Does Georgia have business personal property tax?

Filing Business Personal Property Tax Returns In Georgia. In Georgia, property tax is a tax on the value of all real and tangible property unless exempt. All local assessors accept the Georgia Department of Revenue’s “Tangible Personal Property Tax Return: PT-50P.” There is a 10% penalty for late filing or non-filing.

What is business personal property return?

Summary: Business Personal Property Tax (BPP) is a tax on the furniture, fixtures, and equipment that are owned and used in a business. On the return, the business owner reports the total cost of the assets, the income tax depreciation, and the net depreciated value.

What is considered business personal property?

Business personal property ( BPP ) refers to movable items owned by your business. It includes office supplies, furniture, computers, machinery – basically everything except for the building itself.

When to file Fulton County property tax returns?

SmartFile allows users to securely file forms online. Real Property Returns (Jan. 1 – April 1) Property Data Verification (Residential & Commercial Properties) Homestead & Special Exemptions (Learn about homestead exemptions on our Exemptions page) Business, Aircraft & Marine Personal Property Returns (Jan 1 – April 1)

Are there any tax savings in Fulton County?

The amount of savings vary depending on the annual tax rates (millage rates) set by the county and city governing authorities and school boards. The savings also vary depending on applicable property exemption caps/freezes.

Where does Fulton County Georgia issue business licenses?

Fulton County issues business licenses for the Fulton Industrial District only. If your are unsure if your business is located in the unincorporated areas of Fulton County, Click here and search for your business’s address, then click on Full Property Profile, to determine which jurisdiction will issue your business license.

Is there a homestead valuation exemption in Fulton County GA?

Homestead Valuation Freeze Exemption – This county has enacted a homestead valuation freeze exemption. This exemption will freeze the valuation of property at the base year valuation for as long as the homeowner owns and resides on the property. Voters in the county may elect to exempt commercial and industrial inventory.