Example of Lumpkin County Property Tax Calculation
Lumpkin County calculates property taxes based on the assessed value of the property. The assessed value is determined by the Lumpkin County Tax Assessor's Office, which takes into account the fair market value of the property and any improvements made to it.
Once the assessed value is determined, it is multiplied by the millage rate, which is set by the Lumpkin County Board of Commissioners. For example, if the assessed value of a property is $100,000 and the millage rate is 10 mills, the property tax would be $1,000 (10 mills x $100,000).
In addition to the base property tax, there may be additional taxes such as school district taxes or special assessments for things like road improvements. These additional taxes are also calculated based on the assessed value of the property and the applicable millage rates.
Property owners in Lumpkin County have the option to pay their property taxes in full or in installments. If paying in installments, the property owner must pay the first installment by the due date listed on the tax bill and subsequent installments at regular intervals until the full amount is paid.
It is important to note that property tax rates and assessments can vary from year to year, and property owners should check with the Lumpkin County Tax Assessor's Office for the most up-to-date information.
If you want appeal your property tax assessment - contact your local tax assessor.
Lumpkin County Property Tax Rates
Lumpkin County Property Tax Rates Table:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.87 |
| City of Dahlonega | $0.88 |
| City of Dawsonville | $0.44 |
| School | $0.95 |
| State | $0.617 |
| Total | $3.87 |
The table above lists the Lumpkin County property tax rates per $100 of assessed value for various taxes. The county tax rate is $0.87, while the City of Dahlonega and the City of Dawsonville have rates of $0.88 and $0.44, respectively. The school tax rate is $0.95, and the state tax rate is $0.617. The total tax rate, which includes all taxes, is $3.87 per $100 of assessed value.
Who sets property tax rates in Lumpkin County ?
Who sets property tax rates in Lumpkin County?
The property tax rates in Lumpkin County, Georgia are set by the Lumpkin County Board of Commissioners.
When are property tax rates set in Lumpkin County?
The property tax rates are typically set annually during the budgeting process, which takes place in the months leading up to the county's fiscal year. The fiscal year for Lumpkin County runs from July 1st to June 30th of the following year.
It's important to note that property tax rates can fluctuate from year to year based on various factors, such as changes in property values and budgetary needs. Property owners in Lumpkin County can expect to receive their annual property tax bills in the mail during the early part of the fiscal year.
Homestead exemptions in Lumpkin County ?
In Lumpkin County, Georgia, homeowners can take advantage of several Homestead exemptions and deductions to reduce their property tax bills. Below is a table that lists all the county-specific exemptions and deductions, along with their eligibility requirements, exemption amounts, and any important notes.
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic Homestead Exemption | Owner-occupied primary residence, must apply by April 1st | Up to $2,000 | Must have owned and occupied the home on January 1st of year |
| Senior Citizen Exemption | Age 65 or older, must apply by April 1st | Up to $4,000 | Must have owned and occupied the home on January 1st of year |
| Disability Exemption | Disabled, must apply by April 1st | Up to $12,000 | Must have a doctor's certificate of disability |
| Surviving Spouse Exemption | Surviving spouse of a deceased homeowner, must apply by April 1st | Up to $5,000 | Must have owned and occupied the home on January 1st of year |
| Conservation Use Assessment | Property used for conservation purposes, must apply by April 1st | Varies | Must meet certain qualifications for conservation use |
It's important to note that homeowners can only claim one of the above exemptions or deductions per property. Additionally, only properties that are used as a primary residence and are owned and occupied by the applicant on January 1st of the year can qualify for these exemptions and deductions.
By taking advantage of these Homestead exemptions and deductions, Lumpkin County homeowners can significantly reduce their property tax bills. It's important to make sure you meet all the eligibility requirements and apply by the deadline to ensure you receive the full benefit.
When is Lumpkin County Property Tax due ?
Lumpkin County Property Tax Due Date and Payment Methods
Lumpkin County Property Tax is typically due on November 15th of each year. However, if November 15th falls on a weekend or holiday, the due date is extended to the following business day. It is important to note that failure to pay property taxes on time can result in penalties and interest charges.
There are several payment methods available for Lumpkin County Property Tax. These include:
- Online Payment: Lumpkin County Tax Commissioner's website accepts online payments using Visa, Mastercard, Discover, or American Express credit/debit cards. A convenience fee will be charged for this service.
- Mail-in Payment: Property owners can mail in a check or money order along with their payment stub to the Lumpkin County Tax Commissioner's office. The envelope must be postmarked on or before the due date to avoid penalties.
- In-person Payment: Property owners can make payments in person at the Lumpkin County Tax Commissioner's office located at 99 Courthouse Hill, Suite A, Dahlonega, GA 30533. The office accepts cash, check, or money order.
For more information regarding Lumpkin County Property Tax payment methods and due dates, please visit Lumpkin County Tax Commissioner's website or contact their office at (706) 482-2700.
| Payment Method | Accepted Forms of Payment | Convenience Fee |
|---|---|---|
| Online Payment | Visa, Mastercard, Discover, American Express | Yes |
| Mail-in Payment | Check, Money Order | No |
| In-person Payment | Cash, Check, Money Order | No |
If you have more questions - contact your local tax collector.
How is Lumpkin County Property Tax penalty calculated ?
Lumpkin County Property Tax Penalty Calculation
When a property owner fails to pay their property taxes on time, they may incur penalties. In Lumpkin County, Georgia, property tax penalties are calculated based on the amount of taxes owed and the length of time the payment is past due.
The penalty for late payment of property taxes is 1% per month or any part of a month until the taxes are paid in full. This penalty is applied to the unpaid balance of taxes owed, including any interest that has accrued.
For example, if a property owner owes $3,000 in property taxes and fails to pay on time, they will be charged a penalty of 1% for each month the payment is past due. If the payment is 30 days late, the penalty will be 1% of $3,000, or $30. If the payment is 60 days late, the penalty will be 2% of $3,000, or $60. The penalty will continue to increase each month until the taxes are paid in full.
In addition to the penalty for late payment, interest is also charged on the unpaid balance of taxes owed. The interest rate in Lumpkin County is currently 1% per month or any part of a month.
It is important for property owners to pay their taxes on time to avoid penalties and interest charges. If you have any questions about your property taxes or penalty calculation, you can contact the Lumpkin County Tax Commissioner's office for assistance.
We recommend contacting the Lumpkin County Tax Office or a local tax professional for the most up-to-date and accurate information.