Savannah Chamber

2019-2020 Savannah Relocation Guide

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62 SAVANNAHCHAMBER.COM TAXES Savannah Area and Georgia Tax Summary Compared to other states, Georgia enjoys modest tax rates. A balanced budget is constitutionally mandated and a pro-business climate nurtures strong economic growth. The maximum corporate income tax rate, which has remained at 6 percent since 1969, was lowered to 5.75 percent effective in 2019, and the stage has been set for further reduction to 5.5 percent in 2020, pending additional legislative approval. Chatham County Sales Tax Tax is 7 percent (4 percent state, 3 percent local option) on purchases of most goods and some services. Only the 3 percent local sales tax is charged on groceries. State Personal Income Tax In early 2018, Georgia's General Assembly reduced the top tax rate for individuals from 6 percent to 5.75 percent and doubled the standard deduction, both through the year 2025. Property Tax Chatham County property taxes are assessed on 40 percent of the fair market value of the property. Applied to this amount are millage rates, which are levied by various governing authorities: Chatham County, the Savannah-Chatham County Board of Education, the City of Savannah and some—but not all—municipali- ties. The Chatham Area Transit Authority levies a tax in some service areas. Owner-occupied homes are eligible for homestead exemptions, as well as an exemption that essentially freezes the taxable value at the purchase price until it is sold again, and additional exemptions apply to certain categories of senior citizens. VOTER REGISTRATION Voter Registration Office 1117 Eisenhower Drive, Ste. E 912-790-1520, voter.chathamcounty.org • You must be a U.S. citizen at least 18 years old to vote (17 ½ years to register), mentally sound and not currently serving a sentence for a felony conviction. • You must register at least 30 days before an election in which you wish to vote. Although the voter rolls are periodically purged of inactive voters, those who vote with some regularity remain registered until they change addresses. • You may register at the Chatham County Registrar's office, the various branches of the Live Oak Public Libraries in Chatham County, the Georgia Department of Driver Services and certain other gov- ernment offices. You may also register online at the Georgia Secretary of State's official website. NEED-TO-KNOW INFORMATION When moving your home or business to a new city, just finding basic information can be daunting. Let us help you get started. S A V A N N A H M O R N I N G N E W S R E S O U R C E S

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