Georgia has raised the household income threshold for property tax exemption from GEL 40,000 to GEL 100,000, effective retroactively for the 2026 tax period, while retaining existing tax rates for higher-income taxpayers and setting revised filing and payment deadlines.
Georgia has introduced amendments to the Tax Code, on 28 September 2026, which significantly alter property tax obligations for middle-income families. The amendments became effective on 30 September 2026 and applies retroactively to the 2026 tax period.
According to the amendments, the household income threshold for property tax exemption on taxable property (excluding land) rose from GEL 40,000 to GEL 100,000.
Families earning up to GEL 100,000 now pay no property tax on taxable property. Previously, those in the GEL 40,000 to GEL 100,000 range paid between 0.05% and 0.2% of property market value.
Individuals earning over GEL 100,000 continue paying property tax at rates between 0.8% and 1% of market value. These rates remain unchanged.
The amendments apply retroactively to 2025 tax returns. Taxpayers must file by 1 November 2026 and pay any remaining taxes by 15 November 2026.
The amendments entered into force on 30 September 2026.
