Lincolnton, Georgia Property Taxes
The median property tax rate in Lincolnton, GA is 1.04%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With a median home value of $86,260 in Lincolnton, the typical annual property tax bill is $911, significantly below the national median of $2,690. Property taxes in Lincolnton are calculated based on the tax assessed value, which usually falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Lincolnton'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 Lincolnton or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lincolnton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$897
$832
Ownwell’s Lincolnton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lincolnton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lincolnton 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 Lincolnton, Georgia
Property taxes in Lincolnton, Georgia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lincolnton is 1.04%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Lincolnton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lincolnton 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 Lincolnton's effective property tax rate to other areas in Georgia and the national median. For comparison, the 30817 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Lincolnton provides valuable insights into the varying tax landscape across Wilkes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lincolnton Tax Rate
1.04%
Average Wilkes County Tax Rate
1.14%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lincolnton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30817 | 0.62% | 0.86% | 1.04% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Lincolnton, Georgia
In Lincolnton, 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 Lincolnton, 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 Lincolnton 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 $911, highlighting a consistent tax environment across different zip codes.
Average Lincolnton Assessed Value
$86,260
Average Wilkes County Assessed Value
$74,526
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lincolnton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30817 | $29,223 | $58,644 | $86,260 | $171,284 | $198,307 |
Source: Ownwell
Property Tax Bills Across Lincolnton, Georgia
In Lincolnton, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Lincolnton can expect their property tax bills to vary significantly, with the 25th percentile tax bill being $534 and the 75th percentile reaching $1,511. For those at the 90th percentile, the tax bill can go up to $1,910. Several factors influence these tax bills, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The median home price in Lincolnton is $86,260, which provides a baseline for understanding these figures. Compared to the national median property tax rate of 0.99%, Lincolnton's property tax bills are relatively moderate, making homeownership here more affordable. As a result, homeowners in Lincolnton benefit from a balance of reasonable property values and manageable tax obligations.
Average Lincolnton Tax Bill
$911
Average Wilkes County Tax Bill
$892
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincolnton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30817 | $298 | $534 | $911 | $1,511 | $1,910 |
Source: Ownwell