Taxpayer violating terms that are established by Georgian Tax Legislation for submitting property tax return/calculation is penalized by 5% of the assessed money for every delayed complete/incomplete month (incomplete months are summed up to one month). Furthermore, the total amount of sanction should not exceed the 30% of assessed money. If the assessed money, according to tax return/calculations equals zero, the person will not be penalized. 

The property tax on agricultural land is calculated by multiplying the area of land plot (in hectares) by tax rate. The Annual base rate in Gel on a hectare is established by Georgian government: a.a) for pastures and meadows _ according to territorial units and land types, from 1.5 Gel to 20 Gel, within the marginal rate; a.b) for arable and homestead land _ according to territorial units and quality of land, from 50 to 100 Gel, within the marginal rate. The representative authority of self-government establishes the rate that should not exceed the 150% of the annual rate established by central government of Georgia. 

According to article 205 of Tax Code of Georgia, if expected tax liability on property tax, including appropriate tax incentives, has been reduced at least by 50% compared to a previous tax year and taxpayer has notified the relevant tax authority about mentioned fact not later than June 1 of current year, he/she is entitled to reduce or not to pay the amount of current tax payment.