Overview of Georgia Taxes
Georgia has a progressive state income tax, although it's fairly average among states charging income tax. Property taxes in Georgia are around the national average, while the state gas tax is above average.
Household Income Dismiss | Location Dismiss | Filing Status |
Advanced | |||
401(k) Contribution Dismiss | IRA Contribution Dismiss | Itemized Deductions Dismiss | Number of State Personal Exemptions Dismiss |
Have Questions About Your Taxes?
A financial advisor may be able to help. Match with an advisor serving your area today.
Your Income Taxes Breakdown
Tax Type | Marginal Tax Rate | Effective Tax Rate | 2023 Taxes* |
Federal | |||
FICA | |||
State | |||
Local | |||
Total Income Taxes | |||
Income After Taxes | |||
Retirement Contributions | |||
Take-Home Pay |
* These are the taxes owed for the 2023 - 2024 filing season.
Your 2023 Federal Income Tax Comparison
- Your marginal federal income tax rate
- Your effective federal income tax rate
- Your federal income taxes
Total Estimated 2023 Tax BurdenIncome Tax $ Sales Tax $ Fuel Tax $ Property Tax$ Total Estimated Tax Burden $ Percent of income to taxes = % | $ |
- About This Answer
Our income tax calculator calculates your federal, state and local taxes based on several key inputs: your household income, location, filing status and number of personal exemptions.
How Income Taxes Are Calculated
- First, we calculate your adjusted gross income (AGI) by taking your total household income and reducing it by certain items such as contributions to your 401(k).
- Next, from AGI we subtract exemptions and deductions (either itemized or standard) to get your taxable income. Exemptions can be claimed for each taxpayer as well as dependents such as one’s spouse or children.
- Based on your filing status, your taxable income is then applied to the the tax brackets to calculate your federal income taxes owed for the year.
- Your location will determine whether you owe local and / or state taxes.
- Last Updated: January 1, 2024
When Do We Update? - We regularly check for any updates to the latest tax rates and regulations.
Customer Service - If you would like to leave any feedback, feel free to email info@smartasset.com.
Taxes can really put a dent in your paycheck. But with a Savings or CD account, you can let your money work for you. Check out these deals below:
Taxes in Georgia
Georgia State Tax Quick Facts
- Income tax: 1.00% - 5.75%
- Sales tax: 4% - 9%
- Property tax: 0.90% average effective rate
- Gas tax: 31.2 cents per gallon of regular gasoline, 35 cents per gallon of diesel
Among U.S. states, Georgia’s tax system ranks close to the middle of the pack for the burden its tax system places on taxpayers. Combined state and local sales taxes in the Peach State average 7.73%. The state has a top marginal income tax rate of 5.75%. Likewise, its average property taxes are near the national averages. Of course, these various rates mean individual tax payers could end up paying more or less depending on their income and other factors.
A financial advisor can help you understand how taxes fit into your overall financial goals. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Georgia Income Taxes
Georgia utilizes a relatively simple progressive income tax system, with rates ranging from 1.00% to 5.75%. Higher earners pay higher rates, although Georgia’s brackets top out at $7,000 for single filers and $10,000 for joint filers, which means the majority of full-time workers will pay the top rate.
These are marginal rates, which means they only apply to the dollars within their respective brackets. For example, a person with a taxable income of $20,000 would pay 1% on their first $750 of income, 2% on the next $1,500 (up to $2,250), 3% of the next $1,500 and so on. All income above the $7,000 limit would be taxed at the top rate of 5.75%. Note that married, separate filers face the same rates with different brackets, ranging from $500 up to $5,000.
These rates do not apply to actual earnings, but rather to taxable income. Taxable income takes into account all deductions and exemptions, and is lower than actual income. In Georgia, taxpayers can claim a standard deduction of $5,400 for single filers and $7,100 for joint filers for the 2023 tax year. For tax year 2024, the standard deduction increases to $12,000 for single filers and $24,000 for joint filers.
Georgia Sales Taxes
While Georgia has one of the lowest statewide sales taxes in the country (among states that have a sales tax), Atlanta has its own city sales tax, and counties can assess their own sales taxes of up to 5%. The table below shows the maximum combined sales tax rate in every county in Georgia.
Note that Atlanta is the only city with its own sales tax, and, when combined with state and county sales taxes, the total sales tax there is 8.90%.
In general, all products in Georgia are subject to the full amount of the rates listed above, but there are some exceptions. Most types of groceries are subject only to the local county rates. Automobiles also have their own rules. Regardless of where in the state they are purchased, vehicles are all subject to a “Title Ad Valorem Tax.” The tax is 7% of the market value (not sales price) of the car.
Georgia typically has two sales tax holidays, during which specific items can be purchased tax-free. The first holiday runs for one day around the end of July. It is targeted for back-to-school shopping and applies to most clothing, school supplies and computers. The second holiday runs later in the year and applies to certain energy- and water-efficient appliances.
Georgia Property Tax
Since counties and cities collect real estate taxes and assess property values according to their own set of rules, the best way to evaluate property taxes is based on the amounts homeowners report paying as a percentage of actual home values. This is called the effective property tax rate.
For the entire state of Georgia, the effective property tax rate is 0.90%, which is less than the national average of 1.02%. That varies by county, however. In Brooks County, on the Florida border, the effective property tax rate is 1.42%.
If you are considering purchasing a property in Georgia or are thinking about refinancing, this mortgage guide is a great place to start. We’ve got everything you need to know about getting a mortgage in the Peach State, with information about rates and details about each county.
Georgia Alcohol Tax
Georgia has among the highest taxes on alcoholic beverages in the country, which is assessed to wholesalers. The Peach State charges $1.08 in excise tax on a standard case of 24 12-ounce containers of beer (4.5 cents per can), plus another $1.20 uniform local beer tax (5 cents per can).
Georgia Gas Tax
Georgia charges a tax of 31.2 cents per gallon of gasoline and 35 cents per gallon of diesel. Gov. Brian Kemp suspended these taxes in September 2023 in response to inflation, but the suspended rates expired at the end of November.
Georgia Estate Tax
As of July 1st, 2014, the state of Georgia has no estate tax.
- Georgia produces more peanuts, pecans, blueberries and broilers (chickens) than any other state in the country.
- The song “Georgia on My Mind” was originally written by Hoagy Carmichael and Stuart Gorell, and was most famously covered by Ray Charles. It is the official state song of Georgia.