Louisville, Burke County, Georgia Property Taxes
The median property tax rate in Louisville, GA is 0.76%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Louisville, the typical annual property tax bill amounts to $696, significantly below the national median of $2,690. Property taxes in Louisville are calculated based on the assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Louisville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Louisville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Louisville, Burke County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$712
$660
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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Louisville, Burke County, Georgia
Property taxes in Louisville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Louisville is 0.76%, which is lower than 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 zip code 30434 has the highest median property tax rate of 0.76%, while the same zip code also has the lowest median tax rate of 0.76%. Understanding how these cities compare with Louisville provides valuable insights into the varying tax landscape across Burke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Louisville Tax Rate
0.76%
Average Burke County Tax Rate
0.79%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Louisville, Burke County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30434 | 0.70% | 0.74% | 0.76% | 0.80% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Louisville, Burke County, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Louisville, Georgia. 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 Burke 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. The median home price in Burke County is $93,633. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code 30434 has both the highest and lowest median tax bills at $696. Being aware of these valuation processes in Louisville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Louisville, Burke County, Georgia
Source: Ownwell
$63,146
$89,540
$115,933
Average Louisville Assessed Value
$93,633
Average Burke County Assessed Value
$99,724
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Louisville, Burke County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30434 | $9,055 | $20,211 | $93,633 | $181,524 | $290,604 |
Source: Ownwell
Property Tax Bills Across Louisville, Burke County, Georgia
Property tax bills in Louisville, located in Burke County, GA, are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value, determined by the county assessor. For homeowners in Louisville, the median home price is $93,633. The property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including property location, local tax rates, and any applicable exemptions. For instance, in Louisville, the 25th percentile tax bill is $175, while the 75th percentile tax bill reaches $1,405. At the 90th percentile, homeowners might see a tax bill as high as $2,209. Comparatively, the national median property tax rate is 0.99%, making Louisville's property tax rates relatively moderate. These property taxes fund essential local services such as schools, public safety, and infrastructure. Understanding how these factors interplay helps homeowners anticipate their annual property tax obligations and manage their finances effectively.
Average Louisville Tax Bill
$696
Average Burke County Tax Bill
$840
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Louisville, Burke County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30434 | $81 | $175 | $696 | $1,405 | $2,209 |
Source: Ownwell