Georgia § 48-5-42-1 Personal property tax exemption for property valued at $7,500.00 or less

Georgia Statutes

§ 48-5-42-1 — Personal property tax exemption for property valued at $7,500.00 or less

Georgia § 48-5-42-1

Title48

This text of Georgia § 48-5-42-1 (Personal property tax exemption for property valued at $7,500.00 or less) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

O.C.G.A. § 48-5-42-1 (2026).

Text

(a)It is the intent of this Code section to exempt from the payment of ad valorem taxation certain tangible personal property on which the tax due does not exceed the reasonable cost of administering and collecting the tax.

(b)All tangible personal property of a taxpayer, except motor vehicles, trailers, and mobile homes, shall be exempt from all ad valorem taxation if the actual fair market value of the total amount of taxable tangible personal property owned by the taxpayer within the county, as determined by the board of tax assessors, does not exceed $20,000.00. See 2024 Ga. Laws 581, § 3.

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(a) It is the intent of this Code section to exempt from the payment of ad valorem taxation certain tangible personal property on which the tax due does not exceed the reasonable cost of administering and collecting the tax. (b) All tangible personal property of a taxpayer, except motor vehicles, trailers, and mobile homes, shall be exempt from all ad valorem taxation if the actual fair market value of the total amount of taxable tangible personal property owned by the taxpayer within the county, as determined by the board of tax assessors, does not exceed $20,000.00. See 2024 Ga. Laws 581, § 3.