Cost of Doing Business
5.75%
corporate income tax
#1
state for business
86.2%
cost of doing business
5.75%
corporate income tax
#1
state for business
86.2%
cost of doing business
Georgia's single factor apportionment formula applies the corporate tax rate only to gross receipts or sales in Georgia, significantly reducing the corporate tax liability for companies with significant sales outside of the state.
| Local Property Tax Millage Rates | |
|---|---|
| City of Guyton | 2.720 |
| City of Rincon | 0 |
| City of Springfield | 4.800 |
| Effingham County | 8.337 |
| Effingham County Schools | 17.500 |
| Effingham Health System | 2.310 |
| Effingham Industrial Development Authority | 2.000 |
Local property taxes are assessed at 40% of fair market value. Ex: (FMV*0.40)*Millage Rate = Taxes Owed
Effingham County has 100% freeport tax exemption for raw materials, work in process, and finished goods
Sales tax in Effingham County is 7% (4% state, 3% local)
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