For the first time in five years, most Gwinnett County property owners will see higher values on the county property assessment notices mailed Friday.
Gwinnett County Chief Appraiser Steve Pruitt said the recovering real estate market justifies raising values this year.
Assessments aren’t tax bills: It’s up to the Board of Commissioners and Board of Education to set their tax rates later this year.
However, higher assessments could mean higher tax bills for some property owners.
The $1.5 billion budget county commissioners approved in January assumed a modest increase in county property values. The Board of Commissioners will decide later this year where to set the county’s tax rate, county spokesperson Joe Sorenson said.
The Gwinnett County school district is scheduled to approve its budget in May. The school board expects to keep the same tax rate as last year to fund that budget, district spokesperson Sloan Roach said. But the higher values mean the district will raise more money even using the same tax rate. As required by state law, district officials expect to hold public hearings on the tax rate this spring.
Read more about Gwinnett’s rising property values and how to file an appeal on MyAJC.com.