Georgia vs Mississippi
Mississippi
Property Tax Comparison: Georgia vs. Mississippi
Quick overview – Both Georgia and Mississippi levy property taxes at rates below the national average. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Mississippi’s effective property tax rate is lower than Georgia’s, resulting in modest annual savings for comparable home values.
Side‑by‑side key metrics
| Metric | Georgia | Mississippi |
|---|---|---|
| Effective property tax rate | 0.81 % | 0.74 % |
| Median home value (2026) | $272,900 | $161,400 |
| Median annual property tax | $2,214 | $1,189 |
| Property tax on a $250,000 home | $2,028 | $1,842 |
| Property tax on a $500,000 home | $4,057 | $3,684 |
| Median household income (2026) | $74,664 | $54,915 |
| Internal link – Georgia | Georgia property tax | |
| Internal link – Mississippi | Mississippi property tax |
All figures are drawn from the 2023 ACS 5‑year estimates.
Which state “wins” on property tax?
Winner (lower tax rate): Mississippi
- Effective tax‑rate advantage: Mississippi’s rate of 0.74 % is 0.07 percentage points lower than Georgia’s 0.81 %. This represents a 9.20 % relative difference.
- Annual tax savings:
- On a $250,000 home, the tax is $186 lower in Mississippi ($2,028 – $1,842).
- On a $500,000 home, the tax is $373 lower in Mississippi ($4,057 – $3,684).
Based on the most recent ACS estimates, the lower effective rate in Mississippi directly translates into lower annual property‑tax bills for comparable home values.
Who benefits most from this comparison?
| Audience | Relevance of the data |
|---|---|
| Current homeowners | Homeowners evaluating the cost of staying in their current state versus relocating can use the median tax figures to gauge ongoing expenses. |
| Prospective homebuyers | Buyers comparing housing affordability should consider both median home values and the associated property‑tax burden. Lower taxes in Mississippi may offset its lower median home price. |
| Retirees and fixed‑income households | Because property taxes are a recurring expense, the lower rate in Mississippi can reduce the financial strain on retirees or anyone on a fixed income. |
| Real‑estate investors | Investors assessing cash‑flow projections can apply the per‑$250k and per‑$500k tax amounts to estimate annual tax outlays for rental or resale properties. |
| Policy analysts | The side‑by‑side metrics provide a concise reference for evaluating state‑level tax policy impacts on household budgets. |
All groups should also weigh other fiscal factors—such as state income taxes, sales taxes, and local service levels—when making decisions. Property tax is only one component of overall cost of living.
Summary
According to U.S. Census Bureau data, Mississippi’s effective property tax rate (0.74 %) is lower than Georgia’s (0.81 %). This results in modest annual savings of $186 on a $250,000 home and $373 on a $500,000 home. The comparison is most pertinent to homeowners, prospective buyers, retirees, and investors who need to incorporate property‑tax costs into their financial planning. For further detail on each state’s tax structure, see the linked pages on Georgia property tax and Mississippi property tax.
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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.