Colorado vs Georgia
Property‑Tax Comparison: Colorado vs. Georgia
Brief Overview
Both Colorado and Georgia have relatively moderate property‑tax burdens compared with the national average, but the two states differ in rates, home values, and household incomes. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Colorado’s effective property‑tax rate is lower than Georgia’s, which results in lower annual taxes for comparable home values.
Side‑by‑Side Metrics
| Metric | Colorado | Georgia |
|---|---|---|
| Effective property‑tax rate | 0.49 % | 0.81 % |
| Median home value | $502,200 | $272,900 |
| Median annual property tax | $2,448 | $2,214 |
| Property tax on a $250,000 home | $1,219 | $2,028 |
| Property tax on a $500,000 home | $2,438 | $4,057 |
| Median household income | $92,470 | $74,664 |
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Tax Burden?
Winner (lower effective rate): Colorado
- Rate difference: 0.32 percentage points (Colorado 0.49 % vs. Georgia 0.81 %).
- Relative difference: Approximately 39.91 % lower than Georgia’s rate.
- Annual tax difference on a $250k home: $809 less in Colorado.
- Annual tax difference on a $500k home: $1,619 less in Colorado.
The lower effective rate means that, for a given property value, Colorado homeowners pay less in property tax than Georgia homeowners. This outcome is driven primarily by the lower tax rate rather than the higher median home price in Colorado.
Who Is This Comparison Most Relevant For?
| Audience | Why the Comparison Matters |
|---|---|
| Current Homeowners | Understanding how a change in residence could affect their annual tax liability. |
| Prospective Homebuyers | Assessing the long‑term cost of owning a home in each state, especially when budgeting for mortgage and taxes. |
| Retirees | Property‑tax levels influence fixed‑income budgeting; lower rates may reduce overall housing costs. |
| Real‑Estate Investors | Tax rates affect cash‑flow projections and return on investment calculations. |
The data are factual and state‑level; individual circumstances (such as local millage rates, exemptions, and assessment practices) can cause variations within each state. Users should consult the detailed pages for each state—Colorado property tax and Georgia property tax—for jurisdiction‑specific information.
Conclusion
Based on the most recent ACS estimates, Colorado’s effective property‑tax rate (0.49 %) is lower than Georgia’s (0.81 %). Consequently, Colorado generally imposes a smaller annual property‑tax bill on comparable home values, which may be advantageous for homeowners, prospective buyers, retirees, and investors seeking lower tax liabilities.
Explore More Comparisons
Discover how property taxes compare across all states in our comprehensive comparison guide.
Data Source
All figures are drawn from the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates). This comprehensive dataset provides reliable, standardized property tax information across all states.