Georgia vs Wyoming
Property‑Tax Comparison: Georgia vs. Wyoming
Short introduction
Both Georgia and Wyoming levy property taxes that fund local services such as schools, roads, and public safety. According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates), Wyoming’s effective property‑tax rate is lower than Georgia’s, resulting in smaller annual tax bills for comparable home values.
Side‑by‑side metrics
| Metric | Georgia | Wyoming |
|---|---|---|
| Effective property‑tax rate | 0.81 % | 0.58 % |
| Median home value | $272,900 | $285,100 |
| Median annual property tax | $2,214 | $1,659 |
| Tax on a $250,000 home | $2,028 | $1,455 |
| Tax on a $500,000 home | $4,057 | $2,909 |
| Median household income | $74,664 | $74,815 |
Sources: “According to the U.S. Census Bureau's 2023 American Community Survey (5‑year estimates).”
Which state “wins” on property tax?
Winner (lower tax rate): Wyoming
- Rate advantage: Wyoming’s effective property‑tax rate is 0.58 % versus Georgia’s 0.81 %, a difference of 0.23 percentage points.
- Relative difference: This represents a 28.28 % lower rate in Wyoming.
- Dollar impact:
- On a $250,000 home, Wyoming owners pay $1,455 compared with $2,028 in Georgia – a yearly savings of $573.
- On a $500,000 home, the tax is $2,909 in Wyoming versus $4,057 in Georgia – a yearly savings of $1,148.
The lower rate in Wyoming is the primary reason it “wins” in a straight property‑tax comparison.
Who benefits most from this comparison?
| Audience | Relevance of the data |
|---|---|
| Current homeowners | Understanding the ongoing cost of owning a home in each state helps in budgeting and assessing long‑term affordability. |
| Prospective homebuyers | The tax‑rate differential can influence the total cost of ownership when evaluating homes near the $250 k–$500 k price range. |
| Retirees | Since many retirees have fixed incomes, a lower property‑tax burden (as in Wyoming) may be a significant factor in relocation decisions. |
| Real‑estate investors | Investors can use the effective tax rate to compare cash‑flow expectations across states, especially when the median home values are similar. |
| Policy analysts | The side‑by‑side data provide a clear illustration of how state tax structures differ, useful for fiscal‑policy studies. |
Additional resources
- For a deeper look at Georgia’s property‑tax framework, see Georgia property tax.
- For details on Wyoming’s property‑tax system, see Wyoming property tax.
Summary
Based on the most recent ACS estimates, Wyoming’s effective property‑tax rate (0.58 %) is lower than Georgia’s (0.81 %). This rate difference translates into measurable annual savings for homeowners at common price points. Stakeholders such as current owners, prospective buyers, retirees, and investors can use these figures to evaluate the relative cost of property ownership in each state.
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.