Georgia variant. This is a Georgia-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Georgia's effective property tax rate of 0.81% means the owner of a median $340,000 home pays roughly $2,754 per year - a figure that varies widely by state.
How Georgia property tax is calculated
Property tax = assessed value × local millage rate. The 0.81% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $340,000 Georgia median home, that works out to about $2,754/year or $230/month - often escrowed into your mortgage payment.
About taxes and housing in Georgia
Georgia has moved to a flat individual income tax that it plans to continue lowering over time.
Georgia keeps property taxes near the national average and offers a homestead exemption to reduce the taxable value of primary residences.
Georgia's economy centers on Atlanta as a transportation, film, and corporate hub, with agriculture and logistics important statewide.
Worked example: tax on a $340,000 home
$340,000 × 0.81% = $2,754 per year. A $500,000 home in Georgia would owe about $4,050 annually at the same effective rate.
Quick reference
- State income tax: Flat 5.39% as of 2024 (down from 5.49%)
- State sales tax: 4% (plus 3.40% avg local)
- Median home value: $340,000
- Median household income: $74,632
- Effective property tax rate: 0.81%
- Avg auto insurance: $1,648/yr
Frequently Asked Questions
What is the property tax rate in Georgia?
Georgia's effective property tax rate averages 0.81% of market value per year.
How much property tax on a $340,000 home in Georgia?
About $2,754 per year at the 0.81% effective rate.