Lumber City, Georgia Property Taxes
The median property tax rate in Lumber City, GA is 1.13%, which is notably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Lumber City at $25,855, the typical annual property tax bill amounts to $270, still below the national median of $2,690. Property taxes in Lumber City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Lumber City'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 Lumber City 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
Lumber City, 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 Lumber City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lumber City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lumber City 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 Lumber City, Georgia
Property taxes in Lumber City, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lumber City is 1.13%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Lumber City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lumber City 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 Lumber City's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31549 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Lumber City provides valuable insights into the varying tax landscape across Telfair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lumber City Tax Rate
1.13%
Average Telfair County Tax Rate
1.07%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lumber City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31549 | 0.37% | 0.75% | 1.13% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Lumber City, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lumber City, Georgia. 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 Telfair 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. Assessment notices in Lumber City 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. The median home price in Lumber City is $25,855, with tax bills ranging from $83 at the 25th percentile to $1,973 at the 90th percentile. The highest median tax bill is $270 in the 31549 zip code, which also has the lowest median tax bill. Understanding these valuation processes helps property owners identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Lumber City Assessed Value
$25,855
Average Telfair County Assessed Value
$41,812
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lumber City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31549 | $4,302 | $11,457 | $25,855 | $72,942 | $209,634 |
Source: Ownwell
Property Tax Bills Across Lumber City, Georgia
In Lumber City, Telfair County, GA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value of the home. For example, with a median home price of $25,855, homeowners in Lumber City can expect varying tax bills depending on the assessed value and applicable tax rate. Factors considered in calculating the tax bill include the property's assessed value, exemptions, and the local tax rate. Homeowners in Lumber City might see tax bills ranging from $83 at the 25th percentile to $801 at the 75th percentile, with some reaching up to $1,973 at the 90th percentile. Despite these variations, the highest median tax bill in the area is $270. This property tax system significantly impacts homeowners, as it determines their annual financial obligations. Understanding these factors helps homeowners plan their budgets and anticipate potential changes in their tax liabilities.
Average Lumber City Tax Bill
$270
Average Telfair County Tax Bill
$435
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lumber City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31549 | $22 | $83 | $270 | $801 | $1,973 |
Source: Ownwell