{"id":194,"date":"2012-06-29T21:31:26","date_gmt":"2012-06-29T21:31:26","guid":{"rendered":"http:\/\/www.websitefix.net\/clients\/Generic\/?page_id=194"},"modified":"2022-08-17T19:13:06","modified_gmt":"2022-08-17T19:13:06","slug":"state-tax-system","status":"publish","type":"page","link":"https:\/\/www.sunraydirect.com\/AugustaGA3\/?page_id=194","title":{"rendered":"State Tax System"},"content":{"rendered":"

TAX & LICENSE \/ STATE TAX SYSTEM<\/p>\n

Georgia
\n<\/strong>
\nIncome Tax<\/strong>
\nGeorgia imposes a tax on individual income that is graduated according to income level and based on the taxpayer’s federal adjusted gross income. Your filing status, income level, deductions, credits, and exemptions will all affect the tax owed. However, the maximum tax rate is 6 percent. State tax returns are due no later than April 15 for the previous calendar year, and Georgia does allow credit for income tax paid to other states. For details on income tax in Georgia, contact:<\/p>\n

Georgia Department of Revenue
\n<\/strong>Income Tax Division
\n877-423-6711
\nhttps:\/\/dor.georgia.gov<\/a><\/p>\n

Tax Refund Status
\n<\/strong>404-656-6286
\n800-338-2389
\nhttps:\/\/dor.georgia.gov<\/a><\/p>\n

Sales\/Use Tax<\/strong>
\nGeorgia imposes a 4 percent statewide sales tax, a one percent mass transit tax in Fulton and DeKalb counties only, a one percent Homestead Local Option Tax in DeKalb and Rockdale counties only, a one percent Local Option Tax, a one percent Educational Local Option Tax, and\/or a one percent Special Local Option Tax. Tax rates vary but the maximum rate is 7 percent. Sales taxes are imposed on retail sales and certain services at the consumer level. Use taxes are due on purchases made via the Internet or catalog orders where taxes have not been collected by the selling company but the goods are used in Georgia. Use taxes are paid directly to the Department of Revenue.<\/p>\n

Property Tax<\/strong>
\nAll real property and all personal property are taxable unless the property has been exempted by law. Property taxes are billed and collected by the County Tax Commissioner. County tax bills include both the fair market value and assessed value of the property. Taxable tangible personal property is assessed at 40 percent of its fair market value. Real property is assessed at the same rate unless otherwise specified. The State offers homestead exemptions to persons that own and occupy their home as a primary residence. Many counties offer homestead exemptions that are more beneficial to the taxpayer than the state exemptions. Homestead exemptions are filed with the county tax commissioner or the county tax assessor’s office. For more information or answers to specific questions, contact your county officials:<\/p>\n

Real Estate Transfer Tax<\/strong>
\nWhen real property is sold or transferred for consideration with a value of $100 or more, a real estate transfer tax is imposed as an excise tax for the privilege of selling property. Based on the property’s fair market value, real estate transfer tax is imposed at a rate of $1 for the first $1000 plus 10 cents for each additional $100 or fractional part of $100. The real estate transfer tax is paid by the seller unless otherwise agreed by contract between the parties, and this tax must be paid before a deed can be recorded in the office of the clerk of the superior court. The website for the Georgia Superior Court Clerks Cooperative Authority (GSCCA) offers a list of frequently asked questions about the electronic filing of the form PT-61. This organization will also assist you with any problems you encounter during electronic filing. For general questions about real estate transfer tax, contact the Property Tax Division of the Georgia Department of Revenue.<\/p>\n

GSCCCA
\n<\/strong>Electronic Filing Assistance
\nhttps:\/\/www.gsccca.org<\/a><\/p>\n

Georgia Department of Revenue
\n<\/strong>Property Tax Division
\n404-724-7000
\nhttps:\/\/dor.georgia.gov<\/a>
\n
\n<\/strong>Ad Valorem Vehicle Tax and Title Tax<\/p>\n

Ad Valorem Tax<\/strong>
\nVehicles purchase and registered before March, 1, 2013
\nEach year every motor vehicle owned and registered in Georgia is subject of ad valorem taxes imposed by local taxing jurisdictions. These taxes are base don the vehicle’s assessed value determined the state and local millage rate set by the local tax board. The assessed value is 40 percent of the state valuation or 50 percent of the fair market value plus 50 percent of the wholesale value.
\nhttps:\/\/dor.georgia.gov\/title-ad-valorem-tax-tavt-faq<\/a><\/p>\n

Vehicle Title Tax<\/strong>
\nBeginning in March 2013 residents are required to pay a Vehicle Title Tax based on the value of the vehicle. The new form of vehicle tax replaces the previously charged Ad Valorem vehicle tax for vehicles purchase after the start date of the new law. The rules regarding the tax are complex and not every vehicle is subject to the same tax. Please visit the link below for further details and for answers to frequently asked questions:<\/p>\n

Vehicle Title Tax F.A.Q
\n<\/strong>https:\/\/georgia.gov\/use-ad-valorem-tax-calculator<\/a><\/p>\n

