Lincolnton, Georgia Property Taxes
The median property tax rate in Lincolnton, GA is 1.05%, slightly higher than the national median of 0.99% but below the Georgia state median of 1.08%. With the median home value in Lincolnton at $138,830, the typical annual property tax bill is $1,535, which is lower than the national median of $2,690. Property taxes in Lincolnton are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lincolnton'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 Lincolnton or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lincolnton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,458
$1,353
Ownwell’s Lincolnton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lincolnton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lincolnton 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 Lincolnton, Georgia
Property taxes in Lincolnton, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lincolnton is 1.05%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Lincolnton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lincolnton 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 Lincolnton's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30817 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Lincolnton provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lincolnton Tax Rate
1.05%
Average Lincoln County Tax Rate
1.05%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lincolnton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30817 | 1.05% | 1.05% | 1.05% | 1.05% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Lincolnton, Georgia
In Lincolnton, 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 Lincoln 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 Lincolnton, 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 Lincolnton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lincolnton is $1535 in the 30817 zip code, which also has the lowest median tax bill, reflecting the uniformity in property taxes within the area.
Average Lincolnton Assessed Value
$138,830
Average Lincoln County Assessed Value
$136,950
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lincolnton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30817 | $24,720 | $55,200 | $138,830 | $252,300 | $384,240 |
Source: Ownwell
Property Tax Bills Across Lincolnton, Georgia
In Lincolnton, GA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Lincolnton is $138,830. Homeowners in Lincoln County can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $609 and the 75th percentile tax bill reaching $2,755. For those at the 90th percentile, tax bills can go up to $4,123. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. The local tax rate in Lincolnton is compared to the national median property tax rate of 0.99%, which helps put the local rates into perspective. The highest median tax bill in the area is $1,535, found in the 30817 zip code, which also holds the lowest median tax bill at the same amount, indicating a consistent tax rate across that region. This system ensures that property taxes are proportionate to property values, affecting homeowners based on the value of their property and the local tax rate.
Average Lincolnton Tax Bill
$1,535
Average Lincoln County Tax Bill
$1,507
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincolnton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30817 | $262 | $609 | $1,535 | $2,755 | $4,123 |
Source: Ownwell