Georgia vs North Carolina
North Carolina
Property Tax Comparison: Georgia vs. North Carolina
Overview
Both Georgia and North Carolina levy property taxes at rates that are below the national average. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), North Carolina has a slightly lower effective property tax rate than Georgia (0.70 % vs. 0.81 %). The difference translates into modest annual savings for homeowners, especially on higher‑valued properties.
Side‑by‑Side Metrics
| Metric (2023 ACS) | Georgia | North Carolina |
|---|---|---|
| Effective property tax rate | 0.81 % | 0.70 % |
| Median home value | $272,900 | $259,400 |
| Median annual property tax | $2,214 | $1,815 |
| Property tax on a $250,000 home | $2,028 | $1,749 |
| Property tax on a $500,000 home | $4,057 | $3,499 |
| Median household income | $74,664 | $69,904 |
Sources: “According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).”
Which State Has the Lower Tax Burden?
Winner: North Carolina – it has the lower effective property tax rate (0.70 % vs. 0.81 %).
Magnitude of the difference
- Tax‑rate gap: 0.11 %, which is a 13.76 % relative difference.
- Annual tax savings on a $250,000 home: $279 (Georgia $2,028 – North Carolina $1,749).
- Annual tax savings on a $500,000 home: $558 (Georgia $4,057 – North Carolina $3,499).
The lower rate in North Carolina results from a combination of state‑level assessment practices and local millage rates that, on average, are less than those applied in Georgia.
Who Might Benefit Most from This Comparison?
| Audience | Relevance of the Data |
|---|---|
| Current homeowners | Understanding the property‑tax component of total housing costs can inform decisions about refinancing, home improvements, or relocating. |
| Prospective homebuyers | The effective tax rate, together with median home values, helps estimate the ongoing expense of owning a home in each state. |
| Retirees | Since retirees often rely on fixed incomes, a lower property‑tax burden (as in North Carolina) can affect overall affordability. |
| Real‑estate investors | Property‑tax rates influence net operating income and cash‑flow projections for rental properties. |
| Policy analysts | The comparison provides a data point for evaluating state and local fiscal policy impacts on housing affordability. |
The figures are most directly useful for individuals and professionals who need a quantitative baseline for property‑tax costs, rather than for those seeking qualitative assessments of services or quality of life.
Related Resources
- Detailed information on Georgia’s property‑tax structure: Georgia property tax
- Detailed information on North Carolina’s property‑tax structure: North Carolina property tax
Based on the most recent ACS estimates, the data presented here reflect average conditions across each state and do not account for local variations in millage rates, exemptions, or assessment practices.
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.