Berkeley Lake, Georgia Property Taxes
The median property tax rate in Berkeley Lake, GA is 1.08%, aligning with the state median but notably higher than the national median of 0.99%. With a median home value of $596,500, the typical annual property tax bill in Berkeley Lake reaches $6,274, significantly exceeding the national median of $2,690. Property taxes in Berkeley Lake are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Berkeley Lake'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 Berkeley Lake or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Berkeley Lake, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$6,442
$6,257
$1,148
Average Berkeley Lake, Georgia Tax Savings
Ownwell’s Berkeley Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Berkeley Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Berkeley Lake to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Berkeley Lake. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Berkeley Lake, Georgia
Property taxes in Berkeley Lake, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Berkeley Lake is 1.08%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Berkeley Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Berkeley Lake 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 Berkeley Lake's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30092 zip code has the highest median property tax rate of 1.10%, while the 30096 zip code has the lowest median tax rate of 1.07%. Understanding how these cities compare with Berkeley Lake provides valuable insights into the varying tax landscape across Gwinnett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Berkeley Lake Tax Rate
1.08%
Average Gwinnett County Tax Rate
1.09%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Berkeley Lake, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30092 | 0.40% | 1.04% | 1.10% | 1.19% | 1.28% |
| 30096 | 0.23% | 0.70% | 1.07% | 1.26% | 1.45% |
Source: Ownwell
$1,148
Average Berkeley Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Berkeley Lake, Georgia
In Berkeley Lake, 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 Gwinnett 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 Berkeley Lake, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For example, the highest median tax bill in the area is $6,448 in zip code 30092, while the lowest is $6,250 in zip code 30096. Being aware of these valuation processes in Berkeley Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Berkeley Lake Assessed Value
$596,500
Average Gwinnett County Assessed Value
$373,300
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Berkeley Lake, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30092 | $534,680 | $564,625 | $595,550 | $625,450 | $651,930 |
| 30096 | $447,820 | $515,200 | $596,500 | $735,200 | $980,860 |
Source: Ownwell
$1,148
Average Berkeley Lake Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Berkeley Lake, Georgia
In Berkeley Lake, Gwinnett County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. Homeowners in Berkeley Lake face property tax bills that range significantly. For instance, the 25th percentile tax bill stands at $4,117, while the 75th percentile reaches $8,048, and the 90th percentile peaks at $11,100. These figures are influenced by factors such as property location, home improvements, and local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Berkeley Lake experience varied tax burdens. Ownwell can help homeowners in Berkeley Lake save on their property tax bills by providing professional property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying. This tailored approach can lead to significant savings, making property ownership more affordable and manageable.
Average Berkeley Lake Tax Bill
$6,274
Average Gwinnett County Tax Bill
$4,152
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Berkeley Lake, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30092 | $2,454 | $5,694 | $6,448 | $7,202 | $8,102 |
| 30096 | $1,383 | $4,065 | $6,250 | $8,088 | $11,430 |
Source: Ownwell
$1,148
Average Berkeley Lake Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
Links | |
|---|---|
| Gwinnett Assessor's Office | |
| Phone | (770) 822-7200 |
| Website | gwinnettassessor.manatron.com |
| taxpayer.services@gwinnettcounty.com | |
Save money on your property taxes with Ownwell.
Enter your address.
With just your address Ownwell will analyze your property expenses to find you savings using real time market data, local expertise and AI.
Answer some questions.
The more we know about your property, the more we can save you. There's no up-front costs, it's risk-free to sign up. Only pay if you save!
Unlock your savings.
We gather evidence, file all documentation, and attend hearings on your behalf year after year, so you never overpay again.