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South Gwinnett News

Tuesday, October 15, 2024

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

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Property owners in Gwinnett County paid 1% of the value of their homes in property taxes in the second quarter of 2024, 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 second quarter of 2024 was $425,000, based on data from the 2,673 properties sold during that time. In 2024, the median tax bill for the county was $4,298, 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, Grayson, and Mountain Park paid the highest rates.

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 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 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Berkeley Lake9$540,000$6,7331.2%
Grayson20$470,500$5,3091.1%
Mountain Park66$357,000$3,8751.1%
Snellville118$340,000$3,2701%
Dacula32$400,000$3,8201%
Sugar Hill100$470,000$4,8601%
Suwanee93$521,000$5,0621%
Norcross44$348,000$3,6061%
Lawrenceville95$350,000$3,4111%
Lilburn52$377,450$3,3850.9%
Peachtree Corners122$597,500$5,6730.9%
Duluth114$432,500$3,9970.9%
Loganville19$380,000$3,2110.8%
Braselton27$848,000$4,9070.6%
Buford51$515,000$1,8780.4%

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