Georgia vs Louisiana
Property‑Tax Comparison: Georgia vs. Louisiana
Summary – Both Georgia and Louisiana levy property taxes that fund local services such as schools, roads, and public safety. Using the most recent data from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), Louisiana’s effective property‑tax rate is lower than Georgia’s, resulting in smaller annual tax bills for comparable home values.
Side‑by‑Side Metrics
| Metric | Georgia | Louisiana |
|---|---|---|
| Effective property‑tax rate | 0.81 % | 0.55 % |
| Median home value | $272,900 | $208,700 |
| Median annual property tax | $2,214 | $1,146 |
| Property tax on a $250,000 home | $2,028 | $1,373 |
| Property tax on a $500,000 home | $4,057 | $2,746 |
| Median household income | $74,664 | $60,023 |
All figures are drawn from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Tax Burden?
Winner (lower effective tax rate): Louisiana
- Rate difference: 0.26 percentage points, which equals a 32.32 % lower effective rate than Georgia’s 0.81 %.
- Annual tax difference for a $250 k home: $655 less in Louisiana.
- Annual tax difference for a $500 k home: $1,311 less in Louisiana.
Because the effective tax rate directly determines the amount owed on any assessed value, the lower rate in Louisiana produces consistently lower property‑tax payments across the home‑price spectrum.
Who Benefits Most from This Comparison?
| Audience | Relevance of the Data |
|---|---|
| Current or prospective homeowners | Understanding the relative tax burden helps assess total housing costs when choosing between the two states. |
| Retirees | Property taxes often represent a sizable portion of fixed‑income expenses; a lower rate can improve affordability for retirees on limited budgets. |
| Real‑estate investors | Lower taxes affect cash‑flow projections and net operating income calculations for rental properties. |
| Policy analysts & local governments | The comparative rates provide context for evaluating fiscal policy and funding needs across jurisdictions. |
The comparison is most useful for anyone whose primary concern is the ongoing cost of owning real property, rather than for those focusing solely on income taxes, sales taxes, or other fiscal considerations.
Sources
- According to the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates), the effective property‑tax rates and related metrics are as listed above.
For more detailed information on each state’s property‑tax structure, see:
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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.