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Stone Mountain, Georgia Property Taxes

The median property tax rate in Stone Mountain, GA is 1.04%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With a median home value of $301,900 in Stone Mountain, the typical annual property tax bill reaches $3,257, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Stone Mountain'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 Stone Mountain 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

Stone Mountain, Georgia Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Average Tax Rate

1.04%

Estimate Property Tax Bill

$3,140

$3,050

SAVE WITH OWNWELL

$1,148

Average Stone Mountain, Georgia Tax Savings

Ownwell’s Stone Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stone Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stone Mountain 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 Stone Mountain. 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 Stone Mountain, Georgia

Property taxes in Stone Mountain, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stone Mountain is 1.04%, higher than the U.S. national median of 0.99%. Local government entities within Stone Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stone Mountain 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 Stone Mountain's effective property tax rate to other areas in Gwinnett County and the national median. For comparison, the 30083 zip code has the highest median property tax rate of 1.60%, while the 30087 zip code has the lowest median tax rate of 1.04%. Understanding how these areas compare with Stone Mountain 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.

Property Tax Rates Across Stone Mountain, Georgia

Source: Ownwell

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0.92%

1.26%

1.60%

Average Stone Mountain Tax Rate

1.04%

Average Gwinnett County Tax Rate

1.09%

Average Georgia Tax Rate

1.08%

Average United States Tax Rate

0.99%

Property Tax Rates Across Stone Mountain, Georgia

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
300831.60%1.60%1.60%1.60%1.60%
300870.26%0.56%1.04%1.52%1.57%

Source: Ownwell

Property Tax Assessment Values Across Stone Mountain, Georgia

In Stone Mountain, 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 Stone Mountain, 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. Being aware of these valuation processes in Stone Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Stone Mountain is $3,352 in the 30083 zip code, while the lowest is $3,257 in the 30087 zip code.

Property Tax Assessment Values Across Stone Mountain, Georgia

Source: Ownwell

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$209,700

$551,300

$892,900

Average Stone Mountain Assessed Value

$301,900

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 Stone Mountain, Georgia

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
30083$198,100$202,450$209,700$216,950$221,300
30087$235,080$262,800$302,100$354,600$435,680

Source: Ownwell

Property Tax Bills Across Stone Mountain, Georgia

In Stone Mountain, GA, property tax bills are calculated based on the assessed value of the home, which is typically a percentage of the market value. Gwinnett County uses an assessment ratio of 40%, meaning if your home’s market value is $301,900, the assessed value would be $120,760. This assessed value is then multiplied by the local millage rate to determine the tax bill. For instance, in Stone Mountain, the median tax bill ranges from $1,871 at the 25th percentile to $4,260 at the 75th percentile, with the highest median tax bill in zip code 30083 reaching $3,352. Several factors influence these tax calculations, including property improvements and local budget requirements. High property taxes can significantly impact homeowners, especially those on fixed incomes. Ownwell helps homeowners by identifying potential errors in the assessment and filing appeals to correct overvaluations. This service can lead to substantial savings, reducing the financial burden on property owners and ensuring they pay only their fair share.

Property Tax Bills Across Stone Mountain, Georgia

Source: Ownwell

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$1,565

$5,589

$9,612

Average Stone Mountain Tax Bill

$3,257

Average Gwinnett County Tax Bill

$4,152

Average Georgia Tax Bill

$2,212

Average United States Tax Bill

$2,690

Property Tax Bills Across Stone Mountain, Georgia

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
30083$3,172$3,240$3,352$3,465$3,532
30087$780$1,869$3,257$4,261$5,227

Source: Ownwell

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