Taxes and costs when buying property in Georgia

There is no property purchase tax in Georgia. The only mandatory payment is registering ownership at the House of Justice: 50 GEL for standard registration (4 business days) or 200 GEL for expedited same-day service.

Notarising the contract is not mandatory, but it's recommended for complex deals and purchases made via power of attorney.

The annual property tax applies only to families with an annual income above 40,000 GEL. The rate is 0.05–1% of the property's value, set by the municipality. Most owners of a single apartment pay no property tax at all.

When an individual rents out a property, the rate is 5% of income. Registration takes one day, and the return is filed monthly through the tax office's online portal.

Registering as a small business may change the applicable rate, so the right scheme depends on your actual income volume.

Utility bills in Batumi run $40–90 per month depending on season and floor area. Servicing a complex with a pool and security costs $0.3–0.7 per m² per month.