Georgia Income Tax

Georgia State Tax

Georgia Tax

Georgia residents are subject to three main types of state taxes. These are income tax, sales tax, and property tax.

Georgia Personal Income Tax

The marginal income tax rate in Georgia ranges from 1 to 6 percent. Individuals who meet the following conditions are required to file their income tax returns in Georgia:

a. Residents who file federal income tax returns (single, married filing jointly, married filing separately, head of household)
b. Residents who earn income outside Georgia
c. Non-residents that work, earn income, or acquire more than $5000 or greater than 5% of their total income in Georgia

Georgia Corporate Income Tax

Businesses that operate Georgia are subject various taxes such as sales tax, franchise tax, and corporate income tax. The corporate income tax rate is 6% of the net income made in the state.

Georgia Sales Tax

Apart from the 4% sales tax levied on sales of tangible personal property, some cities and counties also impose additional surtax on transactions made within their territory. As sales tax is usually paid by the purchaser upon the time of selling, business and merchants collect these taxes and remit them to the Department of Revenue on a monthly, quarterly, or annual basis.

Georgia Property tax

The Georgia tax law requires all individuals and companies to pay property tax for all taxable properties including houses, land, vehicles, and other assets. The value of a property and the corresponding property tax are assessed by the county where it is located. Most counties collect property tax payments by Dec 20.

Georgia State tax laws are imposed by the Georgia Department of Revenue. Understanding these laws will greatly help in ensuring proper tax filing and transactions in the future.