Ludowici, Georgia Property Taxes
The median property tax rate in Ludowici, GA is 1.23%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Ludowici at $141,708, the typical annual property tax bill reaches $1,636, which is still below the national median of $2,690. Property taxes in Ludowici are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ludowici'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 Ludowici or another part of Long County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ludowici, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,743
$1,693
Ownwell’s Ludowici Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Ludowici with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ludowici to project your property tax bill. This valuable tool provides insight into potential tax liabilities. If you’re curious about trends at the neighborhood level, scroll down for more localized information. Your property’s assessed value is the value assigned by Long County for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Ludowici, Georgia
Property taxes in Ludowici, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ludowici is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ludowici set these rates annually, and they can vary across different neighborhoods. Each year, Ludowici 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. For comparison, the zip code 31316 has both the highest and lowest median property tax rate in the area at 1.23%. Understanding how these figures compare with Ludowici provides valuable insights into the varying tax landscape across Long County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ludowici Tax Rate
1.23%
Average Long County Tax Rate
1.23%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ludowici, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31316 | 1.23% | 1.23% | 1.23% | 1.23% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Ludowici, Georgia
In Ludowici, 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 Long 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 Ludowici, 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 Ludowici helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ludowici is $141,708, with tax bills ranging significantly, from the 25th percentile at $446 to the 90th percentile at $3,410. The highest and lowest median tax bills are both $1,636 in the 31316 zip code.
Average Ludowici Assessed Value
$141,708
Average Long County Assessed Value
$92,907
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ludowici, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31316 | $10,137 | $43,315 | $141,708 | $212,438 | $267,375 |
Source: Ownwell
Property Tax Bills Across Ludowici, Georgia
In Ludowici, located in Long County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this area experience varying tax bills, with the 25th percentile paying around $446, while those in the 75th percentile pay up to $2,585. The highest median tax bill recorded in the zip code 31316 is $1,636. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. The median home price in Ludowici is $141,708, which is relatively low compared to national figures. Given the national median property tax rate of 0.99%, homeowners in Ludowici can expect their tax bills to be significantly influenced by local rates and property values. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Accurate assessments and knowledge of potential exemptions can lead to significant savings, making property tax management an essential aspect of homeownership in Ludowici.
Average Ludowici Tax Bill
$1,636
Average Long County Tax Bill
$1,088
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ludowici, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31316 | $122 | $446 | $1,636 | $2,585 | $3,410 |
Source: Ownwell