Valdosta, Georgia Property Taxes
The median property tax rate in Valdosta, GA is 1.00%, slightly above the national median of 0.99% but lower than the Georgia state median of 1.08%. With a median home value of $182,720 in Valdosta, the typical annual property tax bill amounts to $1,818, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Grasping Valdosta's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Valdosta 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
Valdosta, 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 Valdosta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valdosta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valdosta 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 Valdosta, Georgia
Property taxes in Valdosta, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valdosta is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Valdosta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valdosta 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 Valdosta's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31605 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Valdosta provides valuable insights into the varying tax landscape across Lanier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valdosta Tax Rate
1.00%
Average Lanier County Tax Rate
1.27%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valdosta, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31605 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Valdosta, Georgia
In Valdosta, 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 Lanier 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 Valdosta, 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 Valdosta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Valdosta is $182,720, with the highest and lowest median tax bills both standing at $1,818 in the 31605 zip code.
Average Valdosta Assessed Value
$182,720
Average Lanier County Assessed Value
$72,982
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valdosta, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31605 | $182,720 | $182,720 | $182,720 | $182,720 | $182,720 |
Source: Ownwell
Property Tax Bills Across Valdosta, Georgia
In Valdosta, property tax bills are calculated based on the assessed value of a home, which is determined by the Lanier County tax assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. The tax rate, also known as the millage rate, is then applied to this assessed value to calculate the annual property tax bill. For homeowners in Valdosta, the median home price is $182,720. Despite variations in home values, the property tax bills remain consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $1,818. This uniformity suggests a stable tax rate across the region. Compared to the national median property tax rate of 0.99%, Valdosta's property taxes are relatively predictable, providing homeowners with a clear expectation of their annual financial obligations. This consistency can be beneficial for budgeting and financial planning, offering a level of predictability in an otherwise fluctuating real estate market.
Average Valdosta Tax Bill
$1,818
Average Lanier County Tax Bill
$989
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Valdosta, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31605 | $1,818 | $1,818 | $1,818 | $1,818 | $1,818 |
Source: Ownwell