Lula, Hall County, Georgia Property Taxes
The median property tax rate in Lula, GA is 1.09%, slightly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Lula at $201,100, the typical annual property tax bill reaches $2,251, which is still below the national median of $2,690. Property taxes in Lula are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lula'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 Lula or another part of Hall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lula, Hall County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$2,192
$2,034
Ownwell’s Lula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lula 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 Lula, Hall County, Georgia
Property taxes in Lula, Georgia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lula is 1.09%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Lula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lula 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 Lula's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30554 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Lula provides valuable insights into the varying tax landscape across Hall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lula Tax Rate
1.09%
Average Hall County Tax Rate
1.09%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lula, Hall County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30554 | 1.09% | 1.09% | 1.09% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Lula, Hall County, Georgia
In Lula, 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 Hall 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 Lula, 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. For instance, the median home price in Lula is $201,100. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,186 and the 75th percentile at $2,984. 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 Lula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lula, Hall County, Georgia
Source: Ownwell
$150,000
$286,250
$422,500
Average Lula Assessed Value
$201,100
Average Hall County Assessed Value
$259,200
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lula, Hall County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30554 | $43,440 | $111,400 | $201,100 | $279,101 | $413,986 |
Source: Ownwell
Property Tax Bills Across Lula, Hall County, Georgia
In Lula, located in Hall County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Lula can expect their tax bills to vary significantly depending on the market value of their property and the specific tax rate applied by the county. For instance, the median home price in Lula is $201,100. The property tax bill for homes in the 25th percentile is around $1,186, while those in the 75th percentile face tax bills closer to $2,984. At the 90th percentile, homeowners might see tax bills as high as $4,433. These figures highlight the range of property tax bills homeowners might encounter, depending on their property's value. Compared to the national median property tax rate of 0.99%, Lula's property taxes can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Lula Tax Bill
$2,251
Average Hall County Tax Bill
$2,651
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lula, Hall County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30554 | $464 | $1,186 | $2,251 | $2,984 | $4,433 |
Source: Ownwell