Georgia vs New York
Property‑Tax Comparison: Georgia vs. New York
Introduction
Both Georgia and New York levy property taxes that fund local services such as schools, police, and infrastructure. The two states differ markedly in tax rates, home values, and average tax bills. The following comparison uses the most recent data from the U.S. Census Bureau’s 2023 American Community Survey (5‑year estimates) to present a side‑by‑side view of the key metrics.
Side‑by‑Side Metrics
| Metric | Georgia | New York |
|---|---|---|
| Effective property‑tax rate* | 0.81 % | 1.60 % |
| Median home value | $272,900 | $403,000 |
| Median annual property tax | $2,214 | $6,450 |
| Property tax on a $250k home | $2,028 | $4,001 |
| Property tax on a $500k home | $4,057 | $8,003 |
| Median household income | $74,664 | $84,578 |
*Effective property‑tax rate = median annual tax ÷ median home value.
Sources: According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).
Which State Has the Lower Tax Burden?
Winner: Georgia – it has the lower effective property‑tax rate (0.81 % vs. 1.60 %).
Why Georgia wins
| Comparison | Value |
|---|---|
| Tax‑rate difference | 0.79 % (Georgia’s rate is 49.31 % lower than New York’s) |
| Annual tax on a $250,000 home | $2,028 (GA) vs. $4,001 (NY) → $1,973 lower in GA |
| Annual tax on a $500,000 home | $4,057 (GA) vs. $8,003 (NY) → $3,946 lower in GA |
Because the effective rate in Georgia is roughly half that of New York, homeowners paying the same assessed value will incur substantially smaller annual bills.
Who Is This Comparison Most Relevant For?
| Audience | Relevance of the Data |
|---|---|
| Current or prospective homeowners | The table shows the expected annual tax liability for typical home values in each state. |
| Retirees | Lower property taxes can reduce fixed‑income expenses; Georgia’s lower rates may be advantageous. |
| Real‑estate investors | Understanding tax differentials helps assess cash‑flow projections for rental or resale properties. |
| Policy analysts | The effective‑rate metric provides a concise measure of relative tax burden across states. |
The analysis is purely factual; it does not consider other cost‑of‑living factors, state income taxes, or local variations within each state.
Quick Reference Links
- Detailed information on Georgia’s property‑tax structure: Georgia property tax
- Detailed information on New York’s property‑tax structure: New York property tax
Conclusion
Based on U.S. Census Bureau data, Georgia’s effective property‑tax rate of 0.81 % is significantly lower than New York’s 1.60 %, resulting in annual tax savings of roughly $2,000 on a $250 k home and $4,000 on a $500 k home. Stakeholders such as homeowners, retirees, and investors can use these figures to gauge the relative property‑tax burden when evaluating housing options in the two states.
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.