Culloden, Georgia Property Taxes
The median property tax rate in Culloden, GA is 1.27%, significantly higher than both the national median of 0.99% and Georgia’s state median of 1.08%. With a median home value of $120,029 in Culloden, the typical annual property tax bill amounts to $1,297, which is below the national median of $2,690. Property taxes in Culloden are calculated based on the assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Culloden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Culloden or another part of Lamar County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Culloden, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,524
$1,480
Ownwell’s Culloden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Culloden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Culloden 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 Culloden, Georgia
Property taxes in Culloden, Georgia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Culloden is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Culloden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Culloden 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 Culloden's effective property tax rate to other areas in Georgia and the national median. For comparison, 31016 has the highest median property tax rate of 0.83%, while 31016 also has the lowest median tax rate of 0.83%. Understanding how these areas compare with Culloden provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Culloden Tax Rate
1.27%
Average Lamar County Tax Rate
1.27%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Culloden, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31016 | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Culloden, Georgia
In Culloden, 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 Lamar 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 Culloden, 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 Culloden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Culloden is 31016, with a tax bill of $1,297.00, while the lowest median tax bill is also $1,297.00 in the same zip code.
Average Culloden Assessed Value
$120,029
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 Culloden, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31016 | $24,848 | $36,554 | $120,029 | $211,996 | $329,744 |
Source: Ownwell
Property Tax Bills Across Culloden, Georgia
In Culloden, property tax bills are calculated based on the assessed value of a home, which is determined by the Lamar County tax assessor's office. This assessed value is typically a percentage of the property's market value. Homeowners in Culloden pay property taxes that contribute to local services such as schools, emergency services, and infrastructure. For instance, the median home price in Culloden is $120,029. The property tax rate in Lamar County is applied to this assessed value to determine the annual tax bill. Homeowners can expect a range of tax bills, with the 25th percentile at $463, the 75th percentile at $2,548, and the 90th percentile reaching up to $4,175. These figures illustrate the variation in tax burdens depending on property values and exemptions. Compared to the national median property tax rate of 0.99%, Culloden's tax rates reflect the unique economic and governmental needs of the area. Understanding these factors can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Culloden Tax Bill
$1,297
Average Lamar County Tax Bill
$2,035
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Culloden, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31016 | $315 | $463 | $1,297 | $2,548 | $4,175 |
Source: Ownwell