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North Gwinnett News

Saturday, October 12, 2024

Effective property tax rate in Gwinnett County were lower than the national average in Q4 2023

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Property owners in Gwinnett County paid 1% of the value of their homes in property taxes in the fourth 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 fourth quarter of 2023 was $400,000, based on data from the 1,222 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 Grayson paid the highest tax rate of 1.2%.

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 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 fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Grayson10$430,500$5,1161.2%
Dacula15$325,000$3,6811.1%
Sugar Hill48$440,000$4,6831.1%
Mountain Park32$350,000$3,7341.1%
Norcross24$343,000$3,4751%
Peachtree Corners56$522,500$5,4661%
Berkeley Lake12$674,000$6,4891%
Snellville50$355,000$3,1520.9%
Lilburn21$355,200$3,2620.9%
Loganville3$356,000$3,0940.9%
Suwanee38$539,950$4,8780.9%
Lawrenceville33$374,900$3,2870.9%
Duluth50$464,750$3,8520.8%
Braselton14$886,500$4,7290.5%
Buford28$404,950$1,8100.4%

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