Lagrange, Troup County, Georgia Property Taxes
The median property tax rate in LaGrange, GA is 1.12%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in LaGrange at $141,810, the typical annual property tax bill reaches $1,474, still below the national median of $2,690. Property taxes in LaGrange 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 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 Troup County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lagrange, Troup County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,588
$1,474
Ownwell’s LaGrange Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LaGrange with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LaGrange 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 Lagrange, Troup County, Georgia
Property taxes in LaGrange, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LaGrange is 1.12%, which is 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 areas in Georgia and the national median. For comparison, the 30241 zip code has the highest median property tax rate of 1.12%, while the 30240 zip code has the lowest median tax rate of 1.12%. Understanding how these areas compare with LaGrange provides valuable insights into the varying tax landscape across Troup County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lagrange Tax Rate
1.12%
Average Troup County Tax Rate
1.12%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lagrange, Troup County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30240 | 0.89% | 1.07% | 1.12% | 1.12% | 1.12% |
| 30241 | 0.78% | 1.06% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Lagrange, Troup County, 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 Troup 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 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. In LaGrange, the highest median tax bill is $1,641 in the 30240 zip code, while the lowest is $1,261 in the 30241 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lagrange, Troup County, Georgia
Source: Ownwell
$98,910
$138,128
$177,345
Average Lagrange Assessed Value
$141,810
Average Troup County Assessed Value
$135,885
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lagrange, Troup County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30240 | $49,154 | $89,600 | $156,200 | $234,200 | $347,500 |
| 30241 | $37,828 | $65,600 | $122,300 | $186,200 | $269,184 |
Source: Ownwell
Property Tax Bills Across Lagrange, Troup County, Georgia
In LaGrange, property tax bills are calculated based on the assessed value of a home, which is determined by the Troup County property assessor. The assessed value is typically a percentage of the market value of the property. Once the assessed value is established, local tax rates are applied to calculate the final tax bill. Homeowners in LaGrange face a range of property tax bills, with the 25th percentile paying around $728, while those in the 75th percentile see bills of about $2,233. The highest median tax bill recorded is $1,641 in the 30240 zip code, whereas the lowest median tax bill is $1,261 in the 30241 zip code. These property taxes fund essential local services such as public schools, emergency services, and infrastructure maintenance, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, LaGrange's tax rates and bills reflect the local economic conditions and property values, influencing how much homeowners ultimately pay.
Average Lagrange Tax Bill
$1,474
Average Troup County Tax Bill
$1,420
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lagrange, Troup County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30240 | $455 | $867 | $1,641 | $2,501 | $3,701 |
| 30241 | $336 | $618 | $1,261 | $1,960 | $2,838 |
Source: Ownwell