Locust Grove, Georgia Property Taxes
The median property tax rate in Locust Grove, GA is 1.14%, noticeably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Locust Grove at $321,100, the typical annual property tax bill reaches $3,739, surpassing the national median of $2,690. Property taxes in Locust Grove are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Locust Grove'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 Locust Grove or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Locust Grove, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$3,661
$3,555
$1,148
Average Locust Grove, Georgia Tax Savings
Ownwell’s Locust Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Locust Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Locust Grove to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Locust Grove. 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 Locust Grove, Georgia
Property taxes in Locust Grove, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Locust Grove is 1.14%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Locust Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Locust Grove 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 Locust Grove's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30248 zip code has the highest median property tax rate of 1.14%, while the same 30248 zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Locust Grove provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Locust Grove Tax Rate
1.14%
Average Henry County Tax Rate
1.15%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Locust Grove, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30248 | 0.23% | 0.91% | 1.14% | 1.46% | 1.55% |
Source: Ownwell
$1,148
Average Locust Grove Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Locust Grove, Georgia
In Locust Grove, 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 Henry 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 Locust Grove, 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. The median home price in Locust Grove is $321,100, with tax bills ranging from $2,314 at the 25th percentile to $6,042 at the 90th percentile. Notably, the zip code 30248 features both the highest and lowest median tax bills, each at $3,739. 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 Locust Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Locust Grove Assessed Value
$321,100
Average Henry County Assessed Value
$317,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Locust Grove, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30248 | $227,600 | $267,400 | $321,100 | $385,800 | $485,000 |
Source: Ownwell
$1,148
Average Locust Grove Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Locust Grove, Georgia
In Locust Grove, Henry County, GA, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine your tax bill. Factors such as property size, location, and improvements can influence this assessed value. For instance, with a median home price of $321,100, tax bills can vary significantly, ranging from $2,314 at the 25th percentile to $6,042 at the 90th percentile. This variability can make it challenging for homeowners to predict their annual tax expenses. Ownwell offers a solution by providing professional property tax appeal and exemption services. Our experts analyze your property’s assessed value and compare it with similar properties to identify discrepancies. By filing appeals and applying for eligible exemptions, we help homeowners reduce their property tax bills, ensuring they only pay their fair share. This not only saves money but also brings peace of mind, knowing that your property taxes are accurate and fair.
Average Locust Grove Tax Bill
$3,739
Average Henry County Tax Bill
$3,597
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Locust Grove, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30248 | $683 | $2,314 | $3,739 | $4,903 | $6,042 |
Source: Ownwell
$1,148
Average Locust Grove Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 17 |
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
Links | |
|---|---|
| Henry Assessor's Office | |
| Website | qpublic.schneidercorp.com |
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