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North Gwinnett News

Saturday, October 12, 2024

Gwinnett County effective property tax rate in Q1 was lower than the national average

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Property owners in Gwinnett County paid 1.1% of the value of their homes in property taxes in the first quarter of 2024, which is less than 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 first quarter of 2024 was $396,000, based on data from the 1,952 properties sold during that time. In 2024, the median tax bill for the county was $4,298, which is 1.1% of the median value of the homes that were taxed.

This is 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 Grayson paid the highest tax rate of 1.2%.

The above article calculates the effective property tax rate for 2024 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 Grayson with some other cities belonging to Gwinnett County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2024.

CityQ1 2024 SalesQ1 2024 Median PriceMedian tax 2024Effective tax rate
Grayson7$446,000$5,3091.2%
Dacula29$355,000$3,8201.1%
Peachtree Corners77$535,000$5,6731.1%
Doraville2$386,450$4,2371.1%
Mountain Park40$360,000$3,8751.1%
Lilburn30$350,000$3,3851%
Sugar Hill63$491,000$4,8601%
Suwanee69$532,000$5,0621%
Lawrenceville80$340,500$3,4111%
Snellville90$354,850$3,2700.9%
Loganville5$375,000$3,2110.9%
Duluth77$440,000$3,9970.9%
Berkeley Lake6$715,000$6,7330.9%
Norcross37$460,000$3,6060.8%
Braselton25$815,000$4,9070.6%
Buford33$405,000$1,8780.5%

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