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Property Taxes
Property taxes are determined by tax rates, which vary by incorporated and unincorporated areas of the county. The assessment rate is 40% of the fair market value. The millage rates consist of county, city, school, and state tax rates. This rate applies to all real and personal property.
In order to quickly calculate the amount of taxes owed per $1,000 of property owned, multiply the millage rate by the assessment rate (40%). Example:
(24.525 mills) x (.40) = $9.81 per $1,000 of property
Sales Tax
Local 3%
State 4%
City/County Millage Rates – Catoosa County 22.14
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City of Fort Oglethorpe
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City of Ringgold
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28.60
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24.84
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Georgia Department of Revenue (Tax Rates), 2008
GA Freeport Tax Exemption Law
Freeport is the general term used for the exemption of ad valorem tax on inventories. The following are the categories of inventoried goods:
- Manufacturer’s raw materials and goods in process;
- Finished goods held by the original manufacturer;
- Finished goods held by distributors, wholesalers and manufacturers destined for out-of-state shipment.
Catoosa County 100%
City of Ringgold 60%
City of Fort Oglethorpe 40%
Job Tax Credits
Locating in the State of Georgia would allow prospective businesses the eligibility for a job tax credit on their state income tax liabilities for a 5-year period. The amount of the tax credit depends upon the respective county’s tier status and the number of jobs created. Catoosa County is designated as a Tier 3 community; therefore, companies looking to create at least 15 jobs in Catoosa County may be eligible to receive a $1,250 tax credit.
*Note: Catoosa County is part of a joint development authority which allows an additional $500 credit per job offering a total of $1,750 job tax credit.
Ports Activity Enhancement
An additional $1,250 tax credit per job is available should the company elect to increase their port traffic at the Port of Savannah or the Port of Brunswick.
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