Fulton County residents on average paid $2,901 annually in property taxes, the highest such tax levies among all regions of Georgia, according to a new Tax Foundation analysis.
The Tax Foundation study was based on median property taxes paid within counties in 2018, based on five-year estimates. The lowest such taxes were found in locations such as the Aleutians East Borough and the Kusilvak Census Area in Alaska, as well as some parishes in Louisiana and Alabama’s Choctaw County, where property owners pay about $200 annually.
Counties in New York and New Jersey, meanwhile, were home to people who paid the highest median property taxes, with some areas averaging tax bills of more than $10,000, the study found
Property tax revenues remain a prime source of funds for state and local governments, according to the Tax Foundation. In 2017, these revenues represented 31.9% of all state and local funding, the study states.
The higher median property tax bills tend to occur in urban areas, where homes tend to cost more than more rural locations, the Tax Foundation reported.