Suwanee, Georgia Property Taxes
The median property tax rate in Suwanee, GA is 1.07%, slightly higher than the national median of 0.99% but just below the Georgia state median of 1.08%. With the median home value in Suwanee at $490,900, the typical annual property tax bill reaches $5,275, significantly 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 the city, 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
1.07%
Estimate Property Tax Bill
$5,253
$4,874
$1,148
Average Tax Savings
Ownwell’s Suwanee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Suwanee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Suwanee 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 Suwanee. 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 Suwanee, Georgia
Property taxes in Suwanee, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Suwanee is 1.07%, which is notably 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 counties in Georgia and the national median. For comparison, the 30024 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Suwanee 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 Suwanee Tax Rate
1.07%
Average Gwinnett County Tax Rate
1.09%
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 | 0.30% | 0.92% | 1.07% | 1.28% | 1.49% |
Source: Ownwell
$1,148
Average Suwanee Tax Savings
Save on your property taxes & more with 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 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 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. 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 Suwanee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Suwanee are both $5,275, found in zip code 30024.
Average Suwanee Assessed Value
$490,900
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 Suwanee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30024 | $345,470 | $411,725 | $490,900 | $599,000 | $750,530 |
Source: Ownwell
$1,148
Average Suwanee Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Suwanee, Georgia
Property tax bills in Suwanee, located in Gwinnett County, GA, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Suwanee is $490,900. Homeowners face significant tax bills, with the 25th percentile at $3,911 and the 75th percentile at $6,684, while the 90th percentile reaches up to $8,769. These figures are influenced by various factors, including property size, location, and market conditions. Homeowners in Suwanee can benefit from appealing their property tax assessments, potentially lowering their tax bills. Ownwell specializes in property tax appeals and exemption services, helping homeowners navigate the complexities of property tax laws. By leveraging expert knowledge and local market data, Ownwell can identify discrepancies in property assessments and work to reduce the tax burden. This service can lead to substantial savings, ensuring homeowners in Suwanee pay only their fair share of property taxes.
Average Suwanee Tax Bill
$5,275
Average Gwinnett County Tax Bill
$4,152
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 | $1,449 | $3,911 | $5,275 | $6,684 | $8,769 |
Source: Ownwell
$1,148
Average Suwanee 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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