Average Tax Assessment in Lincoln County
Real Estate Values and Property Tax Valuation in Lincoln County, Georgia
Lincoln County has a total of 3,846 properties with a cumulative value of $586.0M. This accounts for 0.07% of all real estate value in Georgia. Property taxes in Lincoln County totaled $7.5M, with the average homeowner paying $1,963 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Lincoln County is 1.29%, higher than the state average of 1.00%. Properties are valued for tax purposes based on their fair 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 | |
|---|---|
| Lincoln Treasurer | (308) 534-4350 |
| Lincoln Assessor | (636) 528-6300 |
| Lincoln Assessor | (208) 886-2161 |
| Lincoln Assessor | (704) 736-8550 |
| 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 Lincoln County
Residential Property Taxes by Cities in Lincoln County
Lincoln County has an average property tax rate of 1.29%, which is slightly lower than the national average of 1.31%. This rate applies to all cities in the county, including Lincolnton and Tignall, which have the highest and lowest effective property tax rates, respectively. Property taxes collected in Lincoln County in 2023 are estimated to be around $7.5 million.
Property taxes in Lincoln County vary across cities, with Lincolnton having the highest effective property tax rate of 1.29%, while Tignall has the lowest effective property tax rate of 1.29%. The average property tax bill in Lincoln County is estimated to be around $1,963. Property taxes in Lincoln County are generally lower than the national average, making it an attractive option for homeowners looking to save on their tax bills.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Lincoln 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 |
|---|---|---|---|---|---|
| Lincolnton | $24,500 | $50,670 | $120,100 | $214,675 | $328,325 |
| Tignall | $19,408 | $36,970 | $98,400 | $189,305 | $283,510 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Lincoln County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lincolnton | $318 | $656 | $1,545 | $2,762 | $4,224 |
| Tignall | $250 | $476 | $1,266 | $2,436 | $3,648 |
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 |
|---|---|---|---|---|---|
| Lincolnton | 1.30% | 1.29% | 1.29% | 1.29% | 1.29% |
| Tignall | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% |
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Real Estate Values in Lincoln County
The data from Redfin shows that there is no change in the median home price in Lincoln County from October 2022 to October 2023. However, the home inventory in Lincoln County has increased from 22 in October 2022 to 24 in October 2023. This indicates that the housing market in Lincoln County is stable and there is an increase in the number of homes available for sale.
Average Home Value in Lincoln County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Lincoln County
Last updated: November 2023
Percent Change in New Home Listings in Lincoln County
Last updated: November 2023
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Mortgage Rates in Lincoln County
Mortgages in Lincoln County are a major factor in the local economy. According to recent statistics, there is a total of $87.1M in outstanding loan amounts across home mortgages in Lincoln County. This is equivalent to 619 outstanding loans, representing a significant percentage of total home value in the county. Additionally, there is a variation in median mortgage rates across the county, with Tignall having the highest median mortgage rate of 3.95%, while Lincolnton has the lowest median mortgage rate of 3.94%. This variation in rates is indicative of the competitive nature of the mortgage market in Lincoln County, with lenders offering different rates to attract potential borrowers. Overall, mortgages in Lincoln County are an important part of the local economy, with a significant amount of outstanding loan amounts and a competitive market for borrowers.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Lincoln County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lincolnton | $36,662 | $67,128 | $114,901 | $183,564 | $265,218 |
| Tignall | $32,425 | $53,090 | $86,417 | $139,394 | $241,949 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Lincoln County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lincolnton | 2.90% | 3.50% | 3.94% | 4.53% | 5.86% |
| Tignall | 2.90% | 3.20% | 3.95% | 4.50% | 5.71% |
Housing Expenses in Lincoln County, Georgia
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