Lula, Banks County, Georgia Property Taxes

Name: Property Tax Bills Across Lula, Banks County, Georgia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lula, GA effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Georgia state median of 1.08%.
Median Lula, GA home value: $213,370
Median annual Lula, GA tax bill: $1,600, $800 lower than the national median property tax bill of $2,400.

How are property taxes in Banks County calculated?

Property taxes in Lula, GA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Lula’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lula, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lula, Banks County, Georgia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$1,707

$1,584

Ownwell’s Lula Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lula with just two data points. By entering your property's estimated assessed value, our calculator applies Lula’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Banks County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Banks County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lula, Banks County, Georgia

Local government entities determine tax rates, which can significantly differ within a state. Each year, counties estimate the budget needed to provide essential services and divide it by the total assessed value of all taxable properties within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the basic annual process. Lula in Banks County, Georgia, offers an interesting case for examining property tax rates. The effective property tax rate here stands at 0.80%, which is lower than the national median property tax rate of 1.02%. This means that property owners in Lula generally pay less in property taxes compared to the national average. Lula's property tax rate is also in line with the median for Georgia, highlighting the region's relatively lower tax burden. This can be a significant advantage for property owners looking to manage their expenses effectively. Understanding these differences can help property owners make informed decisions about where to invest and how to appeal or seek exemptions on their property taxes.

Property Tax Rates Across Lula, Banks County, Georgia

Source: Ownwell

0.72%

0.78%

0.84%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lula Tax Rate

0.80%

Median Effective Banks County Tax Rate

0.79%

Median Effective Georgia Tax Rate

1.08%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lula, Banks County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
30554	0.41%	0.61%	0.80%	0.90%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Lula, Banks County, Georgia

When examining property taxes in Lula, GA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Banks County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Banks County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lula.

For example, the median home price in Lula is $213,370, with tax bills ranging significantly across the county. ZIP code 30554 has the highest median home price at $213,370.

Property Tax Assessment Values Across Lula, Banks County, Georgia

Source: Ownwell

$119,556

$168,092

$216,628

Median Lula Market Value

$213,370

Median Banks County Market Value

$198,598

Median Georgia Market Value

$231,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lula, Banks County, Georgia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
30554	$75,322	$125,106	$213,370	$272,014	$399,374

Source: Ownwell

Property Tax Bills Across Lula, Banks County, Georgia

In Lula, located in Banks County, GA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The assessed value, typically a percentage of the market value, is multiplied by the tax rate to calculate the annual tax bill. Homeowners in Lula face a median property tax bill of $1,600, which is notably lower than the national median of $2,400. However, tax bills can vary, with amounts ranging from $872 at the 25th percentile to $2,874 at the 90th percentile. Factors influencing these variations include property size, location, and any applicable exemptions. Homeowners may find their tax bills burdensome, especially if their property is over-assessed. Here, Ownwell offers valuable assistance by providing property tax appeal services. By reviewing assessments and identifying potential discrepancies, Ownwell helps homeowners potentially lower their tax bills, ensuring they pay only their fair share. This service can lead to significant savings and financial relief for property owners in Lula.

Property Tax Bills Across Lula, Banks County, Georgia

Source: Ownwell

$999

$1,300

$1,600

Median Lula Tax Bill

$1,600

Median Banks County Tax Bill

$1,442

Median Georgia Tax Bill

$2,212

Median United States Tax Bill

$2,400

Property Tax Bills Across Lula, Banks County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
30554	$391	$872	$1,600	$2,225	$2,874

Source: Ownwell