Luthersville, Georgia Property Taxes
The median property tax rate in Luthersville, GA is 0.27%, significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $258,729, the typical annual property tax bill in Luthersville amounts to $792, which is well below the national median of $2,690. Property taxes in Luthersville are determined based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Luthersville'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 Luthersville or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Luthersville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.27%
Estimate Property Tax Bill
$699
$648
Ownwell’s Luthersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Luthersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Luthersville 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 Luthersville, Georgia
Property taxes in Luthersville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Luthersville is 0.27%, significantly lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Luthersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Luthersville 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 Luthersville's effective property tax rate to other counties in Georgia and the national median. For comparison, the area with the highest median property tax rate in Georgia has a rate of 1.52%, while the area with the lowest median tax rate has a rate of 0.45%. Understanding how these cities compare with Luthersville provides valuable insights into the varying tax landscape across Coweta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Luthersville Tax Rate
0.27%
Average Coweta County Tax Rate
0.80%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Luthersville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30251 | 0.15% | 0.15% | 0.27% | 0.58% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Luthersville, Georgia
In Luthersville, 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 Coweta 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 Luthersville, 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. The median home price in Luthersville is $258,729, with tax bills ranging from $383 at the 25th percentile to $2,328 at the 90th percentile. The highest and lowest median tax bills both occur in the 30251 zip code, valued at $792. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Luthersville Assessed Value
$258,729
Average Coweta County Assessed Value
$319,991
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Luthersville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30251 | $101,996 | $127,017 | $258,729 | $331,114 | $470,619 |
Source: Ownwell
Property Tax Bills Across Luthersville, Georgia
In Luthersville, Coweta County, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. Homeowners in this area can expect their tax bills to vary significantly, reflecting the diversity in property values and local tax rates. For instance, the median home price in Luthersville is $258,729. Property tax bills range widely, with the 25th percentile at $383 and the 75th percentile reaching up to $905. At the higher end, the 90th percentile sees tax bills as high as $2,328. The median property tax bill in Luthersville is $792, which is below the national median property tax rate of 0.99%. These variations are influenced by several factors, including property size, location, and any applicable exemptions or deductions. For homeowners, understanding these factors is crucial as it directly impacts their annual financial planning and overall cost of homeownership. The local tax environment in Luthersville provides a relatively affordable tax landscape compared to national standards.
Average Luthersville Tax Bill
$792
Average Coweta County Tax Bill
$2,379
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Luthersville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30251 | $263 | $383 | $792 | $905 | $2,328 |
Source: Ownwell