Georgia vs Minnesota
Property‑Tax Comparison: Georgia vs. Minnesota
Introduction
Both Georgia and Minnesota levy property taxes that fund local services such as schools, roads, and public safety. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Georgia’s effective property‑tax rate is lower than Minnesota’s, resulting in smaller annual tax bills for comparable home values. The tables and analysis below present the key figures side‑by‑side.
Side‑by‑Side Comparison
| Metric (2023 ACS) | Georgia | Minnesota |
|---|---|---|
| Effective property‑tax rate | 0.81 % | 1.04 % |
| Median home value | $272,900 | $305,500 |
| Median annual property tax | $2,214 | $3,184 |
| Tax on a $250,000 home | $2,028 | $2,606 |
| Tax on a $500,000 home | $4,057 | $5,211 |
| Median household income | $74,664 | $87,556 |
Sources: Georgia property tax and Minnesota property tax; data from the U.S. Census Bureau’s 2023 ACS (5‑year).
Who Wins on Property‑Tax Burden?
Winner (lower tax rate): Georgia
- Rate difference: 0.23 percentage points (1.04 % − 0.81 %).
- Relative difference: Georgia’s rate is about 22.2 % lower than Minnesota’s (0.23 ÷ 1.04 ≈ 0.222).
- Annual tax difference on a $250k home: $2,606 − $2,028 = $578.
- Annual tax difference on a $500k home: $5,211 − $4,057 = $1,154.
Because the effective tax rate is lower, homeowners in Georgia pay less in property taxes for the same assessed value, even though Minnesota’s median home price is higher.
Which Audiences Might Benefit From This Comparison?
| Audience | Relevance of the Data |
|---|---|
| Current or prospective homeowners | Directly see how annual property‑tax costs differ for identical home values in each state. |
| Retirees considering relocation | Property‑tax burden influences fixed‑income budgeting; lower rates in Georgia could reduce yearly expenses. |
| Real‑estate investors | Understanding tax differentials helps estimate operating costs and net cash flow for investment properties. |
| Policy analysts | The comparison provides a snapshot of how state‑level tax structures translate into household-level costs. |
The figures are purely descriptive; they do not account for other tax categories (e.g., income or sales tax), local exemptions, or variations in assessment practices that may affect individual circumstances.
Summary
Based on the most recent ACS estimates, Georgia’s effective property‑tax rate (0.81 %) is lower than Minnesota’s (1.04 %). This translates into an annual tax saving of $578 on a $250,000 home and $1,154 on a $500,000 home. Homeowners, retirees, and investors who prioritize lower property‑tax expenses may find Georgia more favorable from a tax‑burden perspective, while other factors such as income taxes, cost of living, and public services should also be considered.
References
- U.S. Census Bureau, 2023 American Community Survey 5‑year estimates.
- Internal links: Georgia property tax | Minnesota property tax.
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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.