Georgia vs Missouri
Property‑Tax Comparison: Georgia vs. Missouri
Summary – Both states levy property taxes based on the assessed value of real‑estate holdings. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Georgia’s effective property‑tax rate is slightly lower than Missouri’s, resulting in modestly lower annual taxes for comparable home values.
Side‑by‑Side Metrics
| Metric (2023 ACS) | Georgia | Missouri |
|---|---|---|
| Effective property‑tax rate | 0.81 % | 0.88 % |
| Median home value | $272,900 | $215,600 |
| Median annual property tax | $2,214 | $1,887 |
| Property tax on a $250,000 home | $2,028 | $2,188 |
| Property tax on a $500,000 home | $4,057 | $4,376 |
| Median household income | $74,664 | $68,920 |
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): Georgia
- Rate difference: 0.07 percentage points (0.81 % vs. 0.88 %), which is a 7.30 % relative difference.
- Annual tax difference on a $250,000 home: $160 lower in Georgia.
- Annual tax difference on a $500,000 home: $319 lower in Georgia.
Why Georgia wins – The effective property‑tax rate (the tax amount divided by home value) is the primary driver of the overall tax burden. Although Georgia’s median home values are higher, the lower rate reduces the amount of tax owed on any given property value, resulting in the lower figures shown above.
Who Might Benefit From This Comparison?
| Audience | Relevance of the Data |
|---|---|
| Current homeowners | Understanding how their existing tax bills compare to an alternative state can inform decisions about relocation or refinancing. |
| Prospective homebuyers | The effective tax rate and estimated taxes on $250 k and $500 k homes provide a baseline for budgeting future property‑tax costs. |
| Retirees | Property‑tax levels affect fixed‑income budgeting; a lower rate may be advantageous for retirees seeking to minimize recurring expenses. |
| Real‑estate investors | The combination of tax rates, median home values, and household income offers insight into overall cost structures and potential cash‑flow implications. |
The comparison is factual and does not imply that one state is universally better; it simply outlines the measurable differences in property‑tax burden as reported by the latest ACS data.
Additional Resources
- Detailed information on Georgia’s property‑tax system: Georgia property tax
- Detailed information on Missouri’s property‑tax system: Missouri property tax
All figures are based on the most recent ACS estimates and reflect median values and average rates at the state level.
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.