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Cobb Reporter

Thursday, November 21, 2024

Cobb County effective property tax rate in Q2 was lower than the national average

Realestate2

Property owners in Cobb County paid 0.6% of the value of their homes in property taxes in the second quarter of 2024, 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 2024 was $409,995, based on data from the 2,962 properties sold during that time. In 2024, the median tax bill for the county was $2,498, 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 and Kennesaw paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Kennesaw State University6$337,945$3,0690.9%
Kennesaw123$375,000$2,8760.8%
Fair Oaks39$270,000$1,9430.7%
Acworth115$358,100$2,5560.7%
Smyrna246$448,950$2,8830.6%
Vinings77$547,000$3,4130.6%
Mableton208$335,000$2,1690.6%
Austell51$277,000$1,7270.6%
Powder Springs116$337,500$2,0810.6%
Marietta270$393,975$8110.2%

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