Hoschton, Georgia Property Taxes
The median property tax rate in Hoschton, GA is 1.15%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Hoschton, the typical annual property tax bill reaches $5,827, exceeding the national median of $2,690. Property taxes in Hoschton 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 Hoschton'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 Hoschton 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
Hoschton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$5,975
$5,544
$1,148
Average Tax Savings
Ownwell’s Hoschton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hoschton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hoschton 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 Hoschton. 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 Hoschton, Georgia
Property taxes in Hoschton, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hoschton is 1.15%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Hoschton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hoschton 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 Hoschton's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30548 has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Hoschton 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 Hoschton Tax Rate
1.15%
Average Gwinnett County Tax Rate
1.09%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hoschton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30548 | 0.29% | 0.97% | 1.15% | 1.47% | 1.51% |
Source: Ownwell
$1,148
Average Hoschton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Hoschton, Georgia
In Hoschton, 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 Hoschton, 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 Hoschton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,827 in the 30548 zip code, which is also the lowest median tax bill.
Average Hoschton Assessed Value
$519,550
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 Hoschton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30548 | $334,600 | $397,500 | $519,550 | $610,125 | $770,550 |
Source: Ownwell
$1,148
Average Hoschton Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Hoschton, Georgia
In Hoschton, Gwinnett County, GA, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of its market value. With a median home price of $519,550, homeowners can expect varying tax bills. The tax bill at the 25th percentile is around $3,713, while those at the 75th and 90th percentiles are $7,262 and $8,970, respectively. These figures highlight the significant impact property taxes can have on your annual expenses. Factors such as property location, market value, and local tax rates all play a role in determining your final tax bill. Compared to the national median property tax rate of 0.99%, Gwinnett County's property taxes can be substantial, especially for higher-valued homes. Ownwell can assist homeowners in Hoschton by appealing inaccurate property assessments and identifying potential exemptions. By leveraging our expertise, homeowners can potentially save hundreds or even thousands of dollars on their property tax bills, ensuring they only pay their fair share.
Average Hoschton Tax Bill
$5,827
Average Gwinnett County Tax Bill
$4,152
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Hoschton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30548 | $1,519 | $3,713 | $5,827 | $7,262 | $8,970 |
Source: Ownwell
$1,148
Average Hoschton Tax Savings
Save on your property taxes & more with 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 | |
|---|---|
| Gwinnett Assessor's Office | |
| Phone | (770) 822-7200 |
| Website | gwinnettassessor.manatron.com |
| taxpayer.services@gwinnettcounty.com | |
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