Title Tax Calculator and Information
\n<\/strong>https:\/\/georgia.gov\/use-ad-valorem-tax-calculator<\/a><\/p>\n


\n<\/strong>Estate Taxes<\/strong>
\nWhile Georgia has no gift tax or inheritance tax, the state does impose an estate tax in the amount allowable by the Internal Revenue Service as a credit for state death taxes. In effect, the estate taxes paid to Georgia may be used to reduce the estate taxes due to the IRS. For more information on estate taxes, contact:<\/p>\n

Georgia Department of Revenue
\n<\/strong>Estate Tax Division
\n877-602-8477
\nhttps:\/\/dor.georgia.gov<\/a><\/p>\n

South Carolina<\/p>\n

State Income Tax
\n<\/strong>South Carolina taxes individual personal income at graduated rates ranging from 6 percent to a maximum rate of 7.75 percent. The state uses four income tax brackets that are adjusted annually for inflation. Tax tables are included in the individual income tax return instructions. The other variables in your taxes include your filing status and any applicable credits, exemptions, or deductions that might apply. The state offers a number of alternatives to filing paper returns including telefile and filing online. In fact, South Carolina leads the nation in the percentage of its taxpayers that file by electronic or non-paper methods. For more information or answers to specific questions, contact:<\/p>\n

South Carolina Department of Revenue
\n<\/strong>Taxpayer Service Center
\n300A Outlet Pointe Boulevard
\nColumbia 803-898-5000
\nhttps:\/\/dor.sc.gov<\/a><\/p>\n

Frequently Requested Numbers<\/p>\n

Form Request
\n<\/strong>800-768-3676<\/p>\n

Taxpayer’s Advocate
\n<\/strong>803-898-5444<\/p>\n

Sales and Use Tax
\n<\/strong>South Carolina imposes a statewide sales tax of 6 percent on the sale of goods and certain services. A use tax at the same rate is due on goods purchased out of state and brought into South Carolina where no sales tax has been paid. Individual counties may impose an additional sale and use tax rate if approved by local voters. Generally, all retail sales are subject to the sales tax. For more information or answers to specific questions, contact:<\/p>\n

South Carolina Department of Revenue
\n<\/strong>Sales\/Use Tax
\n844-898-8542
\nAccommodations
\n803-898-5970
\nSolid Waste
\n803-898-5970
\nhttps:\/\/dor.sc.gov<\/a><\/p>\n

Property Tax
\n<\/strong>Property tax is administered and collected by local governments with assistance from the South Carolina Department of Revenue. Real and personal property are subject to the tax. Approximately two-thirds of county-levied property taxes are used for support of public education. Municipalities levy a tax on property situated within the limits of the municipality for services provided by the municipality. The tax is paid by individuals, corporations, and partnerships owning property within the state. For details on property taxes on your home or automobile, contact the assessor (property tax) or auditor (vehicle taxes) in the county of your residence. Your county treasurer and\/or tax collector will also be a valuable source of information. (In counties without a tax collector, the treasurer handles tax collecting functions.)<\/p>\n

Estates and Trusts
\n<\/strong>South Carolina taxable income of estates and trusts is taxed either to the fiduciary or to the beneficiaries in the same manner as for federal income tax purposes. For more information, contact:<\/p>\n

South Carolina Department of Revenue
\n<\/strong>Taxpayer Service Center
\nEstate Taxes
\n803-898-5756
\nGift Tax
\n803-898-5756
\nhttps:\/\/dor.sc.gov<\/a><\/p>\n

Federal Tax Resources<\/p>\n

Internal Revenue Service
\n<\/strong>Information
\n800-829-1040
\nForms Line
\n800-829-3676
\nTele-tax
\n800-829-4477
\nhttps:\/\/www.irs.gov<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TAX & LICENSE \/ STATE TAX SYSTEM Georgia Income Tax Georgia imposes a tax on individual income that is graduated according to income level and based on the taxpayer’s federal adjusted gross income. Your filing status, income level, deductions, credits, and exemptions will all affect the tax owed. However, the maximum tax rate is 6 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.sunraydirect.com\/AugustaGA3\/index.php?rest_route=\/wp\/v2\/pages\/194"}],"collection":[{"href":"https:\/\/www.sunraydirect.com\/AugustaGA3\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.sunraydirect.com\/AugustaGA3\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.sunraydirect.com\/AugustaGA3\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sunraydirect.com\/AugustaGA3\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=194"}],"version-history":[{"count":6,"href":"https:\/\/www.sunraydirect.com\/AugustaGA3\/index.php?rest_route=\/wp\/v2\/pages\/194\/revisions"}],"predecessor-version":[{"id":656,"href":"https:\/\/www.sunraydirect.com\/AugustaGA3\/index.php?rest_route=\/wp\/v2\/pages\/194\/revisions\/656"}],"wp:attachment":[{"href":"https:\/\/www.sunraydirect.com\/AugustaGA3\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}