Lamar County, Georgia Property Taxes
The median property tax rate in Lamar County is 1.27%, which is significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Lamar County at $156,221, the typical annual property tax bill reaches $2,035, which is below the national median of $2,690. Property taxes in Lamar County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Lamar County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Barnesville or another part of Lamar County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lamar County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,984
$1,841
Ownwell’s Lamar County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lamar County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lamar County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lamar County, Georgia
Property taxes in Lamar County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lamar County is 1.27%, which is higher than the U.S. national median of 0.99%. Local government entities within Lamar County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lamar County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lamar County's effective property tax rate with other counties in Georgia and the national median. For comparison, the city of Barnesville has one of the higher property tax rates in Georgia at 1.27%, while the city of Meansville boasts one of the lowest at 1.27%. Analyzing how Lamar County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lamar County Tax Rate
1.27%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lamar County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnesville | 1.27% | 1.27% | 1.27% | 1.41% | 1.41% |
| Culloden | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
| Griffin | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
| Jackson | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
| Meansville | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
| Milner | 1.27% | 1.27% | 1.27% | 1.27% | 1.36% |
| The Rock | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
| Yatesville | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
| Zebulon | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Lamar County, Georgia
In Lamar County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lamar County Appraisal District. The assessed value, however, 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. Assessment notices in Lamar County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Yatesville has the highest median tax bill at $2,991, while The Rock has the lowest at $700. Being aware of these valuation processes in Lamar County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Lamar County Assessed Value
$156,221
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lamar County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnesville | $25,537 | $68,261 | $134,361 | $224,880 | $321,837 |
| Culloden | $24,848 | $36,554 | $120,029 | $211,996 | $329,744 |
| Griffin | $65,469 | $177,758 | $213,490 | $251,846 | $346,554 |
| Jackson | $14,612 | $35,448 | $179,260 | $257,041 | $312,625 |
| Meansville | $9,254 | $27,828 | $114,181 | $255,212 | $405,304 |
| Milner | $24,044 | $102,060 | $195,478 | $274,490 | $377,954 |
| The Rock | $13,880 | $26,571 | $55,272 | $188,456 | $398,807 |
| Yatesville | $69,482 | $126,745 | $236,166 | $338,376 | $451,604 |
| Zebulon | $12,500 | $42,470 | $134,861 | $230,513 | $304,005 |
Source: Ownwell
Property Tax Bills Across Lamar County, Georgia
In Lamar County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, a median home price in Lamar County stands at $156,221. The local tax rate is applied to this assessed value to determine the annual property tax bill. Various factors influence the tax bill, including property location, home size, and any applicable exemptions. Homeowners in Lamar County experience a range of tax bills. At the 25th percentile, the tax bill is around $1,004, while at the 75th percentile, it rises to $3,064. For those in the 90th percentile, it can reach as high as $4,355. The highest median tax bill in the county is found in Yatesville at $2,991, whereas The Rock boasts the lowest at $700. These property tax bills can significantly impact homeowners' finances, making it crucial to understand how they are calculated and what factors contribute to their determination.
Average Lamar County Tax Bill
$2,035
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lamar County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnesville | $334 | $922 | $1,784 | $2,880 | $4,110 |
| Culloden | $315 | $463 | $1,297 | $2,548 | $4,175 |
| Griffin | $763 | $2,216 | $2,676 | $3,133 | $4,282 |
| Jackson | $185 | $479 | $2,219 | $3,194 | $3,933 |
| Meansville | $117 | $352 | $1,446 | $3,232 | $5,132 |
| Milner | $313 | $1,322 | $2,481 | $3,435 | $4,718 |
| The Rock | $176 | $353 | $700 | $2,386 | $5,050 |
| Yatesville | $880 | $1,594 | $2,991 | $4,271 | $5,719 |
| Zebulon | $158 | $538 | $1,708 | $2,909 | $3,850 |
Source: Ownwell