Property Tax for Individuals

Property tax rate for individuals

Real Property Tax rate for Individuals depends on their household annual income. If income is below GEL 40,000, individuals are exempted from the taxes. If an individual owns real estate or light vehicle, they are obliged to pay taxes with the rate according to their income.

Household annual income Tax rate Taxable property
Below GEL 40,000 0% Real estate and light vehicles market value
From GEL 40,000 up to GEL 100,000 From 0.05% to 0.2% Real estate and light vehicles market value
Above GEL 100,000 From 0.8% to 1% Real estate and light vehicles market value

*This is general information only. Georgia's tax code is very extensive and taxes may vary depending on the particular situation.  Before making any decision that may effect on your business or private finance, you should consult a qualified professional adviser. We don’t take any responsibility for any loss by any person/entity who relies on this information.

Last updated on 25th of January 2020