Lumber City, Georgia Property Taxes
The median property tax rate in Lumber City, GA is 1.22%, which is notably higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Lumber City at $55,253, the typical annual property tax bill amounts to $548, still below the national median of $2,690. Property taxes in Lumber City 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 Lumber City'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 Lumber City 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
Lumber City, 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 Lumber City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lumber City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lumber City 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 Lumber City, Georgia
Property taxes in Lumber City, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lumber City is 1.22%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Lumber City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lumber City 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 Lumber City's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31549 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Lumber City 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 Lumber City Tax Rate
1.22%
Average Wheeler County Tax Rate
1.21%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lumber City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31549 | 0.57% | 0.88% | 1.22% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Lumber City, Georgia
In Lumber City, 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 Lumber City, 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 Lumber City is $55,253, with annual tax bills ranging from $274 at the 25th percentile to $2,375 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 31549, with a median tax bill of $548. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lumber City Assessed Value
$55,253
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 Lumber City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31549 | $13,640 | $28,575 | $55,253 | $110,854 | $237,992 |
Source: Ownwell
Property Tax Bills Across Lumber City, Georgia
In Lumber City, GA, property tax bills are calculated based on the assessed value of your home, which is determined by the Wheeler County tax assessor. This assessed value is a percentage of your home's market value. Once the assessed value is established, the local tax rate, or millage rate, is applied. For example, with a median home price of $55,253, homeowners can expect varying tax bills depending on their property's assessed value and specific exemptions they may qualify for. Factors such as property location, improvements, and market conditions play a significant role in determining the assessed value. Homeowners in Lumber City see a wide range of tax bills, from the 25th percentile at $274 to the 90th percentile at $2,375, reflecting the diversity in property values and exemptions. The median tax bill in the area is $548, which is below the national median property tax rate of 0.99%. Understanding these components can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Lumber City Tax Bill
$548
Average Wheeler County Tax Bill
$553
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lumber City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31549 | $123 | $274 | $548 | $1,100 | $2,375 |
Source: Ownwell