Atlanta is a thriving city with a population growth that rivals Texas cities. The area is projected to have over 8 million residents by 2050, according to the Atlanta Regional Commission.
Along with outpacing other cities in population and job growth, Atlanta offers its residents rich culture and history. And for a much lower cost compared to NYC, Austin, or San Diego.
If you’re looking to take advantage of Atlanta’s lucrative property investment opportunities, we’ve got the guide to Atlanta property taxes for you.
Atlanta Property Taxes
How much are property taxes in Atlanta compared to property investment in other states?
The Census Bureau places Georgia in the lower tier of average property taxes by state, with Texas and New York having a higher average. Atlanta property tax rates also rank lower than Dallas, Chicago, and Minneapolis.
Georgia uses millage rates to calculate property taxes. All Georgia properties are assessed at 40% of market value, regardless of county. But each county sets its own millage rate, which you can find on the applicable county website.
If you’re looking at property investment in the Atlanta metro, it includes twenty-nine counties. The city of Atlanta falls mostly under Fulton County, with some areas located in DeKalb.
In addition to property taxes, Georgia has an intangible recording tax. Any lender of a long-term note must pay this tax within 90 days of securing the note.
Filing Property Taxes
Property taxes are filed with the county tax receiver or commissioner located in the same county as the property investment. If the property falls under two or more counties, you file in the county with the most amount of the property.
All Georgia property taxes are due for filing between January 1 and April 1. Payments are due by December 20 unless specified differently by the county.
DeKalb County sets two installment due dates for September 30 and November 15. You can also do one payment in full by September 30.
Fulton County doesn’t prorate taxes, so you pay a full year's worth even if you didn’t own the investment property all year. And you’re still responsible for property taxes even if a mortgage company pays them.
View and Pay Property Taxes
Fulton and DeKalb send a tax bill by paper mail, with payment due before 60 days from the postmark. After 60 days, the account starts accruing interest and penalty fees.
The Georgia Department of Revenue offers an online service for property record searches and paying property taxes. Not every county participates, but both Fulton and DeKalb let you pay online.
The online service allows limitless payments, however, DeKalb only lets you pay five properties online at once. You can also pay by phone or mail in both counties.
Don't Let Atlanta Pass You By
Atlanta has warm summers and mild winters. Its city life is full of unique art, music, and architecture. Foodies and nature enthusiasts will have many places to explore. History buffs will never be bored.
Atlanta property taxes and other cost-of-living factors are low compared to other big metro areas. With all that Atlanta has to offer, now is the time to look into all their amazing property investment opportunities.
If you’re ready to invest and are searching for reliable and reputable Atlanta property managers, connect with us for your free rental analysis!
