Georgia Property Tax Calculator

How is property tax calculated in Georgia?

Georgia property tax = taxable assessed value × millage rate. Taxable assessed value = 40% of fair market value minus exemptions. Millage rate is expressed in mills (1 mill = $1 per $1,000 of assessed value). A property worth $400,000: assessed value = $160,000; minus $2,000 homestead exemption = $158,000 taxable; at 30 mills = $4,740/year.

What is Georgia's homestead exemption?

Georgia's basic homestead exemption reduces the assessed value by $2,000 from the school tax portion for primary residences — saving approximately $40-80/year at most rates. Additional exemptions apply to: seniors 65+ (up to $10,000 off assessed for school tax), disabled veterans (up to $60,000), surviving spouses, and low-income seniors (full school tax exemption in many counties).

Does Georgia have a property tax cap?

Georgia's floating homestead exemption (where adopted by county) prevents property tax increases exceeding CPI inflation for existing homeowners. Some counties like Fulton, Gwinnett, and Forsyth have adopted this. Without it, rising property values directly increase your tax bill annually. Check your county for specific cap rules.

How do Atlanta's property taxes compare to other major cities?

Atlanta (Fulton County) effective rate ~1.16% vs Charlotte, NC ~0.72%, Nashville, TN ~0.71%, Tampa, FL ~0.98%, Dallas, TX ~1.84%, Austin, TX ~1.93%. Atlanta is mid-range for the South. Combined with Georgia's relatively low income tax (5.49%), the overall Georgia tax burden is competitive for the Southeast.