Lizella, Georgia Property Taxes
The median property tax rate in Lizella, GA is 1.37%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Lizella at $188,240, the typical annual property tax bill reaches $2,496, coming close to the national median of $2,690. Property taxes in Lizella are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lizella'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 Lizella 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
Lizella, 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 Lizella Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lizella with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lizella to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available as you scroll down. Your property’s assessed value is the figure assigned by Bibb County for property tax calculations, which takes into account any applicable exemptions.
Property Tax Rates Across Lizella, Georgia
Property taxes in Lizella, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lizella is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lizella set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lizella 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 Lizella's effective property tax rate to other areas in Georgia and the national median. For comparison, the 31052 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Lizella provides valuable insights into the varying tax landscape across Bibb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lizella Tax Rate
1.37%
Average Bibb County Tax Rate
1.30%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lizella, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31052 | 1.18% | 1.28% | 1.37% | 1.51% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Lizella, Georgia
In Lizella, 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 Bibb 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 Lizella, 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 Lizella helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lizella is $2,496 in zip code 31052, which is significantly higher than the national median property tax rate of 0.99%.
Average Lizella Assessed Value
$188,240
Average Bibb County Assessed Value
$116,188
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lizella, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31052 | $62,461 | $123,325 | $188,240 | $267,897 | $346,758 |
Source: Ownwell
Property Tax Bills Across Lizella, Georgia
In Lizella, located in Bibb County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $188,240, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied by the county. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The tax bill can range significantly, with the 25th percentile at $1,644 and the 75th percentile reaching $3,611. For those in the 90th percentile, tax bills can be as high as $4,747. These variations can impact homeowners differently, potentially affecting their financial planning and overall cost of living. Compared to the national median property tax rate of 0.99%, Lizella's tax rates and assessed values play a crucial role in determining the financial burden on homeowners.
Average Lizella Tax Bill
$2,496
Average Bibb County Tax Bill
$1,504
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lizella, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31052 | $887 | $1,644 | $2,496 | $3,611 | $4,747 |
Source: Ownwell