Parliament passes bill raising property tax exemption threshold to GEL 100,000
Parliament has formally enacted amendments to the Georgian Tax Code following a third-reading vote, adopting the measure unanimously with 91 votes in favour and none against.
Under the newly passed law, the existing tiered tax system, including the GEL 40,000 baseline threshold and its corresponding variable tax rates, will be abolished. It will be replaced by a single, unified earnings threshold of GEL 100,000, below which individuals will be fully exempt from property tax.
Paata Kvizhinadze, Chairman of the Finance and Budget Committee, presented the bill to the plenary session.
The majority-backed tax reform will exempt around 81,000 families from paying property tax.
Enacted under fast-track parliamentary procedures, the law will take effect immediately upon official publication.
The amendment will apply retrospectively to property tax declarations due for submission in 2026 under the Tax Code of Georgia.
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Parliament passes bill raising property tax exemption threshold to GEL 100,000
30.09.2026.21:30
Parliament has formally enacted amendments to the Georgian Tax Code following a third-reading vote, adopting the measure unanimously with 91 votes in favour and none against.
Under the newly passed law, the existing tiered tax system, including the GEL 40,000 baseline threshold and its corresponding variable tax rates, will be abolished. It will be replaced by a single, unified earnings threshold of GEL 100,000, below which individuals will be fully exempt from property tax.
Paata Kvizhinadze, Chairman of the Finance and Budget Committee, presented the bill to the plenary session.
The majority-backed tax reform will exempt around 81,000 families from paying property tax.
Enacted under fast-track parliamentary procedures, the law will take effect immediately upon official publication.
The amendment will apply retrospectively to property tax declarations due for submission in 2026 under the Tax Code of Georgia.
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