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Georgia
By the Numbers

Below is a snapshot of key features of Georgia's tax system. (Scroll Down)
State & Local Revenue (FY08)
  • General Revenue, Own-Source (GROS): $49.9 billion
  • General Revenue as a Share of Income: 14.9%
  • Tax Revenue: $33.6 billion
  • Tax Revenue as Share of income: 10.1%
  • Personal Income Tax (Share of Tax Revenue): 26.3% (19 out of 51)
  • Corporate Income Tax (Share of Tax Revenue): 2.8% (38 out of 51)
  • Sales & Excise Tax (Share of Tax Revenue): 37.6% (16 out of 51)
  • Property Tax (Share of Tax Revenue): 30.4% (24 out of 51)
  • Other Taxes (Share of Tax Revenue): 2.0% (34 out of 51)
Personal Income Tax Features (2011)
  • Range of Tax Rates: 1.0% - 6.0%
  • Standard Deduction: $2,300 ($3,000 for Married Couples)
  • Personal Exemption: $2,700
  • Dependent Exemption: $3,000
  • Earned Income Tax Credit (EITC): None
Corporate Income Tax Features (2011)
  • Range of Tax Rates: 6.00%
  • Income Level at Which Top Rate Applies: All
  • Combined Reporting: No
  • Apportionment Factor (Payroll): 0%
  • Apportionment Factor (Property): 0%
  • Apportionment Factor (Sales): 100%
Sales Tax Features (2011)
  • State Sales Tax Rate: 4.00%
  • Average Local Sales Tax Rate: 2.95%
  • Average Combined State & Local Sales Tax Rate: 6.95%
  • State Sales Tax Treatment of Groceries: Exempt
  • Local Sales Tax Treatment of Groceries: Taxed
  • Number of Services Taxed: 36 out of 168 surveyed
  • Streamlined Sales Tax Membership: Associate
  • Vendor Compensation available without ceiling
  • State sales tax applies to gasoline
Property Tax Features (2011)
  • Statewide homestead exemption is relatively small, though local option exemptions can be significant.
  • Provides state-funded homestead exemption (currently suspended).
Other Tax & Revenue Features (2011)
  • Gasoline Tax Rate (per gallon): $0.292
  • Diesel Tax Rate (per gallon): $0.317
  • Cigarette Tax Rate (per pack): $0.37
  • Estate or Inheritance Tax: No
  • Net Lottery Sales Per Capita: $294
Tax Policy Oversight
  • Tax Expenditure Report: Yes
  • Tax Incidence Analysis Capability: None

Last Updated August 25, 2011

Sources & Glossary