Property Taxes in Georgia: Here's What You Need to Know

EFS Group
Apr 9
2 min read

Understanding property taxes in Georgia is crucial for property owners — whether you're buying, selling, or simply holding onto real estate. Property tax regulations can be confusing, but we’ve broken down the essential information so you don’t miss a thing.

What is Property Tax in Georgia?

Property tax in Georgia is a tax levied by local governments on real estate properties. The amount you pay depends on the property’s value, which is assessed annually by the local tax authorities.

In Georgia, property taxes are typically paid once a year, with deadlines set by the local municipality. They apply to all types of real estate, including residential, commercial, and vacant land.

How Property Taxes Are Calculated

Property taxes in Georgia are based on the “assessed value” of your property. This value is determined by the local tax authority, and it’s usually a percentage of the market value.

For example, if your property is assessed at 100,000 GEL, and the local tax rate is 1%, you would pay 1,000 GEL in property taxes for the year.

Key Factors That Affect Your Property Tax:

Location: Different regions in Georgia have different property tax rates.
Property Value: The higher the value of your property, the higher your property taxes.
Exemptions: Certain exemptions, such as for pensioners or social benefits, may reduce your property tax bill.

Deadlines and Payment

Property tax in Georgia is typically due by the end of the year, but the exact payment deadlines vary by municipality. Make sure to check with your local tax authority for the specific deadlines in your area.

Penalties for Late Payment

Failing to pay your property tax on time can lead to penalties and interest charges. If taxes remain unpaid for an extended period, your property could be seized and auctioned to recover the outstanding debt.

Why Property Taxes Matter for You

Understanding and staying on top of your property tax obligations can save you time, money, and hassle. Late payments and underreporting of property value can result in fines or even losing your property.

On the flip side, keeping your property taxes in order helps you build trust with local authorities and banks, especially if you ever plan to apply for loans or sell your property.