Cost of Doing Business / Taxes
Georgia’s low corporate tax rate is 6 percent; the single factor apportionment formula applies the corporate tax rate only to gross receipts or sales in Georgia, significantly reducing the tax rate of Effingham County companies with substantial sales to customers outside of Georgia.
Taxes on real estate and tangible personal property are levied by the cities of Guyton and Springfield, Effingham County, Effingham County Health System, Effingham County Industrial Development, and the Effingham County School District. The taxes are collected by the County, except for those levied by the City of Springfield. The tax rates are set annually, but do not significantly change from year to year. All properties are assessed at 40% of fair market value.
Voters in Effingham County have allowed a 100% Freeport Exemption (ad valorem tax exemption) for work in process, raw materials and finished goods destined to be shipped out of state.
| 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 |
Sales tax in Effingham County is 7%: 4% state, 3% local.