Lula, Georgia Property Taxes
The median property tax rate in Lula, GA is 0.63%, significantly lower than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $360,730 in Lula, the typical annual property tax bill amounts to $2,382, which is below the national median of $2,690. Property taxes in Lula are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Lula's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Lula or another part of White County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lula, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$2,273
$2,109
Ownwell’s Lula Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lula with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lula 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 Lula, Georgia
Property taxes in Lula, Georgia, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Lula is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Lula set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lula 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 Lula's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30554 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these areas compare with Lula provides valuable insights into the varying tax landscape across White County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lula Tax Rate
0.63%
Average White County Tax Rate
0.79%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lula, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30554 | 0.48% | 0.54% | 0.63% | 0.72% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Lula, Georgia
In Lula, 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 White 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 Lula, 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 Lula helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Lula, the highest and lowest median tax bills are both $2,382 in the zip code 30554.
Average Lula Assessed Value
$360,730
Average White County Assessed Value
$217,870
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lula, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30554 | $312,482 | $320,600 | $360,730 | $417,870 | $456,606 |
Source: Ownwell
Property Tax Bills Across Lula, Georgia
In Lula, located in White County, GA, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and typically represents a percentage of the home's market value. The median home price in Lula is $360,730, which serves as a baseline for many assessments. Once the assessed value is established, local tax rates are applied to calculate the final tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Lula can expect tax bills to vary, with the 25th percentile tax bill at $2,067 and the 75th percentile at $2,695. For those in the 90th percentile, tax bills can reach up to $3,074. These property taxes fund essential local services such as schools, infrastructure, and emergency services, impacting the quality of life in Lula. While the national median property tax rate stands at 0.99%, Lula's rates reflect the community's specific needs and property values.
Average Lula Tax Bill
$2,382
Average White County Tax Bill
$1,541
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lula, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30554 | $1,682 | $2,067 | $2,382 | $2,695 | $3,074 |
Source: Ownwell