Property Tax in Georgia: A Complete Guide for Individuals
- ibccstax
- Oct 15
- 4 min read
Updated: Oct 23
Owning property in Georgia can be an attractive investment, both for local residents and for those living abroad. The process of purchasing and registering real estate is generally straightforward, but understanding the country’s property tax rules is important as well. Property tax is one of the key annual obligations that property owners must comply with to avoid penalties and protect their assets. Whether you are a Georgian resident or a non-resident, knowing your responsibilities, deadlines, and options for payment can save you time, money, and unnecessary stress.
Understanding Georgia Property Tax: Who Is Responsible for Payment
Under Georgian tax law, all individuals who own property may be required to pay annual property tax if their income for the previous year exceeds 40,000 GEL (except in the case of land). Property includes not only real estate and land, but also movable assets such as vehicles, yachts, and other valuable items. The obligation to declare and pay tax applies not only to assets listed in ownership documents, but can also arise from possession, for instance through inheritance. It does not matter whether the property is actively used, rented out, or remains vacant - the owner is still required to declare and pay the relevant tax amount each year.
Resident vs. Non-Resident Property Tax Rules in Georgia: What You Need to Know
Although the property tax rate for individuals generally does not exceed 1% of the property’s average annual value (determined based on the market value as of the end of the previous year). There is an important distinction between residents and non-residents. Residents of Georgia typically manage their tax obligations locally and have easier access to administrative services. Non-residents are subject to the same tax rate but must ensure compliance remotely, often by using online payment systems, granting power of attorney to a representative, or working with a tax advisor.
Non-resident property owners should pay particular attention to deadlines, as delays may result in penalties that accumulate over time. All property owners, whether residents or non-residents, have similar reporting obligations, including in cases where the property generates rental income. This makes it crucial for everyone to stay informed about their obligations.
Residents of Georgia pay property tax at a rate not exceeding 1%, based on the property’s value at the end of the previous year.
Non-residents are subject to the same rate but must ensure compliance from abroad or through an authorized representative.
If a non-resident earns rental income in Georgia, they must include it in their reporting obligations and plan accordingly.
Property Tax in Georgia: What Is Taxable Under Georgia Property Tax Law
Georgian property tax applies to the market value of all types of fixed property owned by individuals. This includes:
Residential property
Commercial buildings
Land plots and other fixed assets registered to the individual
The taxable value is determined based on the average annual value of the property, calculated from the market value at the end of the previous year. Even if the property is not used for commercial purposes or does not generate any income, the owner is still required to pay the tax, at a rate not exceeding 1%.
Property also includes certain movable assets, such as vehicles, yachts, and other valuable items, which are subject to the same tax obligations.
Georgia Property Tax Deadlines and Payment Terms
The property tax payment deadline for individuals is set for November 15th of each year. By this date, property owners must ensure that the tax is fully paid. Payments can be made through the Revenue Service portal or directly at authorized banks and service centers. While the government typically issues notices before the deadline, property owners are expected to monitor their own tax responsibilities.
If the tax is not paid on time, the state imposes fines and interest charges, which can accumulate quickly. This is especially important for non-residents and emigrants, who may not receive paper notifications or might overlook deadlines due to being abroad. Staying organized, setting reminders, or delegating the responsibility to a trusted representative can help avoid unnecessary penalties.
Emigrants & Non-Residents: Key Rules for Emigrants and Non-Residents
Many Georgian citizens who have moved abroad may still have obligations related to property in Georgia. However, if a person is a Georgian citizen living abroad and earns income only outside of Georgia, they are exempt from paying property tax. For those who do have taxable income or property-based obligations in Georgia, the Revenue Service provides online mechanisms that allow payments to be made remotely.
How IBCCS TAX Georgia Simplifies Your Property Tax Compliance?
Managing property tax in Georgia can be a smooth process when handled correctly, but for many individuals - especially non-residents, it can become time-consuming and complex. IBCCS TAX Georgia offers professional assistance to make property tax compliance easy and stress-free. Our team of experienced tax and legal experts in Georgia helps property owners calculate their tax obligations accurately, file and pay taxes on time, and resolve any issues with the Revenue Service.
We work closely with both residents and emigrants to ensure full compliance with Georgian tax regulations. Whether you need help with online payments, representation in Georgia, or strategic tax planning for your property, our experts provide clear and reliable guidance every step of the way.
IBCCS TAX Georgia: Customized Property Tax Assistance in Georgia for Every Property Owner
Determine exact property tax obligations
Manage filings and payments on time
Avoid penalties and legal issues
Stay fully compliant with Georgian tax regulations
Make property tax simple. Contact IBCCS TAX today to make your property tax management simple and secure: helloGeorgia@ibccs.tax or +995 32 24 24 837