Georgia mortgage calculator

Property tax in Georgia

The median Georgia homeowner pays $2,341 a year in property tax on a home valued at $303,300, an effective rate of 0.7718% in the Census Bureau's American Community Survey (ACS 5-year 2020-2024). That ranks the 25th lowest of the 50 states and DC, at or below the middle state's 0.8003%. At that rate each $100,000 of home value carries about $772 a year of tax, or $64.32 a month in the payment, and that rate is what the calculator above starts from.

Inside Georgia the rate swings widely: the top county pays more than three times the bottom one. Among counties whose survey figures pass both quality checks, the effective rate runs from 0.333% in Fannin County to 1.3251% in Dougherty County. On a $303,300 home that gap is worth about $3,009 a year. Pick a county in the calculator to use its rate, or type the rate from a listing or a current tax bill.

The survey rate is what owners actually pay divided by what they say their homes are worth, with exemptions, caps and local levies folded in; it will not match any rate printed in Georgia law. Ask for the seller's latest bill and the assessed value too, since a new owner's assessment can differ from the long-held homes behind the median.

Georgia property tax rates by county

The 158 counties with published survey figures, out of 159 in Georgia (the survey has too few owner-occupied homes to publish a median for the other one), sorted from the highest effective rate to the lowest. The rate is the median tax paid divided by the median home value, from the ACS 5-year 2020-2024 survey (figures to December 31, 2024). Of these, 24 carry a flag: where the survey's margin of error is wide or home values hit the survey's top code, the calculator uses the Georgia median instead of that county's figure.

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Worked example: the median Georgia home

The median owner-occupied home in Georgia is valued at $303,300 (ACS 5-year 2020-2024). Put $60,660 down, enough to keep the loan at 80% of the price so no PMI is charged, and borrow the rest over 30 years at 7.4%, the Freddie Mac average for the week of October 15, 2026. Insurance is the calculator's default of $1,500 a year, the same figure on every state page and 6.2% of this payment; real premiums vary widely from state to state and with a home's exposure to wind, flood and wildfire, so replace it with a premium for the Georgia home you are pricing.

Principal and interest dominate the bill; tax and insurance, usually collected through escrow, add $320.07 a month, 16.0% of the total. Over the full term the $242,640 loan costs $362,157 in interest.

With $30,330 down instead, the loan grows to $272,970 and PMI of $113.74 a month is added, for a first payment of $2,323.80. On the regular schedule the PMI stops after 10 years, with the payment in October 2036. A 15-year loan at the 6.71% average, with the larger down payment, raises the monthly figure to $2,461.84 but cuts the interest to $142,878.

What the median Georgia wage can buy

The median annual wage in Georgia is $48,170 (BLS wage survey, May 2025). Paid every two weeks as a single filer, that leaves about $3,269 a month after federal and Georgia paycheck deductions. With $60,000 saved for a down payment and $400 a month of other debts, the home affordability calculator's default 28/36 rule gives this range at 7.4% and the Georgia property tax rate:

Here the limit is total debt: the housing payment plus the other $400 a month reaches 36% of gross pay first. The target falls $126,806 short of the $303,300 median home value: the median home costs 6.3 times the median wage, so a typical Georgia purchase usually needs a second income, a larger down payment or a cheaper area.

Everyday costs help: Georgia's prices for goods and rent run 3.7% below the national average, by the Bureau of Economic Analysis price parities for 2024 (figures to December 31, 2024). That stretches the median wage to about $50,024 in national dollars.