Ivey, Georgia Property Taxes
The median property tax rate in Ivey, GA is 1.57%, significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Ivey at $34,599, the typical annual property tax bill reaches $421, which is much lower than the national median of $2,690. Property taxes in Ivey 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 Ivey'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 Ivey or another part of Wilkinson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ivey, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$543
$504
Ownwell’s Ivey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ivey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ivey 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 Ivey, Georgia
Property taxes in Ivey, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ivey is 1.57%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Ivey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ivey 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 Ivey's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31031 zip code has the highest median property tax rate of 1.57%, while the 31031 zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Ivey provides valuable insights into the varying tax landscape across Wilkinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ivey Tax Rate
1.57%
Average Wilkinson County Tax Rate
1.36%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ivey, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31031 | 0.54% | 1.07% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Ivey, Georgia
In Ivey, 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 Wilkinson 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 Ivey, 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 Ivey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ivey are both $421.00, corresponding to the zip code 31031.
Average Ivey Assessed Value
$34,599
Average Wilkinson County Assessed Value
$56,049
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ivey, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31031 | $9,643 | $18,500 | $34,599 | $68,910 | $107,720 |
Source: Ownwell
Property Tax Bills Across Ivey, Georgia
In Ivey, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. For homeowners in Ivey, the median home price stands at $34,599, resulting in a range of tax bills. The 25th percentile tax bill is $194, while the 75th percentile reaches $939, and the 90th percentile can be as high as $1,502. The median tax bill in Ivey is $421, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable in Ivey, but it's essential for homeowners to understand how their specific property characteristics and any applicable exemptions can impact their individual tax bills.
Average Ivey Tax Bill
$421
Average Wilkinson County Tax Bill
$637
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ivey, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31031 | $79 | $194 | $421 | $939 | $1,502 |
Source: Ownwell