The Gwinnett County property tax is one of the most important taxes a property owner in Gwinnett County needs to pay. It helps to fund essential services and infrastructure in the county, such as roads, schools, and public safety. As a property owner in Gwinnett County, it is important to understand how the property tax works and how to pay it. In this article, we’ll take a look at everything you need to know about Gwinnett County property tax in 2023.
How Property Tax is Calculated in Gwinnett County
The property tax rate in Gwinnett County is determined by the Board of County Commissioners. It is calculated as a percentage of the appraised value of a property. The appraised value is determined by the county’s assessor every two years and is based on the current market value of the property. The property tax rate for 2023 is set at 1.2%.
The property tax rate is calculated by multiplying the appraised value of the property by the property tax rate. For example, if your property is appraised at $200,000 and the property tax rate is 1.2%, then your property tax bill would be $2,400 ($200,000 multiplied by 1.2%).
How Property Taxes are Used in Gwinnett County
Property taxes are one of the main sources of revenue for the county and are used to fund essential services, such as schools, roads, public safety, and other infrastructure projects. The money collected from property taxes is also used to pay the salaries of county employees, such as teachers, police officers, and firefighters.
When is the Property Tax Due?
The Gwinnett County property tax is due on December 31st of each year. Property owners can pay their taxes online or by mail. If paying by mail, the payment must be postmarked by December 31st. Late payments will incur a penalty of 1.5% of the amount due for each month or part of a month the payment is late.
How to Appeal Your Property Tax Assessment
If you feel that your property tax assessment is incorrect, you can file an appeal with the Board of Tax Assessors. You must file your appeal within 45 days of the date of your tax assessment notice. The Board of Tax Assessors will review your appeal and decide whether to reduce your assessment.
How to Get a Property Tax Exemption
Gwinnett County allows property owners to apply for a property tax exemption. The exemptions are available for homeowners, veterans, senior citizens, disabled persons, and non-profit organizations. The property tax exemption can reduce your property tax bill by up to 100%. To apply for a property tax exemption, you must fill out the appropriate form and submit it to the Board of Tax Assessors.
What Else Should You Know About Property Taxes in Gwinnett County?
Property taxes in Gwinnett County are due every year on December 31st. If you fail to pay your taxes by the due date, you may be subject to late fees and penalties. You may also be subject to a lien on your property if your taxes remain unpaid for too long. Additionally, you can appeal your property tax assessment if you feel it is too high. Finally, there are several property tax exemptions available that can reduce your property tax bill by up to 100%.
Conclusion
Gwinnett County property taxes are an important source of revenue for the county. As a property owner in Gwinnett County, it is important to understand how the property tax works and how to pay it. Understanding the property tax rate and how it is calculated, as well as how it is used, can help you plan for your tax payments and take advantage of available exemptions.
