How wealth tax works in Georgia
Georgia has no broad annual wealth tax on a person's balance sheet. Bank accounts, shares and other financial assets are not subject to a separate net-worth tax just because they exist.
Instead, Georgia uses property tax for individuals. Resident individuals whose family income exceeds GEL 40,000 in the calendar year may owe tax on immovable property, yachts, motor boats, airplanes, helicopters and motor cars.
{ "The rate on taxable property depends on family income": "generally 0.05% to 0.2% for families with income up to GEL 100,000, and 0.8% to 1.0% above that." }
Land is taxed separately and is generally due regardless of the household-income threshold. Filing is usually due by 1 November and payment by 15 November.
Tax rates at a glance
- Net wealth tax
- 0%None
- Property tax on individuals
- 0.05% - 1.0%
- Land tax
- Separate
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsProperty ownersFamiliesExpatsRemote founders
Watch out for
- The family-income threshold is the key trigger for Georgia property tax on individuals.
- Land tax is separate from property tax on buildings and can still apply when household income is below GEL 40,000.
- Inherited or gifted property can be excluded from the income calculation for property-tax purposes in common family-transfer cases.
Frequently asked questions
Does Georgia have a wealth tax?
No separate net wealth tax exists in Georgia. The main recurring charge for individuals is property tax, plus separate land tax.
When do I pay property tax in Georgia?
Individuals generally file by 1 November and pay by 15 November. The tax applies if family income exceeds GEL 40,000, subject to the property and land rules.
Is land taxed in Georgia?
Yes. Land is taxed separately from buildings and can be due even when the family-income threshold for other property taxes is not met.