Show/Hide
Welcome to our new website! We are continuing to work  to make your experience better. 

Taxes

Print
Press Enter to show all options, press Tab go to next option

Ad valorem (Property Tax) 

Coweta County continues to preserve property tax rates that are below average in Georgia, which is especially attractive given our close proximity to Interstate 85, Hartsfield-Jackson Atlanta International Airport, and downtown Atlanta.

The ad valorem tax is based on the fair market value of property (real property and personal property & equipment), which is established on January 1st of each year. The assessed valuation in Georgia is 40% of the fair market value. The amount of tax is determined by the tax rate (millage rate) levied by various entities (one mill is equal to $1.00 for each $1,000 of assessed value, or .001). 


2016 Tax Rates
Unincorporated Coweta County = 28.96 mills
City of Grantville = 35.41 mills
City of Newnan = 30.11 mills
City of Senoia = 36.04 mills

2016 Effective Tax Rates  (per $1,000 of assessed value)
Unincorporated Coweta County = $11.58
City of Grantville = $14.16
City of Newnan = $12.04
City of Senoia = $14.42 

2016 Tax Rates


Coweta County

City of Newnan

City of Senoia

City of Grantville

STATE

0.00

0.00

0.00

0.00

COUNTY

6.27

7.47

7.47

7.47

SCHOOL

18.59

18.59

18.59

18.59

SCHOOL BOND

0.00

0.00

0.00

0.00

FIRE

3.65

0.00

0.00

0.00

FIRE BOND

0.45

0.00

0.00

0.00

CITY

0.00

4.05

5.88

5.25

CITY FIRE

0.00

0.00

3.65

3.65

CITY FIRE BOND

0.00

0.00

0.45

0.45

TOTAL MILLAGE RATE

28.96

30.11

36.04

35.41

EFFECTIVE TAX RATE
(per $1,000)

$11.584

$12.044

$14.416

$14.164

 

Freeport Inventory Tax Exemption

Coweta County voters adopted a variation of the Freeport inventory tax exemption which includes Coweta County and any municipality in the county.  The exemption covers 100% of inventory destined to be shipped outside Georgia for the following inventory classes:

  • Inventory of goods in the process of manufacture or production, which shall include all partly finished goods and raw materials, held for direct use or consumption in the ordinary course of the taxpayer's manufacturing or production business in the State of Georgia.
  • Inventory of finished goods manufactured or produced within the State of Georgia in the ordinary course of the taxpayer's manufacturing or production business when held by the original manufacturer or producer of such finished goods. The exemption provided for herein shall be for a period not exceeding twelve (12) months from the date such property is produced or manufactured.
  • Inventory of finished goods which, on the first day of January, are stored in a warehouse, dock or wharf, whether public or private, and which are destined for shipment to a final destination outside the State of Georgia and inventory of finished goods which are shipped into the State of Georgia from outside the State and stored for transshipment to a final destination outside this State. The exemption provided for herein shall be for a period not exceeding twelve (12) months from the date such property is stored in this State.

The deadline for filing an application for the Freeport exemption with the Coweta County Board of Tax Assessors is April 1st in order to receive the maximum exemption on quality inventory.  The filing deadline cannot be extended.  Companies that file for the exemption after the April 1st deadline are subject to significant penalties and are not eligible for the full exemption.  Additional information is available HERE or by contacting the Coweta County Tax Commissioner’s office (770-254-2670 or www.cowetataxcom.com), or the Coweta County Board of Tax Assessors office (770-254-2680 or www.cowetatax.com).

Sales & Use Tax

Sales & Use Tax is a tax upon the use, consumption, distribution, or storage of tangible personal property and certain services. It is levied or imposed upon retail sales, rentals, leases, uses, or consumption of tangible personal property, and certain services that are specifically taxed under the Georgia Retailer’s and Consumer’s Sales and Use Tax Act.
State Sales Tax = 4%
Local Sales Tax = 1%
Special Purpose Local Option Sales Tax = 1%
Special Purpose Local Option Sales Tax for Education = 1%

Georgia provides a number of sales and use tax exemptions, including Manufacturing Machinery, Pollution Machinery, Production Equipment, Electricity Exclusion, Material Handling Machinery for Distribution Facilities.

Business Licenses

Anyone doing any type of business in unincorporated Coweta County is required to have a Business License Certificate.  Certificates can only be obtained through the Business Tax Department for Coweta County. 

If the business is located within the city limits of Grantville, Newnan or Senoia, a business license from that jurisdiction is necessary in lieu of a county business license.

Business Licenses are issued for Home Occupation, Commercial, Professional and Regulatory categories.

Alcohol Licenses are issued for Retail Beer, Retail Wine, Retail Beer and Wine, Consumption Beer, Consumption Wine, Consumption Beer and Wine and Wholesale Beer and Wine.

General Information

  • Completed applications for new businesses must be brought to the Business Tax Department. 
  • A valid driver’s license with current home address is required. 
  • A Federal ID number or a Georgia Sales Tax number is required. For a FEIN, call 1-800-829-4933 or go online to www.irs.gov. For a GA sales tax number, call 404-417-4490.
  • New applications are not accepted by e-mail, online, or by postal service.
  • If a state license is required for your business, you must provide a copy with your application.
  • Certain other information may be required depending on the type of business you are operating.
  • A short questionnaire must be completed at the time you make your application.
  • Processing time varies, but usually takes less than two weeks.
  • All licenses expire December 31st. Renewals are accepted between January 1 and April 15 in order to avoid penalties and interest.
  • If you close your business, please contact the Business Tax Department at 770-254-2626. 

 

For more information on business license requirements in Coweta County, call 770-254-2626 or visit the Business License website.

State Corporate Income Tax

Georgia was the first state in the Southeast to adopt the Single Factor Apportionment Formula for state corporate income taxes. Since 2008, state corporate income taxes have been based on the company’s gross receipts inside the state of Georgia. This new single sales factor apportionment formula significantly reduces the effective rate of Georgia income taxation of Georgia-based manufacturing, distribution and service companies with substantial sales to customers outside Georgia. The maximum tax rate is 6%.

State Corporate Net Worth Tax

Corporations that own property or do business in Georgia are subject to Net Worth Tax. The amount of the tax varies according to the corporation’s net worth. The minimum tax is $10 for a net worth less than $10,001. The maximum is $5,000 for a net worth in excess of $22 million.

Unemployment Taxes

Georgia’s unemployment insurance law is administered by the Georgia Department of Labor. For new employers, the tax rate is 2.7% and can be adjusted after an unemployment history for the company is established. For more information, contact the Georgia Department of Labor’s Newnan Career Center at 770-254-7220.

State Withholding Tax

Withholding tax is the amount held from an employee’s wages and paid directly to the state by the employer.  This includes tax withheld from wages, nonresident distributions, pension and annuity payments, and other sources of income.  The withholding rate is a graduated scale ranging between 0 and 6%.

Please consult a tax professional to ensure compliance with all relevant federal, state and local taxes.

 

Back to top