Quantcast

Cobb Reporter

Friday, November 22, 2024

Analysis: Cobb County effective property tax rates were lower than the national average in Q2 2023

Re 4

Property owners in Cobb County paid 0.6% of the value of their homes in property taxes in the second quarter of 2023, which is less than 0.5 times the national average, according to the real estate analysis posted by Cobb Reporter.

The median sales price of a Cobb County home in the second quarter of 2023 was $395,000, based on data from the 3,143 properties sold during that time. In 2023, the median tax bill for the county was $2,413, which is 0.6% of the median value of the homes that were taxed.

This is 0.5 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Cobb County real estate data showed homeowners in Kennesaw State University paid the highest tax rate of 0.8%.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The following table compares Kennesaw State University with some other cities belonging to Cobb County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2023.

CityQ2 2023 SalesQ2 2023 Median PriceMedian tax 2023Effective tax rate
Kennesaw State University4$350,000$2,9650.8%
Smyrna238$408,000$2,7850.7%
Kennesaw148$376,400$2,7790.7%
Vinings72$469,900$3,2970.7%
Acworth128$339,500$2,4690.7%
Mableton258$300,000$2,0960.7%
Fair Oaks28$308,800$1,8770.6%
Austell50$290,158$1,6680.6%
Powder Springs122$320,000$2,0110.6%
Marietta321$407,050$7830.2%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS