Sales Tax
- Statewide: 4.0%
- Counties can levy an additional sales tax of no more than 5.04%.
- Current average sales tax (with local tax included): 7.683%
- Common Exceptions at State Level:
- Prescription Medicine: Exempt
- Unprepared Foods: 3% (local)
- Gasoline Tax: 55.95 cents/gallon (Includes all state, local, and federal taxes)
- Diesel Fuel Tax: 65.79 cents/gallon (Includes all state, local, and federal taxes)
Personal Income Tax
- Personal Income Tax Rate Range: Six brackets from 1.0% to 5.75% on income greater than $7,000
- Standard deduction: Single Filing Status: $4,600. Married Filing Jointly: $6,000
- Personal Exemption Allowance: Single: $2,700. Married: $7,400. Dependent Exemption: $3,000
- Itemized Deductions Allowed? Yes, subject to limitations.
- Retirement Income
- Social Security: Exempt
- IRAs: May be partially or fully taxable*
- 401Ks/Defined contribution employer retirement plans: May be partially or fully taxable*
- Private pensions: May be partially or fully taxable*
- Public Pensions: Exempt*
- Military Pay
- Active Duty Pay: Taxed to the extent included in federal Adjusted Gross Income
- Military Retirement Pay: HB 1064 exempts $17,500 of military retired pay from state taxes, and another $17,500 for retirees with taxable Georgia earned net income over $17,500.*
- Military Disability Pay: Exempt
- VA Disability Dependency & Indemnity Compensation Benefits: Exempt
- SBP/SSBP/RCSBP/RSFPP: Taxable at ordinary income tax rates*
* Income tax comments: Up to $35,000 of other retirement income is excluded from taxation for taxpayers between 62 and 64 or disabled; $65,000 for 65 and over.
Property Tax
- Local municipalities average .92% of the property's assessed value.
- Calculation of assessed value: 40% of fair market value
- Relief programs for:
- Owner-occupied: May be eligible for a $2,000 exemption.
- Disabled Veterans/Surviving Spouse: Exemption of $60,000; potential for additional sum based on assessed value of home.
- 62 and over: May be eligible for exemption from taxes for educational purposes of up to $10,000 if earn less than $10,000.
- 65 and over: May be eligible for exemption of $4,000 of taxes if income is less than $10,000.
- Floating Inflation-Proof: May limit increase of assessed value if meet requirements and over 62.
- Surviving Spouse of Peace Officer or Firefighter: Receives full exemption if officer/firefighter killed in the line of duty.
- Personal Property Tax: Yes. Rates and exemptions vary.
Property Tax Comments: Additional exemptions may be eligible at the county level.
Inheritance & Estate Taxes: None
Department of Revenue website: www.dor.georgia.gov
