Dawson CVB

Corporate Net Income
Georgia’s corporate income tax rate 6%. Georgia has not raised taxes in seventeen years and has a legislated balanced budget.

This applies only to the portion of income that is earned in Georgia. The following formula is used:

Corporate Net Worth
Domestic operations are taxed 100% of net worth and foreign (out-of-state) corporations are taxed only on net worth apportioned to Georgia; determined by the following formula:

Real & Personal Property (Ad Valorem Taxes)
Effective property tax rates within the Dawson County area are as follows (per $1000 of fair market value):

Dawson County 22.44

City of Dawsonville 0 .00

These taxes are stated in terms of millage rates, the dollars of taxes to be paid for each $1000 of the real property’s assessed valuation. The assessed valuation rate is 40% of the property’s fair market value.

All rates are set at the local level, except the State portion of the tax, which is fixed by Georgia law at a rate of 0.25 mills.

Intangible Property Tax
Intangible property tax is collected annually by Georgia counties. Rates are fixed by state law and range from $0.10 to $1 for each $1,000 of fair market value.

Applies only to intangibles apportioned to Georgia (using the same 3-ratio formula as for corporate income tax), and do not apply to stock held in corporations chartered outside Georgia but now located in the state.

Workers Compensation
Georgia does not levy a tax for workers compensation.

All employers covered by the Georgia State Workers’ Compensation Act must either carry compensation or be self-insured.

Insurance in handled through private companies with the premium based on the experience of the industry in which the company is operating.

Self-insured companies are required to provide satisfactory proof of financial ability and may be required to post a security bond.

Unemployment Insurance
National Social Security Act requires each state to administer an unemployment insurance program.

Georgia’s initial tax is 2.7% of each employee’s first $8,500 earnings.

After employment record is established in Georgia (36 months), a new rate based on employee separations is developed.

Sales and Use Tax
Statewide tax which applies to the retail purchase, sales (4%), rental, storage, use, or consumption of tangible personal property and certain services.

Dawsonville/Dawson County and counties located around the area have a 7% sales tax.

Use tax is of cost price or fair market value, whichever is less.

Exemptions:

• Purchase for resale
• Machinery used directly in making a product for sale
• Raw materials that will become a component of a finished product
• Machinery and equipment used for pollution control
• Solar energy systems machinery for heating/cooling/drying

Local Option Sales Tax
One percent additional sales tax is available to county governments. Dawson County used the special purpose sales tax to improve roads and bridges. This additional tax has to be voted on or approved by referendum.

A local option sales tax can be levied by local counties to either supplement general revenues or to fund specific civic projects such as road construction.

Generally, a local option sales tax is used to reduce property tax levies.

Personal Income Tax
Rates range from 1% to 6% of taxable income.

Income and deductions generally follow federal regulations.

County real estate and personal property taxes are due within 60 days from the day of the notice. Information is available through the Tax assessor's office and must be filed by April 1. For more information, please call 706.344-3590.