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Capital Gains Tax in Georgia
By Priya Raman
Georgia's rate lands in the middle of the pack, but it still bites.
Georgia's rate lands in the middle of the pack, but it still bites.
Georgia taxes capital gains at up to 5.39% at the state level. That's not the highest in the country, but stacked with the federal 20% and the 3.8% NIIT, the combined ceiling reaches 29.2%.
Reinvest the proceeds into a like-kind property and the 29.2% combined rate doesn't come due at closing. Start with the 1031 exchange calculator to see how much of the gain you'd need to roll forward, and lean on the timeline calculator for the 45- and 180-day deadlines.
Georgia's 5.39% sits on top of the federal 20% and the 3.8% NIIT for that 29.2% total. Depreciation recapture adds to the bill separately; see it worked out in the capital gains tax calculator.
A Georgia seller who reinvests the full proceeds through a 1031 exchange owes none of the amount above until a later sale without exchanging. Confirm your own Georgia deadlines with the timeline calculator.