Valdosta, Georgia Property Taxes
The median property tax rate in Valdosta, GA is 1.22%, which is higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Valdosta at $107,688, the typical annual property tax bill reaches $1,336, surpassing the national median of $2,690. Property taxes in Valdosta 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 Valdosta'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 Valdosta or another part of Lowndes County, 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
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,314
$1,276
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 Lowndes County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Valdosta, Georgia
Property taxes in Valdosta, Georgia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Valdosta is 1.22%, which is higher than both the Georgia state median and 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 areas in Georgia and the national median. For comparison, the 31602 zip code has the highest median property tax rate of 1.34%, while the 31606 zip code has the lowest median tax rate of 0.93%. Understanding how these areas compare with Valdosta provides valuable insights into the varying tax landscape across Lowndes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valdosta Tax Rate
1.22%
Average Lowndes County Tax Rate
1.19%
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 |
|---|---|---|---|---|---|
| 31601 | N/A | N/A | N/A | N/A | N/A |
| 31602 | 0.80% | 1.05% | 1.34% | 1.58% | 1.82% |
| 31605 | 0.84% | 1.01% | 1.19% | 1.38% | 1.50% |
| 31606 | 0.12% | 0.52% | 0.93% | 1.16% | 1.38% |
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 Lowndes 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. For example, the median home price in Valdosta is $107,688, with tax bills ranging from $619 at the 25th percentile to $3,021 at the 90th percentile. The zip code 31605 has the highest median tax bill at $1,917, while 31606 has the lowest at $779. 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.
Average Valdosta Assessed Value
$107,688
Average Lowndes County Assessed Value
$120,229
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 |
|---|---|---|---|---|---|
| 31601 | N/A | N/A | N/A | N/A | N/A |
| 31602 | $49,518 | $75,032 | $113,280 | $177,315 | $263,873 |
| 31605 | $88,066 | $120,471 | $156,948 | $221,262 | $284,500 |
| 31606 | $28,220 | $47,289 | $87,342 | $154,800 | $229,094 |
Source: Ownwell
Property Tax Bills Across Valdosta, Georgia
In Valdosta, located in Lowndes County, GA, property tax bills are determined based on the assessed value of your home and the applicable tax rate. The assessed value is typically a percentage of the market value of the property. For instance, if the median home price in Valdosta is $107,688, the assessed value would be a fraction of this amount, depending on local assessment ratios. The tax rate, often referred to as the millage rate, is then applied to the assessed value to calculate the tax bill. Factors such as property location, improvements, and exemptions can influence the final bill. For example, in Valdosta, the tax bill can range significantly, with the 25th percentile at $619 and the 90th percentile at $3,021. Homeowners in zip code 31605 experience the highest median tax bill at $1,917, while those in zip code 31606 see the lowest at $779. Understanding these factors helps homeowners anticipate their property tax obligations and budget accordingly.
Average Valdosta Tax Bill
$1,336
Average Lowndes County Tax Bill
$1,427
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 |
|---|---|---|---|---|---|
| 31601 | N/A | N/A | N/A | N/A | N/A |
| 31602 | $587 | $982 | $1,512 | $2,171 | $3,326 |
| 31605 | $861 | $1,369 | $1,917 | $2,548 | $3,335 |
| 31606 | $50 | $252 | $779 | $1,570 | $2,500 |
Source: Ownwell