Average Tax Assessment in Lee County
Real Estate Values and Property Tax Valuation in Lee County, Georgia
Lee County has 11,476 properties with a cumulative value of $2.1B, representing 0.27% of all real estate value in Georgia. Property taxes in Lee County totaled $24.1M, with the average homeowner paying $2,105 in property taxes, which is slightly lower than the state average of $2,360. The average property tax rate in Lee County is 1.14%, slightly higher than the state average of 1.00%. Property taxes are typically based on the assessed value of the property, which is usually lower than the market value.
The property tax timeline in Georgia begins on January 1st, when the property values are assessed. Property value notices are then issued between April and July, and property owners have 30 to 45 days after the notices are mailed to file an appeal. Finally, property tax bills are issued on September 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Lee Clerk | (979) 542-3684 |
| Lee Mapping/GIS | (815) 288-4483 |
| Lee Chancery Clerk | (662) 432-2100 |
| Lee Clerk of Circuit Court | (276) 346-7763 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - July |
| Property Tax Appeal Deadline: | 30 to 45 days after notices mailed |
| Property Tax Bills Issued: | September 1st |
| Real Property Tax Bill Due (1st of #): | May - December, Varies by jurisdiction, Fulton County - October 15th |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Not Available |
| Charitable | Available |
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Real Estate Statistics in Lee County
Residential Property Taxes by Cities in Lee County
Lee County has an average property tax rate of 1.14%, which is slightly lower than the national average of 1.19%. This rate is applied to the assessed value of a property, and the average Lee County property tax bill is estimated to be around $2,105. The effective property tax rate in Lee County varies across cities, with Smithville having the highest rate of 1.16% and Albany having the lowest rate of 1.13%. This means that property owners in Smithville will pay slightly more in taxes than those in Albany.
Overall, Lee County has a relatively low property tax rate compared to other counties in the state. This makes it an attractive option for those looking to purchase property in the area. However, it is important to note that the effective property tax rate can vary significantly across cities, so it is important to research the rates in the specific area you are looking to purchase in.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Lee County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | $122,076 | $152,850 | $191,440 | $247,555 | $304,020 |
| Leesburg | $46,402 | $111,840 | $156,900 | $213,800 | $288,740 |
| Smithville | $14,531 | $36,317 | $79,730 | $146,235 | $295,936 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Lee County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | $1,372 | $1,726 | $2,160 | $2,795 | $3,429 |
| Leesburg | $534 | $1,304 | $1,805 | $2,441 | $3,259 |
| Smithville | $193 | $466 | $983 | $1,733 | $3,296 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | 1.12% | 1.13% | 1.13% | 1.13% | 1.13% |
| Leesburg | 1.15% | 1.17% | 1.15% | 1.14% | 1.13% |
| Smithville | 1.33% | 1.28% | 1.23% | 1.19% | 1.11% |
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Real Estate Values in Lee County
Home prices in Lee County, Georgia have remained relatively stable from October 2022 to October 2023, as there has been no change in median home price. However, the home inventory in Lee County has decreased from 7 in October 2022 to 3 in October 2023, indicating a decrease in the number of homes available for sale. This could indicate an increase in demand for homes in Lee County, which could lead to an increase in home prices in the future.
Average Home Value in Lee County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Lee County
Last updated: November 2023
Percent Change in New Home Listings in Lee County
Last updated: November 2023
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Mortgage Rates in Lee County
Lee County is home to a large number of outstanding home mortgage loans, with a total of $598.8M in outstanding loans. This represents 4.1K loans, or approximately 4.1% of the total home value in the county. The median mortgage rate in Lee County varies significantly across cities, with Leesburg having the highest median rate of 4.%, and Albany having the lowest median rate of 3.98%. This variation in rates across cities can be attributed to differences in local economic conditions, as well as the availability of different types of mortgage products.
Overall, Lee County is a great place to purchase a home, as there are a variety of loan options available to borrowers. Furthermore, the relatively low median mortgage rate in the county makes it an attractive option for potential homebuyers. With the total outstanding loan amount across home mortgages in Lee County at $598.8M, it is clear that the county is a popular destination for those looking to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Lee County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | $78,129 | $107,271 | $139,341 | $198,683 | $250,360 |
| Leesburg | $65,001 | $93,686 | $128,244 | $176,439 | $246,711 |
| Smithville | $11,700 | $41,225 | $101,682 | $152,500 | $225,870 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Lee County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albany | 2.90% | 3.37% | 3.98% | 4.86% | 6.15% |
| Leesburg | 2.90% | 3.40% | 4.00% | 4.87% | 6.17% |
| Smithville | 2.91% | 3.09% | 3.98% | 4.99% | 6.24% |
Housing Expenses in Lee County, Georgia
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