What is the rate of the property tax of an individual?

According to family income: with income of up to 100 000 GEL — from 0.05 to 0.2 percent of the market value; above 100 000 GEL — from 0.8 to 1 percent.

When is property exempt from the tax?

Where the family income of the previous year does not exceed 40 000 GEL — all taxable property except land; separate exemptions exist for land.

What are the filing and payment deadlines?

The declaration is filed no later than 1 November, and payment is made no later than 15 November.

Wealth Tax Planning in Georgia

Q: Which property is taxed?

Immovable property in ownership, including unfinished construction, yachts, helicopters, airplanes and the specified light vehicles.

The Essence and Rates of the Property Tax of an Individual

The property tax of an individual is a tax of local character defined uniformly by the Tax Code of Georgia, and its rate depends on the annual income of the family: the amount of the tax depends not only on the value of the property but also on how much the family receives as income. This page explains which property is taxed, how the rate is determined, when declaration and payment take place and which exemptions exist — according to the exact norms of the Code.