Property Tax & Rental Income Taxes in Georgia (Country)
Companies own up to 1% of the property (In practice, it is almost always 1 percent )
0.6 percent for leasing companies (involved in financial, not operational leasing)
0 to 1 percent for persons (depending on household income, as well as the municipality in which the property in question is located in).
On the ground: varies depending on the type of land (agricultural or non-agricultural) and the municipality.
20% of commercial property is rented.
5% of residential property is rented out (Terms apply)
1% surcharge on certain types of automobiles
"[Y]achts (cutters), helicopters, airplanes, and motor automobiles specified under Code 8703 of the National Commodity Nomenclature of Foreign Economic Activities that he/she owns," according to GTC Article 201(1). (c.a).
Individuals must file a property tax declaration by November 1st and pay their property tax by November 15th of each year.
Individuals who rent out residential property are required to file a personal income tax return by March 31st of the following year.
Property taxes must be filed by the 31st of March of the year after the reporting period.