Lake Park, GA Property Tax: Rates & How to Save (2026)
Lake Park, GA property taxes: $2,318/year median. See rates, how to appeal in Lowndes County, and check your savings.
Key Takeaways
Median home value: $258,100 in Lake Park.Median annual tax bill: $2,318.Tax rate: Lowndes County's combined rate is 2.328%.Appeals filed with: Lowndes County Board of Assessors (not the city).Appeal deadline: 45 days from your assessment notice date.
Lake Park is a small Lowndes County city near the Florida border, where home values run about 20% above the county median -- pushing the typical tax bill past $2,300. Here's how to make sure your assessment is based on what comparable Lake Park homes are actually selling for.
Property Tax Rates in Lake Park
Lake Park property taxes are assessed and collected by Lowndes County. Georgia assesses all property at 40% of fair market value.
Here is how the tax math works for the median Lake Park home:
Fair Market Value (county assessment): $258,100
Assessed Value ($258,100 x 0.40): $103,240
Tax Rate (Lowndes County combined rate): 2.328%
Annual Tax Bill ($103,240 x 2.328%): $2,403
The Census Bureau reports a median annual tax bill of $2,318 for Lake Park, which reflects all levies including county, school, and city taxes.
How Lake Park Compares
Lake Park: $258,100
Lowndes County: $215,600
Georgia (statewide): $170,200
Homes in Lake Park are valued 20% above the Lowndes County median. Higher home values mean a larger tax bill - and a bigger potential payoff from a successful appeal. The median annual tax bill in Lake Park ($2,318) is 61% above Georgia's statewide median of $1,439. Home values in Lowndes County range from about $133,235 (25th percentile) to $307,534 (75th percentile), so your appeal savings depend heavily on where your home falls in that range.
How to Appeal Your Lake Park Property Tax
Property tax appeals in Lake Park are handled by the Lowndes County Board of Assessors. You have 45 days from the date of the assessment notice to file using the PT-311A form.
Based on a combined tax rate of 2.328%. Your actual rate may vary by tax district.
A 10% reduction on the median Lake Park home ($258,100 down by $25,810) would save approximately $240 per year - or $720 over three years with the 299c freeze.
The median annual property tax bill in Lake Park is $2,318, based on Census ACS 2024 data. Using Lowndes County's millage rate of 2.328%, the computed tax on the median home ($258,100) is approximately $2,403.
Who do I contact to appeal my Lake Park property tax?
Appeals are filed with the Lowndes County Board of Assessors, not at the city level. File a PT-311A form within 45 days of your assessment notice.
Why are Lake Park home values higher than the Lowndes County average?
Lake Park's premium reflects demand driven by school quality, proximity to employment centers, and neighborhood amenities. Higher values mean a larger potential overassessment -- a 10% overvaluation costs approximately $240 per year in excess taxes.
How is my Lake Park property tax bill calculated?
Georgia taxes property at 40% of fair market value. For Lake Park's median home ($258,100), the assessed value is $103,240. Multiply by Lowndes County's millage rate of 2.328% to get your annual bill. In smaller communities like Lake Park, the county may rely on limited data to set your value. If your home is unique or the comparable sales used are a poor match, there is a good chance your assessment is off.
What if there are few comparable sales near Lake Park?
In smaller communities, finding 3-5 recent sales of similar homes can be difficult. Expand your search to other parts of Lowndes County -- the BOE panel understands limited inventory in small towns. Look for homes with similar square footage, lot size, and condition even if they are several miles away.
Why is my Lake Park property tax bill so high?
The median tax bill in Lake Park is $2,318 -- 61% above Georgia's statewide median of $1,439. This reflects both higher home values and Lowndes County's combined millage rate. If your individual assessment is higher than what your home would actually sell for, you are paying even more than necessary.
Can my property tax go up if I appeal?
No. Georgia law (O.C.G.A. § 48-5-311) protects you: the county cannot raise your assessed value above what they originally set just because you filed an appeal. The Board of Equalization only rules on the disputed value. Worst case, your appeal is denied and you keep your current assessment -- your taxes will not increase as a result of appealing.