Lenox, Colquitt County, Georgia Property Taxes
Median Lenox, GA effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the Georgia state median of 1.08%.
Median Lenox, GA home value: $162,921
Median annual Lenox, GA tax bill: $1,285, $1,115 lower than the national median property tax bill of $2,400.
How are property taxes in Colquitt calculated?
Property taxes in Lenox, GA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lenox’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lenox, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lenox, Colquitt County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$1,352
$1,255
Ownwell’s Lenox Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lenox with just two data points. By entering your property's estimated assessed value, our calculator applies Lenox’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cook County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Lenox, Colquitt County, Georgia
Local government entities determine tax rates, which can significantly differ within a state. This happens because each county annually estimates the budget needed to provide services and divides that by the total value of all taxable property in its area. This calculation yields the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the annual process.
Lenox in Cook County, Georgia, presents an interesting case study. The effective property tax rate in Lenox is 0.83%, which is below the national median property tax rate of 1.02%. This means that residents of Lenox generally pay less in property taxes compared to the national average. Additionally, Lenox's tax rate aligns with the highest and lowest median tax rates in the state, both recorded at 0.83% in the 31637 zip code.
Understanding these figures is crucial for property owners, as they highlight how local tax rates can impact overall property tax bills, which in Lenox, are likely to be lower than the national median property tax bill of $2,400. By comparing Lenox's effective property tax rate to other areas, property owners can make informed decisions about their investments and potential savings.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lenox Tax Rate
0.83%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Colquitt County Tax Rate
0.91%
Median Effective Georgia Tax Rate
1.08%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lenox, Colquitt County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31637 | 0.58% | 0.77% | 0.83% | 0.89% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Lenox, Colquitt County, Georgia
When examining property taxes in Lenox, GA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Colquitt County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Colquitt County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lenox.
For example, the median home price in Lenox is $162,921, with tax bills ranging significantly across the county. Zip code 31637 has the highest median home price at $162,921.
Property Tax Assessment Values Across Lenox, Colquitt County, Georgia
Source: Ownwell
$33,824
$100,155
$166,486
Median Lenox Market Value
$162,921
Median Colquitt County Market Value
$87,526
Median Georgia Market Value
$231,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lenox, Colquitt County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31637 | $46,029 | $58,842 | $162,921 | $261,534 | $452,822 |
Source: Ownwell
Property Tax Bills Across Lenox, Colquitt County, Georgia
In Lenox, located in Colquitt County, GA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The tax rate applied to this assessed value dictates the final tax bill. Homeowners in Lenox face a median tax bill of $1,285, which is below the national median of $2,400. Factors influencing property tax bills include the home's assessed value and any applicable tax exemptions or deductions. The tax bill can significantly impact homeowners, especially as property values fluctuate over time.
Ownwell offers services to help homeowners in Lenox potentially reduce their property tax bills. By analyzing the assessed value of your property and identifying any discrepancies or opportunities for exemptions, Ownwell can assist in appealing your property tax assessment. This personalized approach ensures that homeowners are not overpaying on their property taxes, providing peace of mind and potential savings.
Median Lenox Tax Bill
$1,285
Median Colquitt County Tax Bill
$845
Median Georgia Tax Bill
$2,212
Median United States Tax Bill
$2,400
Property Tax Bills Across Lenox, Colquitt County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31637 | $350 | $556 | $1,285 | $1,839 | $3,257 |
Source: Ownwell