Lagrange, Georgia Property Taxes
The median property tax rate in LaGrange, GA is 1.38%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in LaGrange, the typical annual property tax bill reaches $2,211, which is below the national median of $2,690. Property taxes in LaGrange are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LaGrange'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 LaGrange 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
Lagrange, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s LaGrange Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in LaGrange. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in LaGrange to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, scrolling down will reveal localized trends at the neighborhood level. Remember, your property's assessed value is determined by the county for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Lagrange, Georgia
Property taxes in LaGrange, Georgia, are critical for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LaGrange is 1.38%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within LaGrange set these rates annually, and they can vary significantly across different neighborhoods. Each year, LaGrange 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 LaGrange's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30241 zip code has the highest median property tax rate of 1.38%, while the same 30241 zip code also has the lowest median tax rate of 1.38%. Understanding how these regions compare with LaGrange provides valuable insights into the varying tax landscape across Meriwether County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lagrange Tax Rate
1.38%
Average Meriwether County Tax Rate
1.38%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lagrange, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30241 | 1.38% | 1.38% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Lagrange, Georgia
In LaGrange, 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 local 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 LaGrange, 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 LaGrange helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $2,211, found in the 30241 zip code.
Average Lagrange Assessed Value
$160,100
Average Meriwether County Assessed Value
$91,140
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lagrange, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30241 | $160,100 | $160,100 | $160,100 | $160,100 | $160,100 |
Source: Ownwell
Property Tax Bills Across Lagrange, Georgia
In LaGrange, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is typically a percentage of the home's market value. Homeowners in LaGrange, located in Meriwether County, can expect a median property tax bill of $2,211. This figure remains consistent across different percentiles, indicating a uniform tax rate within the area. Several factors influence the final tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, the local tax rate is applied to the assessed value to calculate the annual property tax. The uniformity in tax bills suggests a stable and predictable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, homeowners in LaGrange experience a competitive tax rate. Understanding these elements helps homeowners budget effectively and anticipate their annual property tax obligations, ensuring there are no surprises when the bill arrives.
Average Lagrange Tax Bill
$2,211
Average Meriwether County Tax Bill
$1,393
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lagrange, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30241 | $2,211 | $2,211 | $2,211 | $2,211 | $2,211 |
Source: Ownwell