Georgia plans to lift the property-tax exemption threshold to GEL 100,000

Georgia is moving to more than double the household-income threshold that determines whether individuals pay property tax on taxable property other than land: from GEL 40,000 to GEL 100,000.

Revenue Service head Mamuka Baratashvili said about 81,000 families would no longer owe the tax if the change takes effect. Under the current rules, those households would collectively have paid around GEL 22 million. The draft was prepared with the Finance Ministry and Parliament and is being considered under an accelerated procedure.

The timing is important because officials want eligible households to benefit in the 2026 tax cycle. The existing system uses prior-year family income to determine the obligation, and the annual payment deadline is 15 November.

The announcement settles the headline threshold but not every design question. Public statements so far do not establish a new rate structure for households above GEL 100,000, so the final bill text will matter for higher-income owners and for how sharply the tax burden changes at the new cutoff.

Estate Briefing previously examined the broader property-tax reform options and the possible effect on housing-market behaviour; the new threshold decision narrows that uncertainty substantially. Read the earlier Estate Briefing analysis.

For homeowners, the immediate takeaway is straightforward: the proposed relief is broad, but it is not yet the same thing as an enacted law. The final parliamentary text and effective date remain the next documents to watch.