With a 5.49% top income tax rate and 0.87% property tax, Georgia homeowners face a moderate combined tax burden. This calculator is pre-filled with Georgia numbers: $325,000 median price, 0.87% property tax, $1,750/year insurance.
Last updated: March 13, 2026
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Monthly Payment (Georgia)$0
Loan Details — Georgia
Georgia median: $325,000
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Below 20% triggers PMI on conventional loans
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Average 30-year fixed ~6.75% (March 2026)
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Georgia average: 0.87%
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Georgia average: $1,750/yr
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Property Tax
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Georgia Metro Area Home Prices
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Yearly Amortization Schedule+
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Georgia's Tax Landscape and Your Mortgage
Georgia levies a flat 5.49% income tax on all taxable income. A household earning $150,000 pays approximately $6,176 in state income tax, which reduces the amount available for monthly mortgage payments by roughly $515/month.
At the state's median home price of $325,000, the $0.87% property tax rate adds $236/month to your mortgage payment. That's $2,828/year — below the national median of ~1.1%.
Property Taxes Across Georgia
The 0.87% statewide average masks significant variation. Property taxes vary significantly by county — Fulton County vs rural Georgia can differ 2x
Price ranges across the state: Atlanta has a median of $395,000, while Augusta sits at $235,000 — a $160,000 gap that dramatically changes your monthly payment. At $0.87% property tax, that price difference alone means $116/month more in property tax in Atlanta.
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Homebuyer Programs and Exemptions
Georgia offers several programs for homebuyers:
Georgia Dream Homeownership Program with below-market rates
Down payment assistance up to $10,000 for eligible buyers
Homestead exemption: Standard $2,000 exemption from assessed value for county/school taxes; additional exemptions for seniors
Georgia-Specific Considerations
Flat 5.49% income tax (converted from progressive brackets in 2024)
Atlanta metro drives most of the state's price appreciation
Property taxes vary significantly by county — Fulton County vs rural Georgia can differ 2x
No transfer tax but has intangible tax on mortgages of $1.50 per $500
Compare Georgia Mortgage Rates
See personalized rates from Georgia lenders. LendingTree matches you with up to 5 offers so you can compare and save.
0.39% property tax, 5% top rate. Median home: $232,500.
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1.04% property tax, no income tax. Median home: $340,000.
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0.62% property tax, 2.5% top rate. Median home: $395,000.
Frequently Asked Questions
What is the average property tax rate in Georgia?
The average effective property tax rate in Georgia is 0.87%. On a $325,000 home (the state median), that works out to approximately $2,828/year or $236/month added to your mortgage payment. Property tax rates vary by county and school district within Georgia — always check your specific jurisdiction's rate. Homestead exemption: Standard $2,000 exemption from assessed value for county/school taxes; additional exemptions for seniors
How much does homeowners insurance cost in Georgia?
The average annual homeowners insurance premium in Georgia is approximately $1,750 ($146/month). This is near the national average of approximately $1,500/year. Actual premiums depend on your home's location, age, construction type, and coverage limits.
What first-time homebuyer programs are available in Georgia?
Georgia Dream Homeownership Program with below-market rates. Down payment assistance up to $10,000 for eligible buyers. These programs typically have income limits, purchase price caps, and may require homebuyer education courses. Check the Georgia housing finance agency website for current eligibility requirements and application deadlines.
How does Georgia's 5.49% income tax affect home affordability?
Georgia's top income tax rate of 5.49% reduces your take-home pay, which affects how much mortgage you can comfortably carry. On a $150,000 salary, state income tax takes roughly $5,353-$7,000/year (effective rate is lower than the top marginal rate). Combined with 0.87% property tax, the total tax burden in Georgia is above average. Use our paycheck calculator to see your exact take-home pay.
What is the conforming loan limit in Georgia?
The 2026 conforming loan limit in Georgia is $806,500. Loans above this amount are considered jumbo loans and typically carry higher interest rates (0.25-0.5% premium), require larger down payments (10-20%), and have stricter qualification requirements including higher credit scores (700+) and lower debt-to-income ratios.
This calculator is for educational purposes. Tax rates and insurance costs are based on Georgia state averages and may not reflect your specific county, school district, or municipality. Consult a financial professional for advice specific to your situation.