PROPERTY TAX EXEMPTIONS
Georgia Code 48-5-41 provides an exemption from ad valorem taxes
for certain properties based on the ownership and use of the property.
The general rule for all exemptions is:
A property will not qualify if it is primarily used by a person or
organization other than the owner of record, or if it is rented, leased,
or used for the primary purpose of securing an income. Mere latent ownership
of a property by a nonprofit organization will not qualify
the property for exemption. For more information, please contact our office.
The following categories are exempted in GA Code 48-5-41:
- The owner of the property must be a non-profit organization (a copy of your IRS 501(c)(3) award letter will be requested);
- The owner itself must be using the property;
- The use of the property by the owner must be for a purpose expressly exempted in Georgia Code.
PLACES OF RELIGIOUS WORSHIP
NO RENT SINGLE FAMILY HOUSING OWNED BY RELIGIOUS ORGANIZATIONS
PURELY PUBLIC CHARITIES
ALL PLACES OF BURIAL
AIR OR WATER POLLUTION FACILITIES
NONPROFIT HOMES FOR THE AGED OR MENTALLY DISABLED
HISTORICAL FRATERNAL BENEFIT ASSOCIATIONS CHARTERED PRIOR TO JANUARY 1, 1880.
GA Code 48-5-7.4. Property, the primary purpose of which is any good faith production
of agricultural products or timber, may qualify for Conservation Use exemption.
This exemption provides a reduced assessment based on rates provided by the State Department of Revenue.
The qualifying owner is required to sign a 10-year covenant agreeing to the continued
Conservation Use of the property.
BREACH OF COVENANT WILL RESULT IN SUBSTANTIAL PENALTIES.
REHABILITATED AND LANDMARK HISTORIC PROPERTIES
GA Code 48-5-7.2 and 48-5-7.3. Certain properties which are designated
by the Georgia Department of Natural Resources as Historic
may qualify for a reduced assessment. For Rehabilitated Historic properties,
the rehabilitative work must improve the value of the property by 50% for Residential,
75% for a property that is both Residential and Commercially used, and 100% for Commercial
properties. Contact the
Department of Natural Resources for certification,
then apply for the exemption with your Assessor's office.
BUSINESS PERSONAL PROPERTY
Personal Property valued at $7,500.00 or less is automatically exempt from ad valorem taxes.
The property, however must be returned, valued and entered on the tax digest.
Owners of personal property with a value of less than $7,500.00 receive no bill.
PERSONAL PROPERTY FREEPORT EXEMPTIONS
The following types of tangible
personal property are exempt from taxes:
The Freeport filing date for 100% exemption is January 1 through April 1. The amount for late filed applications is:
- Inventory of goods in the process of being manufactured or produced including raw materials and partly finished goods; 100% exemption
- Finished goods produced in Georgia within the last 12 months; 100% exemption
- Finished goods stored in Georgia within the last 12 months and destined for shipment out of state; 100% exemption