Louisville, Georgia Property Taxes
The median property tax rate in Louisville, GA is 1.25%, higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Louisville at $56,170, the typical annual property tax bill reaches $692, which is below the national median of $2,690. Property taxes in Louisville 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 Louisville'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 Louisville 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
Louisville, 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 Louisville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Louisville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Louisville 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 Jefferson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Louisville, Georgia
Property taxes in Louisville, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Louisville is 1.25%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Louisville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Louisville 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 Louisville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30434 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Louisville provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Louisville Tax Rate
1.25%
Average Jefferson County Tax Rate
1.25%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Louisville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30434 | 0.93% | 1.15% | 1.25% | 1.33% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Louisville, Georgia
In Louisville, 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 Jefferson 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 Louisville, 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 Louisville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 30434, with a median tax bill of $692.00.
Average Louisville Assessed Value
$56,170
Average Jefferson County Assessed Value
$56,313
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Louisville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30434 | $16,029 | $30,263 | $56,170 | $107,850 | $192,132 |
Source: Ownwell
Property Tax Bills Across Louisville, Georgia
In Louisville, GA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the property's market value, which is then subject to the county's property tax rate. For instance, with a median home price of $56,170, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors influencing the tax bill include the property's location within Jefferson County, any applicable exemptions, and the assessed value. Tax bills in Louisville can range significantly. For example, the 25th percentile tax bill is around $391, while the 75th percentile reaches $1,314, and the 90th percentile can go as high as $2,225. Compared to the national median property tax rate of 0.99%, Louisville's property tax rates can be seen as relatively moderate, making it an appealing location for homeowners. This variability in tax bills highlights the importance of understanding how local assessments and tax rates impact overall homeownership costs.
Average Louisville Tax Bill
$692
Average Jefferson County Tax Bill
$685
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Louisville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30434 | $193 | $391 | $692 | $1,314 | $2,225 |
Source: Ownwell