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North Gwinnett News

Sunday, October 13, 2024

Analysis: Gwinnett County effective property tax rates were lower than the national average in Q2 2023

Re 9

Property owners in Gwinnett County paid 1% of the value of their homes in property taxes in the second quarter of 2023, which is less than 0.9 times the national average, according to the real estate analysis posted by North Gwinnett News.

The median sales price of a Gwinnett County home in the second quarter of 2023 was $400,000, based on data from the 2,878 properties sold during that time. In 2023, the median tax bill for the county was $4,142, which is 1% of the median value of the homes that were taxed.

This is 0.9 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Gwinnett County real estate data showed homeowners in Berkeley Lake paid the highest tax rate of 1.4%.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2022 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Berkeley Lake with some other cities belonging to Gwinnett County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Berkeley Lake9$480,000$6,4891.4%
Dacula29$335,000$3,6811.1%
Grayson41$470,000$5,1161.1%
Mountain Park74$327,950$3,7341.1%
Sugar Hill115$461,000$4,6831%
Suwanee114$498,000$4,8781%
Norcross71$365,000$3,4751%
Peachtree Corners140$558,250$5,4661%
Doraville2$398,700$4,0831%
Snellville115$350,000$3,1520.9%
Lilburn55$375,000$3,2620.9%
Lawrenceville93$375,000$3,2870.9%
Duluth111$415,000$3,8520.9%
Loganville21$431,000$3,0940.7%
Braselton36$777,500$4,7290.6%
Buford49$460,000$1,8100.4%

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