Average Tax Assessment in Lowndes County
Real Estate Values and Property Tax Valuation in Lowndes County, Georgia
Lowndes County has a total of 35,292 properties with a cumulative value of $4.7B. This accounts for 0.59% of all real estate value in Georgia. Property taxes in Lowndes County totaled $53.5M, with the average homeowner paying $1,515 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Lowndes County is 1.14%, higher than the state average of 1.00%. Properties are typically 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 | |
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Lowndes Assessor | (662) 329-5700 |
Lowndes Assessor | (229) 671-2540 |
Lowndes Tax Commissioner | (229) 671-2579 |
Important Dates | |
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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 | |
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Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Not Available |
Charitable | Available |
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Real Estate Statistics in Lowndes County
Residential Property Taxes by Cities in Lowndes County
Lowndes County has an average property tax rate of 1.14%, which is slightly lower than the state average of 1.17%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in Lowndes County. For example, the city of Valdosta has the highest effective property tax rate at 1.17%, while the city of Naylor has the lowest effective property tax rate at 0.97%. This means that property owners in Valdosta will pay more in property taxes than those in Naylor.
Overall, Lowndes County has a relatively low property tax rate compared to other counties in the state. However, property owners should be aware that the effective property tax rate can vary significantly across the cities in the county. This means that property owners should research the effective property tax rate in their city before making any decisions about buying or selling property in Lowndes County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Lowndes 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Lowndes County.
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.
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Real Estate Values in Lowndes County
The data from Redfin shows that the median home price in Lowndes County, Georgia decreased by 3.71% from October 2022 to October 2023. This indicates that the housing market in Lowndes County is cooling off, as the median home price has decreased. Additionally, the home inventory in Lowndes County decreased by 22.7% from October 2022 to October 2023, indicating that there is less housing available in the area. This could be due to a decrease in demand for housing in the area, or an increase in the number of homes being sold. Overall, the data from Redfin suggests that the housing market in Lowndes County, Georgia is cooling off.
Average Home Value in Lowndes County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Lowndes County
Last updated: November 2023
Percent Change in New Home Listings in Lowndes County
Last updated: November 2023
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Mortgage Rates in Lowndes County
Lowndes County has a total of $1.7 billion in outstanding home mortgage loans, with 11,700 individual loans. This represents a significant portion of the total home value in the county, indicating that homeowners in Lowndes County are taking advantage of the current low interest rates to purchase or refinance their homes.
The median mortgage rate in Lowndes County varies across cities, with Valdosta having the highest rate at 3.99%, and Hahira having the lowest rate at 3.88%. This slight variation in rates can make a big difference in the total cost of a loan, so it is important for homeowners to shop around and compare rates before making a decision.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Lowndes County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Lowndes County.
Housing Expenses in Lowndes County, Georgia
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