Lakeland, Clinch County, Georgia Property Taxes
The median property tax rate in Lakeland, Georgia is 1.22%, higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Lakeland at $35,200, the typical annual property tax bill is $416, which is significantly lower than the national median of $2,690. Property taxes in Lakeland are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lakeland'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 Lakeland or another part of Clinch County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lakeland, Clinch County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$429
$399
Ownwell’s Lakeland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lakeland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lakeland 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 Lakeland, Clinch County, Georgia
Property taxes in Lakeland, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lakeland is 1.22%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Lakeland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lakeland 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 Lakeland's effective property tax rate to other areas in Georgia and the national median. For comparison, the 31635 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these figures compare with Lakeland provides valuable insights into the varying tax landscape across Clinch County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lakeland Tax Rate
1.22%
Average Clinch County Tax Rate
1.30%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lakeland, Clinch County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31635 | 0.87% | 0.97% | 1.22% | 1.33% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Lakeland, Clinch County, Georgia
In Lakeland, 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 Clinch 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 Lakeland, 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 Lakeland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 31635 has both the highest and lowest median tax bill at $416.00.
Property Tax Assessment Values Across Lakeland, Clinch County, Georgia
Source: Ownwell
$17,816
$34,258
$50,700
Average Lakeland Assessed Value
$35,200
Average Clinch County Assessed Value
$46,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lakeland, Clinch County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31635 | $12,600 | $18,965 | $35,200 | $76,380 | $108,320 |
Source: Ownwell
Property Tax Bills Across Lakeland, Clinch County, Georgia
In Lakeland, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Lakeland is $35,200. Once the assessed value is established, the local tax rate is applied to determine the tax bill. Factors such as property size, location, and any applicable exemptions or deductions also play a role in the final amount. Homeowners in Lakeland can expect varying tax bills depending on their property's assessed value. The 25th percentile tax bill is around $221, while those in the 75th percentile pay approximately $985. For higher-valued properties, the tax bill can reach up to $1,448 in the 90th percentile. The highest median tax bill recorded in the area is $416, which is significantly lower than the national median property tax rate of 0.99%. These property taxes contribute to essential public services such as schools, infrastructure, and emergency services, directly impacting the community and homeowners' quality of life.
Average Lakeland Tax Bill
$416
Average Clinch County Tax Bill
$564
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lakeland, Clinch County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31635 | $126 | $221 | $416 | $985 | $1,448 |
Source: Ownwell