Lavonia, Georgia Property Taxes
The median property tax rate in Lavonia, GA is 1.03%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With the median home value in Lavonia at $151,395, the typical annual property tax bill amounts to $1,562, which is below the national median of $2,690. Property taxes in Lavonia are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Lavonia'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 Lavonia or another part of Franklin County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lavonia, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,559
$1,447
Ownwell’s Lavonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lavonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lavonia 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 Lavonia, Georgia
Property taxes in Lavonia, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lavonia is 1.03%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Lavonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lavonia 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 Lavonia's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30553 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Lavonia provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lavonia Tax Rate
1.03%
Average Franklin County Tax Rate
1.03%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lavonia, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30553 | 0.70% | 0.96% | 1.03% | 1.03% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Lavonia, Georgia
In Lavonia, 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 Franklin County 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 Lavonia, 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 Lavonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lavonia is $1,562 in the 30553 zip code, while the lowest median tax bill is also $1,562 in the same zip code.
Average Lavonia Assessed Value
$151,395
Average Franklin County Assessed Value
$136,560
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lavonia, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30553 | $26,475 | $73,206 | $151,395 | $265,974 | $397,770 |
Source: Ownwell
Property Tax Bills Across Lavonia, Georgia
In Lavonia, Franklin County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Lavonia is $151,395. Homeowners can expect their property tax bill to vary significantly depending on several factors, including the home's assessed value and the local tax rate. For instance, tax bills in the 25th percentile are around $672, while those in the 75th percentile can reach $2,703. At the higher end, the 90th percentile tax bills can be as much as $4,003. These variations reflect differences in property values and potentially different assessment practices within the county. Comparatively, the national median property tax rate is 0.99%. For homeowners in Lavonia, understanding these factors is crucial as they directly impact the amount they pay annually. This can influence decisions on buying or selling property and budgeting for homeownership costs.
Average Lavonia Tax Bill
$1,562
Average Franklin County Tax Bill
$1,238
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lavonia, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30553 | $240 | $672 | $1,562 | $2,703 | $4,003 |
Source: Ownwell