With a median commercial property tax rate of 1.4% in fiscal year 2025, Farmington had the lowest rate in Fulton County, according to BlockShopper.com.
The median for the county was 2.3% in fiscal year 2025, putting Farmington 0.9 percentage points below the countywide figure.
Of the four cities within Fulton County, commercial property tax rates ranged from a low of 1.4% in Farmington to a high of 4% in Astoria.
In fiscal year 2024, Farmington also posted a median commercial property tax rate of 1.4%, positioning it fourth among county cities that year.
Commercial property tax rates were 1.76% on average across 53 major U.S. cities in 2024, according to analysis by the Lincoln Institute of Land Policy. The report estimates a $1 million property, including $200,000 in fixtures, results in an annual tax of about $21,060. Tax rates differed widely, with some cities below 1% and others reaching up to 4%.
Classification systems in many states can mean commercial, industrial, and apartment properties carry higher effective property tax rates than homes. In some places, business property taxes are several times higher than residential rates, such as in Charleston, where business tax rates can be around six times higher.
| Rank | City | Tax Rate % |
|---|---|---|
| 1 | Astoria | 4% |
| 2 | Canton | 2.9% |
| 3 | Avon | 1.8% |
| 4 | Farmington | 1.4% |
| Rank | Address | Tax Rate % |
|---|---|---|
| 1 | 35 N. Main | 1.7% |
| 2 | N/A | 1.2% |
Note: Some property addresses may be partial or missing due to limitations in county assessor data.
The details in this article come from BlockShopper.com. You can access the original data here.
