Property Tax in Georgia (2026)

Property tax in Georgia is a local tax governed by the Tax Code of Georgia. How it applies depends on who owns the property: individuals are taxed by reference to household income and the market value of the property, while companies and other entities are taxed on the book value of their business assets. Land is taxed under separate rules.

This guide summarises the framework as it stands in 2026. It is general information, not legal or tax advice — thresholds, rates and coefficients are periodically updated, so confirm the current figures with the Revenue Service before relying on them.

Property tax on individuals

For a resident individual, liability turns on family income, not simply on owning property.

• Exemption threshold. A natural person’s taxable property (other than land) is exempt where the family’s income in the year before the tax year does not exceed GEL 100,000 (the threshold was raised from GEL 40,000 to GEL 100,000, effective 1 October 2026).
• Above the threshold (family income over GEL 100,000), property tax is due at 0.8%–1%, applied to the market value of the taxable property at the end of the tax year:

Family income (preceding year)	Property-tax rate on market value
Up to GEL 100,000	Exempt
Over GEL 100,000	0.8% – 1%

The exact percentage within the 0.8%–1% band is fixed by the applicable rules, so treat the range above as the statutory limit and confirm the current figure with the Revenue Service.

To see an estimate for your own figures, use the property tax calculator.

What is taxable. For individuals, property tax can apply to:

• immovable property owned by the individual (including property received under lease from non-residents, and property leased out to others);
• yachts, motor boats, aeroplanes and helicopters;
• motor cars (from 2018).

Property tax on companies and other entities

A Georgian entity — or a foreign entity with taxable property in Georgia — pays property tax at a rate of up to 1% on the annual average residual (book) value of:

• its fixed assets (except land), and
• its investment property,

including property that is leased out.

For immovable property acquired before 2005, the average residual value is multiplied by a coefficient of between 1.5 and 3, depending on the acquisition date.

Land tax

Land tax is charged separately from property tax on buildings and assets. Rates are fixed and then adjusted by a local territorial coefficient:

Land type	Base rate	Local adjustment
Agricultural land	GEL 5 – GEL 100 per hectare (by administrative unit and land quality)	Territorial coefficient up to 150%
Non-agricultural land	GEL 0.24 per square metre	Territorial coefficient up to 150%

Individuals pay land tax on land they own or use as of 1 April of the tax year — including state-owned land they use or possess, and (with limited exceptions) land registered to a deceased person that they own or use.

Who declares and when

• A natural person pays property tax and land tax no later than 15 November of the calendar year, on the basis of a declaration filed with the Revenue Service.
• Companies follow the Tax Code’s filing and payment rules for legal entities.

Because property tax is administered locally and the declaration is your responsibility, keep records of your property’s value and your household income, and check the current deadlines and forms with the Revenue Service.

Exemptions and reliefs

The Tax Code provides several reliefs, the most important of which for individuals is the GEL 100,000 household-income exemption described above. Other exemptions exist for particular categories of property and taxpayer, and some preferential regimes remove property tax on business assets — for example, property located in a Free Industrial Zone is exempt from property tax, and an international company is exempt from property tax (except land) on property used for its permitted activities. Confirm whether any exemption applies to your situation with the Revenue Service.

How this fits with other taxes

Property tax is separate from the tax you may pay when you earn rental income or sell property. For the taxation of individuals’ income, including rental income, see personal income tax in Georgia. If you are a non-resident buying real estate, see buying property in Georgia for foreigners.

Legal sources

This guide is based on the Tax Code of Georgia (property-tax and land-tax provisions), with cross-reference to PwC’s Worldwide Tax Summaries for the individual and corporate summaries. Figures and coefficients are periodically updated, so confirm the current position with the Revenue Service before acting. This is general information, not legal or tax advice.

Frequently asked questions

Do I have to pay property tax as an individual in Georgia?

It depends on your household income. A resident individual's taxable property (other than land) is exempt if the family's income in the year before the tax year does not exceed GEL 100,000 (the threshold was raised from GEL 40,000, effective 1 October 2026). Above GEL 100,000, property tax is due at 0.8%–1% of the market value of the property. Land is taxed separately. Confirm your position with the Revenue Service.

How is the individual property-tax rate worked out?

A resident individual is exempt where family income does not exceed GEL 100,000. Above GEL 100,000 the rate is between 0.8% and 1% of the market value of the taxable property at year-end; the exact percentage within that band is fixed by local rules, so confirm the current figure with the Revenue Service. The earlier 0.05%–0.2% band (income between GEL 40,000 and GEL 100,000) was abolished on 1 October 2026.

How much property tax does a company pay?

A company (or a foreign entity with taxable property in Georgia) pays property tax at up to 1% on the annual average residual (book) value of its fixed assets, except land, and its investment property, including property leased out. For immovable property acquired before 2005, the average residual value is multiplied by a coefficient of between 1.5 and 3 depending on the acquisition date.

Is land taxed differently?

Yes. Land tax is a separate charge. Agricultural land is taxed at a base rate per hectare (from GEL 5 to GEL 100 depending on administrative unit and land quality), and non-agricultural land at GEL 0.24 per square metre; both are adjusted by a local territorial coefficient of up to 150%. Individuals are liable for land they own or use as of 1 April of the tax year.

When do I declare and pay?

A natural person pays property tax and land tax no later than 15 November of the calendar year, on the basis of a declaration filed with the Revenue Service. Deadlines and procedures for companies follow the Tax Code's rules for legal entities.

Do foreigners who buy property in Georgia pay property tax?

The individual property-tax rules are based on residence and household income rather than nationality, so a resident individual who owns property may fall within them once the GEL 100,000 income threshold is crossed. Ownership itself is separate from tax residence. See the guide on buying property for foreigners and confirm your status with the Revenue Service.