31401 Property Tax Rate

Property owners in ZIP code 31401 (Savannah, Georgia) pay a median of $3,857/year in property taxes on homes valued at $477,600. This translates to an effective tax rate of 0.81%, which is 8% below the Georgia state average of 0.87%.

The monthly property tax burden for a median-valued home in 31401 is approximately $321, which factors into escrow payments on mortgages. This ZIP code is located within Chatham County. This is $2,013 more than the Georgia average of $1,844/year.

Compared to similar ZIP codes in Georgia, 31401 has lower property taxes. ZIP codes with similar effective rates include 30620 (0.81%) and 31569 (0.81%).

In Savannah, property taxes represent approximately 7.7% of the median household income of $50,182, providing context for the relative tax burden on homeowners in this area.

Georgia reassesses properties at market value upon sale, with no cap on the increase from the prior owner's assessed value. All Georgia homeowners receive a $2,000 Basic Homestead Exemption off assessed value; Chatham County (which includes Savannah) offers additional exemptions for seniors 65+, disabled homeowners, and qualifying veterans — contact the Chatham County Assessor's office to determine your eligibility. Submit your exemption application by April 1 to the Chatham County Assessor to maximize your tax savings.