Savannah, GA — income, home value, property tax, and sales tax.
In ZIP code 31401, which covers part of Savannah, the median home value of $552,400 stands well above the median household income of $52,509 and per-capita income of $36,518. At the county's 0.84% effective property tax rate, that home value would generate roughly $4,640 in annual property taxes, a figure that would consume a substantial share of a median household's earnings. Combined with a 7.00% sales tax rate, this creates real pressure on local households trying to buy or hold onto a home in the area.
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