRae Helena'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 McRae Helena 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
Mc Rae Helena, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$833
$773
Ownwell’s McRae Helena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McRae Helena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McRae Helena 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 Mc Rae Helena, Georgia
Property taxes in McRae Helena, Georgia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in McRae Helena is 1.19%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within McRae Helena set these rates annually, and they can vary significantly across different neighborhoods. Each year, McRae Helena 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 McRae Helena's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31037 zip code has both the highest and lowest median property tax rate of 1.19%. Understanding how these cities compare with McRae Helena provides valuable insights into the varying tax landscape across Wheeler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Rae Helena Tax Rate
1.19%
Average Wheeler County Tax Rate
1.21%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Rae Helena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31037 | 0.70% | 0.95% | 1.19% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Mc Rae Helena, Georgia
In Mc Rae Helena, 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 Wheeler 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 Mc Rae Helena, 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 Mc Rae Helena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $792.00 in the 31037 zip code, while the lowest is also $792.00 in the same zip code.
Average Mc Rae Helena Assessed Value
$70,000
Average Wheeler County Assessed Value
$50,100
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Rae Helena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31037 | $21,600 | $40,935 | $70,000 | $106,075 | $176,530 |
Source: Ownwell
Property Tax Bills Across Mc Rae Helena, Georgia
In MC RAE HELENA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners, the median home price stands at $70,000. The tax bill is determined by multiplying the assessed value by the local tax rate set by Wheeler County. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in MC RAE HELENA can expect tax bills that vary widely. For instance, the 25th percentile tax bill is around $408, while the 75th percentile reaches $1169. At the higher end, the 90th percentile tax bill can go up to $1712. The highest and lowest median tax bills in the area are both recorded at $792 in zip code 31037. Compared to the national median property tax rate of 0.99%, the tax rates in MC RAE HELENA can significantly impact homeowners, affecting affordability and the overall cost of homeownership in the region.
Average Mc Rae Helena Tax Bill
$792
Average Wheeler County Tax Bill
$553
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Rae Helena, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31037 | $241 | $408 | $792 | $1,169 | $1,712 |
Source: Ownwell