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How Much Georgia Homeowners Pay in Property Taxes Each Year

Property taxes are the lifeblood of local governments and municipalities across the United States, accounting for over 70% of all local tax revenue. Property taxes – such as taxes levied on homeowners and landowners – go to fund schools, parks, roads, and other public works and services.

While states typically impose a minimum property tax, property taxes are mostly determined at the local level – and are often a percentage of a property or home’s overall value. Depending on where you choose to buy a home, property taxes can range from negligible amounts to nearly matching a mortgage payment.

Across Georgia, the effective annual property tax rate stands at 0.87%, the 25th highest among states. For context, homeowners in the U.S. pay an average of 1.03% of their housing value in property taxes a year.

The effective property tax rate is calculated by taking the total amount of taxes paid on owner-occupied homes in a given area as a share of the total value of those homes. While an effective property tax rate is useful for comparing taxes at the state level, it is important to note that property tax rates can still vary considerably within a given state.

Because property taxes are typically levied as a share of a given home’s value, Americans living in places with higher home values often pay more in property taxes in dollar terms, even if the effective property tax rate is relatively low. In Georgia, the typical home is worth $202,500, lower than the national median home value of $240,500.

All data in this story is from the Tax Foundation, a tax policy research organization, and the U.S. Census Bureau’s 2019 American Community Survey.

RankStateEffective property tax rate (% of home value)Median home value ($)Median household income ($)
1New Jersey2.13348,80085,751
2Illinois1.97209,10069,187
3New Hampshire1.89281,40077,933
4Vermont1.76233,20063,001
5Connecticut1.73280,70078,833
6Texas1.60200,40064,034
7Nebraska1.54172,70063,229
8Wisconsin1.53197,20064,168
9Ohio1.52157,20058,642
10Iowa1.43158,90061,691
11Pennsylvania1.43192,60063,463
12Rhode Island1.37283,00071,169
13Michigan1.31169,60059,584
14New York1.30338,70072,108
15Kansas1.28163,20062,087
16Maine1.20200,50058,924
17South Dakota1.14185,00059,533
18Massachusetts1.08418,60085,843
19Minnesota1.05246,70074,593
20Maryland1.01332,50086,738
21Alaska0.98281,20075,463
22Missouri0.96168,00057,409
23Oregon0.91354,60067,058
24North Dakota0.88205,40064,577
25Georgia0.87202,50061,980
26Florida0.86245,10059,227
27Washington0.84387,60078,687
28Virginia0.84288,80076,456
29Oklahoma0.83147,00054,449
30Indiana0.81156,00057,603
31Kentucky0.78151,70052,295
32North Carolina0.78193,20057,341
33Montana0.74253,60057,153
34California0.70568,50080,440
35Idaho0.65255,20060,999
36Tennessee0.63191,90056,071
37Mississippi0.63128,20045,792
38Arkansas0.61136,20048,952
39Arizona0.60255,90062,055
40New Mexico0.59180,90051,945
41Delaware0.59261,70070,176
42Nevada0.56317,80063,276
43Utah0.56330,30075,780
44South Carolina0.53179,80056,227
45West Virginia0.53124,60048,850
46Colorado0.52394,60077,127
47Wyoming0.51235,20065,003
48Louisiana0.51172,10051,073
49Alabama0.37154,00051,734
50Hawaii0.31669,20083,102

by: Samuel Stebbins, 24/7 Wall St. via The Center Square

The Georgia Virtue
Written By

1 Comment

1 Comment

  1. Avatar

    Larry Savage

    March 5, 2022 at 9:09 am

    Local school boards also rely on property taxes for most of their operations. I’m assuming these numbers include that.
    One point that seems to often be misunderstood is taxation of homes vs commercial property. Georgia’s constitution requires “Uniformity of Taxation”, meaning that a taxing authority cannot discriminate between types of properties or property owners. Commercial property pays the same taxes as homeowners unless there is another provision of the constitution granting an exception.

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