Average Tax Assessment in Lumpkin County
Real Estate Values and Property Tax Valuation in Lumpkin County, Georgia
Lumpkin County has 11,218 properties with a cumulative value of $2.5B, representing 0.32% of all real estate value in Georgia. The average property tax rate in Lumpkin County is 0.78%, which is lower than the state average of 1.00%. Property taxes in Lumpkin County totaled $19.8M, with the average homeowner paying $1,769 in property taxes compared to the state average of $2,360. Property values for tax purposes are determined by the county's assessor's office, which assesses the fair market value of each property.
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 | |
|---|---|
| Lumpkin Assessor | (706) 864-2433 |
| Lumpkin Tax Commissioner | (706) 864-2666 |
| 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 Lumpkin County
Residential Property Taxes by Cities in Lumpkin County
Lumpkin County has an average property tax rate of 0.78%, which is slightly lower than the national average of 1.07%. This rate is applied to the assessed value of a property, and the average property tax bill in Lumpkin County is estimated to be around $1,769. Property taxes in Lumpkin County are relatively low compared to other counties in the state.
The effective property tax rate in Lumpkin County varies across cities. The highest effective property tax rate is in Dawsonville at 0.81%, while the lowest effective property tax rate is in Murrayville at 0.75%. This means that property owners in Dawsonville will pay slightly more in property taxes than those in Murrayville. However, the difference in rates is not significant, and property owners in both cities will still benefit from the relatively low property tax rates in Lumpkin County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Lumpkin 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 |
|---|---|---|---|---|---|
| Dahlonega | $49,413 | $117,626 | $184,442 | $274,365 | $405,951 |
| Dawsonville | $49,738 | $145,210 | $226,029 | $300,262 | $391,241 |
| Murrayville | $40,532 | $70,540 | $159,867 | $247,635 | $372,304 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Lumpkin County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dahlonega | $271 | $604 | $1,454 | $2,234 | $3,371 |
| Dawsonville | $301 | $652 | $1,922 | $2,658 | $3,497 |
| Murrayville | $303 | $510 | $1,292 | $2,011 | $2,858 |
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 |
|---|---|---|---|---|---|
| Dahlonega | 0.55% | 0.51% | 0.79% | 0.81% | 0.83% |
| Dawsonville | 0.61% | 0.45% | 0.85% | 0.89% | 0.89% |
| Murrayville | 0.75% | 0.72% | 0.81% | 0.81% | 0.77% |
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Real Estate Values in Lumpkin County
The median home price in Lumpkin County, Georgia decreased by 2.56% from October 2022 to October 2023, from $351.0K to $342.0K. This decrease in home prices is accompanied by a decrease in home inventory, from 113 in October 2022 to 106 in October 2023. This suggests that the housing market in Lumpkin County is cooling off, with fewer homes available and lower prices.
Average Home Value in Lumpkin County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Lumpkin County
Last updated: November 2023
Percent Change in New Home Listings in Lumpkin County
Last updated: November 2023
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Mortgage Rates in Lumpkin County
Lumpkin County has a total outstanding loan amount of $607.3M across home mortgages. This represents an estimated 3.4K outstanding loans in the county. The median mortgage rate in the county varies significantly across cities, with Murrayville having the highest median mortgage rate of 4%, while Dawsonville has the lowest median mortgage rate of 3.89%. This variation in mortgage rates across cities can have a significant impact on the total amount of money that homeowners in Lumpkin County will have to pay for their mortgages. On average, the total outstanding loan amount represents approximately 60% of the total home value in the county. This indicates that homeowners in Lumpkin County are taking on a significant amount of debt in order to purchase their homes.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Lumpkin County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dahlonega | $68,609 | $103,979 | $151,668 | $219,852 | $304,394 |
| Dawsonville | $91,081 | $131,130 | $181,846 | $240,274 | $301,067 |
| Murrayville | $54,247 | $96,160 | $137,950 | $179,728 | $248,381 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Lumpkin County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Dahlonega | 2.90% | 3.40% | 3.97% | 4.68% | 6.10% |
| Dawsonville | 2.90% | 3.20% | 3.89% | 4.50% | 6.06% |
| Murrayville | 2.90% | 3.43% | 4.00% | 4.64% | 6.12% |
Housing Expenses in Lumpkin County, Georgia
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