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Lithia Springs, Georgia Property Taxes

The median property tax rate in Lithia Springs, GA is 1.09%, slightly above both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Lithia Springs at $175,085, the typical annual property tax bill amounts to $1,727, which is lower than the national median of $2,690. Property taxes in Lithia Springs are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lithia Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lithia Springs or another part of Cobb County, understanding the local property tax system will benefit both homeowners and real estate investors.

Last Updated June 14, 2024

Lithia Springs, Georgia Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.09%

Estimate Property Tax Bill

$1,908

$1,771

SAVE WITH OWNWELL

$1,148

Average Tax Savings

Ownwell’s Lithia Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lithia Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lithia Springs to provide an estimate of your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also demonstrates how Ownwell can assist in reducing property taxes in Lithia Springs. For those interested in neighborhood-level trends, more localized information is available below. 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 Lithia Springs, Georgia

Property taxes in Lithia Springs, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lithia Springs is 1.09%, higher than the U.S. national median of 0.99%. Local government entities within Lithia Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lithia Springs 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 Lithia Springs' effective property tax rate to other counties in Georgia and the national median. For comparison, the 30122 zip code has the highest median property tax rate of 1.09%, while the 30122 zip code has the lowest median tax rate of 1.09%. Understanding how these cities compare with Lithia Springs provides valuable insights into the varying tax landscape across Cobb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.

Property Tax Rates Across Lithia Springs, Georgia

Source: Ownwell

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0.37%

0.79%

1.21%

Average Lithia Springs Tax Rate

1.09%

Average Cobb County Tax Rate

1.00%

Average Georgia Tax Rate

1.08%

Average United States Tax Rate

0.99%

Property Tax Rates Across Lithia Springs, Georgia

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
301220.24%0.50%1.09%1.21%1.21%

Source: Ownwell

Property Tax Assessment Values Across Lithia Springs, Georgia

In Lithia Springs, 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 Cobb 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 Lithia Springs, 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 Lithia Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Lithia Springs, the median home price is $175,085. The 25th percentile tax bill is $758, while the 75th percentile tax bill is $2,362. The median tax bill for the highest and lowest zip codes, both in 30122, is $1,727.

Property Tax Assessment Values Across Lithia Springs, Georgia

Source: Ownwell

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$140,240

$334,605

$528,970

Average Lithia Springs Assessed Value

$175,085

Average Cobb County Assessed Value

$314,210

Average Georgia Assessed Value

$231,400

Average United States Assessed Value

$244,900

Property Tax Assessment Values Across Lithia Springs, Georgia

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
30122$113,818$143,725$175,085$223,215$300,158

Source: Ownwell

Property Tax Bills Across Lithia Springs, Georgia

In Lithia Springs, property tax bills are calculated based on the assessed value of a home, which is determined by the Cobb County tax assessor. The assessed value is typically a percentage of the market value. Homeowners then multiply this assessed value by the local tax rate to determine their annual tax bill. Factors such as property location, home size, and market conditions influence the assessed value, leading to variations in tax bills. For instance, in Lithia Springs, the median home price is $175,085, with tax bills ranging from $758 at the 25th percentile to $3,045 at the 90th percentile. The highest median tax bill in the area is $1,727, which is significantly lower than the national median property tax rate of 0.99%. Ownwell assists homeowners in Lithia Springs by providing property tax appeal and exemption services. By analyzing your property’s assessed value and comparing it with similar properties, Ownwell can identify discrepancies and help you file an appeal. This process can potentially lower your tax bill, ensuring you pay only what is fair.

Property Tax Bills Across Lithia Springs, Georgia

Source: Ownwell

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$1,358

$3,890

$6,422

Average Lithia Springs Tax Bill

$1,727

Average Cobb County Tax Bill

$2,603

Average Georgia Tax Bill

$2,212

Average United States Tax Bill

$2,690

Property Tax Bills Across Lithia Springs, Georgia

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
30122$362$758$1,727$2,362$3,045

Source: Ownwell

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