Locust Grove, Georgia Property Taxes
The median property tax rate in Locust Grove, GA is 1.50%, significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Locust Grove, the typical annual property tax bill reaches $3,574, surpassing the national median of $2,690. Property taxes in Locust Grove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Locust Grove'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 Locust Grove 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
Locust Grove, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$3,831
$3,721
Ownwell’s Locust Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Locust Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Locust Grove 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 Locust Grove, Georgia
Property taxes in Locust Grove, Georgia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Locust Grove is 1.50%, which is significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Locust Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Locust Grove 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 Locust Grove's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30248 has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Locust Grove provides valuable insights into the varying tax landscape across Spalding County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Locust Grove Tax Rate
1.50%
Average Spalding County Tax Rate
1.55%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Locust Grove, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30248 | 0.85% | 1.10% | 1.50% | 1.73% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Locust Grove, Georgia
In Locust Grove, 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 Spalding 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 Locust Grove, 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 Locust Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,574, found in the 30248 zip code.
Average Locust Grove Assessed Value
$255,371
Average Spalding County Assessed Value
$111,332
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Locust Grove, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30248 | $51,619 | $189,212 | $255,371 | $292,484 | $439,005 |
Source: Ownwell
Property Tax Bills Across Locust Grove, Georgia
In Locust Grove, Spalding County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Locust Grove is $255,371. Homeowners can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill stands at $2,107, while the 75th percentile reaches $4,796, and the 90th percentile climbs to $6,796. These figures indicate the range of property tax burdens that homeowners may face. The property tax rate in Locust Grove is determined by local taxing authorities and can be influenced by various factors, including the budgetary needs of the county and the value of properties within the area. Compared to the national median property tax rate of 0.99%, Locust Grove's property tax rates can result in higher tax bills for some homeowners, especially those with higher-valued properties. This can significantly impact household budgets, making it essential for homeowners to understand their property's assessed value and the local tax rate.
Average Locust Grove Tax Bill
$3,574
Average Spalding County Tax Bill
$1,423
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Locust Grove, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30248 | $756 | $2,107 | $3,574 | $4,796 | $6,796 |
Source: Ownwell