Lake Park, Lowndes County, Georgia Property Taxes

Name: Property Tax Bills Across Lake Park, Lowndes County, Georgia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median LAKE PARK, GA effective property tax rate: 1.11%, slightly higher than the national median of 1.02%, but lower than the Georgia state median of 1.08%.
Median LAKE PARK, GA home value: $148,155
Median annual LAKE PARK, GA tax bill: $1,644, $756 lower than the national median property tax bill of $2,400.

How are property taxes in Lowndes calculated?

Property taxes in LAKE PARK, GA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding LAKE PARK’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LAKE PARK, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake Park, Lowndes County, Georgia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$1,645

$1,526

Ownwell’s Lake Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Park with just two data points.

By entering your property's estimated assessed value, our calculator applies Lake Park’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lowndes County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Park, Lowndes County, Georgia

Local government entities are responsible for setting tax rates, and these can differ significantly within a state. The reason behind this variation is that each county annually estimates its budget needed to provide essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. Though votes and laws play a role in determining tax rates and budgets, this is the essence of the annual process.

In Lake Park, located in Lowndes County, Georgia, the effective property tax rate can be compared to other cities within the state and against the median property tax rates in Georgia and the U.S. Interestingly, Lake Park's rate is aligned with both the highest and lowest median tax rates in the state, which is 1.11%. This figure surpasses the national median property tax rate of 1.02%. Such comparisons highlight the importance of understanding local property tax dynamics, as they can significantly impact homeowners. By analyzing these rates, property owners can better navigate their financial responsibilities and potentially seek opportunities for tax appeals or exemptions.

Property Tax Rates Across Lake Park, Lowndes County, Georgia

Source: Ownwell

0.93%

1.14%

1.34%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lake Park Tax Rate

1.11%

Median Effective Lowndes County Tax Rate

1.19%

Median Effective Georgia Tax Rate

1.08%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Park, Lowndes County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
31636	0.66%	0.92%	1.11%	1.33%	1.52%

Source: Ownwell

Property Tax Assessment Values Across Lake Park, Lowndes County, Georgia

When examining property taxes in Lake Park, Georgia, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lowndes County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lowndes County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Park. For example, the median home price in Lake Park is $148,155, with tax bills ranging significantly across the county. Zip code 31636 has the highest median home price at $148,155.

Property Tax Assessment Values Across Lake Park, Lowndes County, Georgia

Source: Ownwell

$81,937

$134,012

$186,087

Median Lake Park Market Value

$148,155

Median Lowndes County Market Value

$120,229

Median Georgia Market Value

$231,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Park, Lowndes County, Georgia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
31636	$59,443	$98,430	$148,155	$214,496	$292,504

Source: Ownwell

Property Tax Bills Across Lake Park, Lowndes County, Georgia

In Lake Park, Lowndes County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The tax rate, set by local authorities, is applied to this assessed value to determine the annual tax bill. For homeowners in Lake Park, the median tax bill is $1,644, which is significantly lower than the national median of $2,400. However, property tax bills can vary widely, with the 25th percentile at $978 and the 90th percentile reaching $3,415. These variations depend on factors such as property location, size, and improvements. High property taxes can impact homeowners by increasing the cost of owning a home and potentially affecting its resale value. Ownwell assists homeowners in Lake Park by providing expert property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only their fair share, maximizing savings and minimizing financial strain.

Property Tax Bills Across Lake Park, Lowndes County, Georgia

Source: Ownwell

$727

$1,389

$2,050

Median Lake Park Tax Bill

$1,644

Median Lowndes County Tax Bill

$1,427

Median Georgia Tax Bill

$2,212

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Park, Lowndes County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
31636	$475	$978	$1,644	$2,530	$3,415

Source: Ownwell