Suwanee, Georgia Property Taxes
The median property tax rate in Suwanee, GA is 1.20%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Suwanee at $435,210, the typical annual property tax bill reaches $5,139, exceeding the national median of $2,690. Property taxes in Suwanee are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Suwanee's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Suwanee or another part of Forsyth County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Suwanee, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$5,223
$5,072
Ownwell’s Suwanee Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Suwanee, Forsyth County. With just two data points, you can easily determine your property tax bill by entering your property's estimated assessed value. The calculator then applies the median tax rate in Suwanee to provide an accurate estimate. This insightful tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more localized trends, you can scroll down to find detailed information on neighborhood-level property tax data. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Suwanee, Georgia
Property taxes in Suwanee, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Suwanee is 1.20%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Suwanee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Suwanee estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Suwanee's effective property tax rate to other areas and the national median. For comparison, the zip code 30024 has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these rates compare with Suwanee provides valuable insights into the varying tax landscape across Forsyth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Suwanee Tax Rate
1.20%
Average Forsyth County Tax Rate
1.18%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Suwanee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30024 | 0.25% | 1.10% | 1.20% | 1.41% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Suwanee, Georgia
In Suwanee, Georgia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Forsyth County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Suwanee, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the median home price in Suwanee is $435,210, with tax bills ranging significantly. The 25th percentile tax bill is $3,880, while the 75th percentile reaches $6,765, and the 90th percentile hits $8,553. The highest and lowest median tax bills are both in the 30024 zip code, at $5,139. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Suwanee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Suwanee Assessed Value
$435,210
Average Forsyth County Assessed Value
$350,550
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Suwanee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30024 | $306,340 | $351,748 | $435,210 | $543,028 | $686,952 |
Source: Ownwell
Property Tax Bills Across Suwanee, Georgia
In Suwanee, Forsyth County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this region might see a range of tax bills depending on various factors such as property size, location, and local tax rates. The median home price in Suwanee stands at $435,210, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is around $3,880, while at the 75th percentile, it rises to approximately $6,765. At the 90th percentile, homeowners may face tax bills as high as $8,553. The highest median tax bill in the area is $5,139, found in the 30024 zip code. These property taxes are crucial as they fund local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors can help homeowners better anticipate their annual financial obligations.
Average Suwanee Tax Bill
$5,139
Average Forsyth County Tax Bill
$3,982
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Suwanee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30024 | $1,101 | $3,880 | $5,139 | $6,765 | $8,553 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
Links | |
|---|---|
| Forsyth Assessor's Office | |
| Phone | (770) 781-2106 |
| Website | qpublic.schneidercorp.com |
| boardofassessors@forsythco.com | |