Georgia vs Oklahoma
Property Tax Comparison: Georgia vs. Oklahoma
Intro
Both Georgia and Oklahoma levy property taxes based on the assessed value of real‑estate. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), the two states have very similar effective tax rates—0.81 % in Georgia and 0.82 % in Oklahoma. The difference in rates translates into modest variations in the amount of tax paid on homes of comparable value. This article presents the key metrics side by side, identifies which state has the lower effective property tax rate, and outlines the groups of residents for whom the comparison may be most relevant.
Side‑by‑Side Comparison
| Metric | Georgia | Oklahoma |
|---|---|---|
| Effective property tax rate | 0.81 % | 0.82 % |
| Median home value | $272,900 | $185,900 |
| Median annual property tax | $2,214 | $1,520 |
| Tax on a $250,000 home | $2,028 | $2,044 |
| Tax on a $500,000 home | $4,057 | $4,088 |
| Median household income | $74,664 | $63,603 |
Sources: “According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).”
Which State Wins on Property Tax?
Georgia has the lower effective property tax rate (0.81 % vs. 0.82 %). The absolute difference is 0.01 percentage points, which represents roughly a 1.2 % relative difference in the rate.
- Annual tax on a $250,000 home: Georgia $2,028 vs. Oklahoma $2,044 → $16 lower in Georgia.
- Annual tax on a $500,000 home: Georgia $4,057 vs. Oklahoma $4,088 → $31 lower in Georgia.
Because the rate is marginally lower, Georgia is the “winner” when the criterion is the lowest property tax rate.
Who May Find This Comparison Most Useful?
| Audience | Relevance |
|---|---|
| Current homeowners | Understanding how their property tax burden compares across states can inform decisions about relocation or refinancing. |
| Prospective homebuyers | The data help evaluate total housing costs beyond the purchase price, especially for buyers comparing properties in the two states. |
| Retirees | Many retirees consider tax burden as part of overall cost‑of‑living assessments; a lower effective rate may affect retirement budgeting. |
| Real‑estate investors | Property‑tax rates directly impact cash‑flow projections; the small difference here may be outweighed by other market factors. |
| Policy analysts | The side‑by‑side figures provide a baseline for examining how tax structures align with income levels and home‑value trends. |
The comparison is factual and does not account for other taxes (e.g., state income tax, sales tax) or local variations within each state. Users should consider the full tax environment and cost‑of‑living factors when making decisions.
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Based on the most recent ACS estimates, the figures above represent median values and effective rates for the state level. Local jurisdictions may have different assessment practices and millage rates that can cause deviations from these state‑wide averages.
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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.