Locust Grove, Georgia Property Taxes
The median property tax rate in Locust Grove, GA is 0.77%, notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $269,560 in Locust Grove, the typical annual property tax bill amounts to $2,074, which is below the national median of $2,690. Property taxes in Locust Grove are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Locust Grove'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 Locust Grove 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
Locust Grove, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$2,076
$1,926
Ownwell’s Locust Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Locust Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Locust Grove 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 Locust Grove, Georgia
Property taxes in Locust Grove, Georgia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Locust Grove is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Locust Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Locust Grove 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 Locust Grove's effective property tax rate to other areas in Butts County and the national median. For comparison, the 30248 zip code has both the highest and lowest median property tax rate of 0.77%. Understanding how these figures compare with Locust Grove provides valuable insights into the varying tax landscape across Butts County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Locust Grove Tax Rate
0.77%
Average Butts County Tax Rate
0.88%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Locust Grove, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30248 | 0.41% | 0.63% | 0.77% | 0.92% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Locust Grove, Georgia
In Locust Grove, 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 Butts 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 Locust Grove, 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 Locust Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Locust Grove is $269,560, with tax bills ranging from $1,212 at the 25th percentile to $5,047 at the 90th percentile. The zip code 30248 has both the highest and lowest median tax bill, which is $2,074.
Average Locust Grove Assessed Value
$269,560
Average Butts County Assessed Value
$229,607
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Locust Grove, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30248 | $100,104 | $169,368 | $269,560 | $494,746 | $601,510 |
Source: Ownwell
Property Tax Bills Across Locust Grove, Georgia
In Locust Grove, Butts 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 local tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $269,560, homeowners can expect varying tax bills depending on the assessed value and applicable exemptions. Factors such as the property's location, improvements, and local government budget needs influence the assessed value. Homeowners in Locust Grove see tax bills ranging from $1,212 at the 25th percentile to $5,047 at the 90th percentile. The median tax bill stands at $2,074, which is significantly lower compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly. Properly assessed property taxes ensure that local services and infrastructure are adequately funded, directly impacting the quality of life in the community.
Average Locust Grove Tax Bill
$2,074
Average Butts County Tax Bill
$1,937
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Locust Grove, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30248 | $594 | $1,212 | $2,074 | $3,818 | $5,047 |
Source: Ownwell