Georgia housing costs at a glance
| Georgia | |
|---|---|
| Median home value (Zillow) | $334,000 |
| Average effective property tax | 0.77% |
| Typical rate for a new buyer (calculator default) | 0.95% |
| Average homeowners insurance ($300k dwelling) | $2,496 a year |
| 2026 conforming loan limit (one unit) | $832,750 |
Example: median-priced home
Georgia home for $334,000, 20% down, 6.5% 30-year fixed: principal and interest $1,689 + property tax $264 + insurance $208 = about $2,161 a month. Enter your own rate quote and the actual tax rate of the property for a precise figure.
Georgia property tax
Georgia taxes homes on 40% of their fair market value at millage rates set by counties, cities and school boards. The average effective rate is about 0.77% of value, higher in metro Atlanta counties such as Fulton and DeKalb. Every homeowner should file for the homestead exemption with the county by April 1 of the year after buying; since 2025 a statewide law also limits annual increases in a homestead's taxable value to inflation, unless the local government opted out.
Georgia closing costs
- Intangible recording tax: $1.50 per $500 of the mortgage (0.3% of the loan), paid by the buyer.
- Transfer tax: $1 per $1,000 of the price, usually paid by the seller.
- Insurance: about $2,500 a year on average, above the national average because of storms and hail.
Other states
See also the Georgia paycheck calculator and mortgage costs in other states.
Frequently asked questions
What is the intangible recording tax in Georgia?
A tax of $1.50 per $500 of a new mortgage (0.3% of the loan amount), paid by the buyer at closing.
What is the monthly payment on a median-priced Georgia home?
On a $334,000 home with 20% down at 6.5%, principal and interest are about $1,689; with property tax and insurance the total is about $2,160 a month.
When do I file for the homestead exemption in Georgia?
By April 1 of the year after you buy and move in, with your county tax assessor.
What is the property tax rate in Georgia?
About 0.77% of home value on average, assessed on 40% of market value at local millage rates.
For information only; not a loan offer. Property tax, insurance and closing costs depend on the specific property and lender.
Sources
- Georgia Department of Revenue – property tax
- FHFA – 2026 conforming loan limits
- U.S. Census Bureau ACS 2024 – real estate taxes (via NAHB / Construction Coverage)
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026