The median Tyrone homeowner pays $4,238/year in property taxes. That is 3.12% of median household income. See how Tyrone compares and check your savings potential.
Tyrone occupies the northwest corner of Fayette County, a low-key residential town along Georgia Highway 74 that borders Peachtree City but has kept a slower, semi-rural feel compared with its larger neighbor. Its 7,896 residents enjoy some of the south metro's strongest fundamentals. The median home is worth about $470,400, around 8% above the Fayette County median of $436,400, and the median household income of $135,691 ranks among the highest in the region. Property taxes still claim about 3.1% of household income, because high values mean high assessments even where the effective county rate sits at a moderate 1.11%. Across Fayette County, home values run from roughly $321,744 at the 25th percentile to $624,684 at the 75th, one of the highest bands in Georgia, and Tyrone's large-lot homes and newer estate-style subdivisions land in a segment where individual sales are sparse. Sparse sales are the enemy of accurate valuation at scale. When few genuinely comparable homes sell in a given year, the assessor's model fills the gap with sales from other neighborhoods or other price tiers, and the resulting figure can drift well above what your specific property would command. The bigger the home, the bigger that drift tends to be. When your assessment notice arrives, treat the value as a claim to verify rather than a fact to accept. Under Georgia law you have 45 days from the date printed on the notice to appeal, and after that the assessment locks in for the year.
Tyrone Appeal Quick Facts
The median home in Tyrone is valued at $470,400, and the typical homeowner pays about $4,238 per year in property tax (Census ACS 2024), based on Fayette County's 2.786% combined millage applied to 40% of fair market value after exemptions. That means the typical Tyrone homeowner spends 3.12% of household income on property taxes alone. If Fayette County has overestimated your home's fair market value, you are paying more than you should. Georgia law guarantees that filing an appeal cannot increase your assessment, so there is no risk in checking. At $470,400, Tyrone home values are 8% above the Fayette County median, 176% above Georgia's statewide median of $170,200, 47% above the national median of $318,000.
Check If Your Tyrone Home Is Overassessed
Peachtree City leads Fayette County in home values, but your individual assessment could still be too high regardless of where Tyrone falls in the county ranking.
In a mid-size city like Tyrone, you should be able to find 3-5 comparable sales within Fayette County. Look for homes that sold in the last 12 months with similar square footage, age, and condition. If local sales are limited, expand your search to neighboring areas within the county. For the full evidence strategy, exemption details, and step-by-step filing instructions, see our Fayette County Property Tax Guide.
Based on a combined tax rate of 2.786%. Your actual rate may vary by tax district.
A 10% reduction on the median Tyrone home ($470,400 down by $47,040) would save approximately $524 per year, or $1,572 over three years with the 299c value freeze.
At 3.12% of household income, even a modest reduction in your assessed value makes a real difference in your annual budget.
Property tax appeals in Tyrone are filed with the Fayette County Board of Assessors. You have 45 days from the date of your assessment notice to submit a PT-311A form.
Fayette County Board of Assessors: 140 Stonewall Ave. West, Suite 108, Fayetteville, GA 30214 | 770-305-5402 For the full appeal process and deadline details, see our Fayette County Property Tax Guide.
Based on 2024 American Community Survey estimates and Fayette County millage rates.