Property Tax at Georgia (Tbilisi)
What Taxes Are Levied On Residential Property At Time Of Purchase?
Georgia does not generally charge a separate real estate transfer or stamp tax to an individual simply for buying residential property. Public Registry and other transaction service fees may still apply. A developer’s sale may involve VAT within the purchase price, so the contract, seller’s VAT status and price wording should be reviewed before assuming that the transaction has no tax component.
What Taxes Are Levied If I Choose To Sell The Residential Property?
A natural person’s taxable gain from selling a residential apartment or house with its attached land is generally subject to 5% income tax, rather than the standard 20% rate. The statutory exemption for property owned for more than two years should be checked against the title history and applicable conditions. For a taxable gain from a non-business property sale, the income tax declaration is generally due by the 15th day of the following month; an annual April return should not be assumed.
What Taxes Are Due On Residential Property I Own? How/When Are Those Taxes Paid?
A natural person, including an entrepreneur natural person is obliged to submit a Property Tax Return:
- A natural person with taxable property in Georgia may owe annual property tax where the previous calendar year’s family income exceeds GEL 100,000. The higher exemption threshold already applies to property tax declared in 2026; it is not limited to future purchases.
- If he/she has taxable land on the territory of Georgia, regardless of the amount of income;
- For the 2026 declaration, taxable property other than land is exempt where the previous year’s family income does not exceed GEL 100,000. The former GEL 40,000 threshold and 0.05%–0.2% band no longer apply to this declaration.
- Where the previous year’s family income exceeds GEL 100,000, the annual tax rate on taxable property other than land is between 0.8% and 1% of its market value at the end of that previous year. The applicable municipality determines the rate within this range.
In what timeframe and where should a natural person file a property tax declaration?
- A natural person submits a property tax declaration to the tax authority no later than November 1 of the calendar year. Data on taxable property shall be entered in the declaration according to the previous tax year, and data on taxable land - according to the current tax year.
In what time frame should natural person pay property tax?
A natural person pays property tax on property and land no later than November 15 of the calendar year.
If the property is owned by more than one party, property taxation is a little more complicated and it’s worth checking the situation with a tax adviser.
What Taxes Will I Pay If I Rent Out The Property?
Normally, rental income is subject to a 20% personal income tax. However, if you rent out your property strictly for residential purposes, you can register at the landlord registry and start paying 5% personal income tax on your rental income. Deductions, in this case, won’t be allowed.
Documents for a property tax review
Prepare the ownership extract, property address, land classification, ownership dates and support for the relevant market value. An individual’s property tax review also needs the prior year’s family-income information, with the statutory inclusions and exclusions applied rather than just the amount shown on a salary payslip.
For a company, provide the fixed-asset register, accounting balances, leased assets and earlier property tax declarations. Bookkeeping.ge can distinguish individual property tax, company property tax and land tax before preparing the return and payment schedule.
Property tax deadlines in 2026
The general individual declaration and payment dates remain 1 November and 15 November. Because these dates are Sundays in 2026, the next-business-day rule gives deadlines of 2 November 2026 and 16 November 2026. Check whether an existing assessment or exemption affects the need for a new declaration or notification.
Land has separate rules. Non-agricultural land uses a basic rate of GEL 0.24 per square metre, adjusted by the municipality’s territorial coefficient of no more than 1.5. Agricultural land depends on its classification and location. The family-income exemption for property other than land does not automatically exempt a land parcel.