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South Gwinnett News

Friday, November 22, 2024

Analysis: Gwinnett County effective property tax rates were lower than the national average in Q3 2023

Realestate2

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

The median sales price of a Gwinnett County home in the third quarter of 2023 was $400,000, based on data from the 2,512 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 Dacula, Grayson, and Berkeley Lake paid the highest rates.

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 Dacula with some other cities belonging to Gwinnett County by their median effective property tax rate, calculated using sales and property tax data from the third quarter of 2023.

CityQ3 2023 SalesQ3 2023 Median PriceMedian tax 2023Effective tax rate
Dacula20$315,900$3,6811.2%
Grayson20$440,500$5,1161.2%
Berkeley Lake15$570,000$6,4891.1%
Sugar Hill92$484,750$4,6831%
Peachtree Corners103$525,000$5,4661%
Duluth107$404,500$3,8521%
Mountain Park45$385,000$3,7341%
Snellville101$354,000$3,1520.9%
Lilburn38$364,500$3,2620.9%
Loganville14$360,000$3,0940.9%
Suwanee95$523,000$4,8780.9%
Norcross44$399,000$3,4750.9%
Lawrenceville85$376,500$3,2870.9%
Braselton30$635,000$4,7290.7%
Buford49$460,000$1,8100.4%

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