Lumpkin, Georgia Property Taxes
The median property tax rate in Lumpkin, GA is 1.06%, slightly higher than the national median of 0.99% but below the Georgia state median of 1.08%. With a median home value of $39,600, the typical annual property tax bill in Lumpkin is $371, which is significantly lower than the national median of $2,690. Property taxes in Lumpkin are calculated based on the tax assessed value, which usually falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lumpkin'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 Lumpkin 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
Lumpkin, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$420
$408
Ownwell’s Lumpkin Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lumpkin using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lumpkin to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends, additional localized information is available below. Your property’s assessed value is determined by Stewart County for property tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Lumpkin, Georgia
Property taxes in Lumpkin, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lumpkin is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Lumpkin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lumpkin 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 Lumpkin's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31815 ZIP code has the highest median property tax rate of 0.83%, while the same ZIP code also has the lowest median tax rate of 0.83%. Understanding how these areas compare with Lumpkin provides valuable insights into the varying tax landscape across Stewart County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lumpkin Tax Rate
1.06%
Average Stewart County Tax Rate
1.06%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lumpkin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31815 | 0.63% | 0.88% | 1.06% | 1.06% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Lumpkin, Georgia
In Lumpkin, 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 Stewart 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 Lumpkin, 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 Lumpkin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lumpkin is $39,600, with tax bills ranging from $199 at the 25th percentile to $1,391 at the 90th percentile. The highest and lowest median tax bills are both $371, found in zip code 31815.
Average Lumpkin Assessed Value
$39,600
Average Stewart County Assessed Value
$39,600
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lumpkin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31815 | $12,200 | $23,150 | $39,600 | $76,150 | $132,900 |
Source: Ownwell
Property Tax Bills Across Lumpkin, Georgia
In Lumpkin, located in Stewart County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Lumpkin is $39,600. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Lumpkin, the property tax bill varies significantly. The 25th percentile tax bill is around $199, while the 75th percentile reaches $757, and the 90th percentile is as high as $1,391. The median tax bill in the area stands at $371, which is significantly lower than the national median property tax rate of 0.99%. These taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners in Lumpkin benefit from relatively lower property tax rates, making it an attractive location for those looking to minimize their annual property tax expenses.
Average Lumpkin Tax Bill
$371
Average Stewart County Tax Bill
$383
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lumpkin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31815 | $87 | $199 | $371 | $757 | $1,391 |
Source: Ownwell