HOW TO CALCULATE CITY PROPERTY TAX:
The formula used to calculate property tax owed is Assessed Property Value (calculated at 40% of fair market value) minus exemptions (Basic Homestead, etc) multiplied by the millage rate.
Fair Market Value X 40% = Assessed Value – Exemptions X Millage Rate = Property Tax $100,000 x 40% = $40,000 – $2,000 x .006551 = $248.94
Stormwater fees are added on to property tax values for every residential and commercial property with an impervious area for a total amount due.
City of Duluth exemption amounts are as follows:
- Homestead $2,000.00
- Senior-65 or older $2,000.00 (Income limit 25,000.00 per year)
- 100% Disabled $2,000.00
- Disabled Veteran $81,080.00
- To file for both City and County exemptions, file with the Gwinnett County Tax Commissioners office at 75 Langley Drive, Lawrenceville, GA 30045, 770-822-8800.
- All address changes must also be made with the Gwinnett County Tax Commissioners office.