STATE & LOCAL TAXES

Georgia Personal Income Tax
Georgia residents are subject to tax on their net income at rates ranging from 1 percent to 6 percent. Married persons in the 6 percent bracket pay $340 plus 6 percent of their taxable income over $10,000. Income and deductions generally follow federal regulations. Exemptions are $2,700 for dependents and $2,700 personal exemption ($5,400 for husband and wife).

Sales Tax
The tax base for Augusta and Columbia County is 7% on retail sales, rentals, leases, uses or consumption of tangible property.

Personal Property
The assessed value of tangible property is 40% of fair market value as defined by Georgia law.

The homestead of each person is exempt in the amount not to exceed $2,000 in assessed value where the person owns and occupies such homestead as a principal place of residence. For further information on taxes, refer to the Georgia Department of Revenue website - www2.state.ga.us/departments/dor/ptd/