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1. Do other states have an ad valorem personal property tax?

In the United States, there are 39 states, including Georgia, that have an ad valorem personal property tax.

2. What is tangible personal property for a short-term rental?

Personal Property is generally defined as all goods or property other than real estate that the business owner can physically possess, has intrinsic value and that can be physically relocated. For example, furniture, equipment, and/or inventory that is used to conduct business.

Everything that is moveable, inside or outside, of the Short-Term Rental Property is considered personal property. This includes:

• All appliances
• Any and all kitchen wares used to provide the service
• Furnishings
• Hot tubs
• Linens
• Mattresses

Home Businesses

If you have a home business, any items used for a home business (including any personal items used for business purposes) is considered to be business personal property and must be reported.

3. Who files a return for tangible personal property?

Anyone who has a proprietorship, partnership, corporation, is a self-employed agent or contractor, and anyone who leases, lends or rents property must file a return for tangible personal property.

4. What items are to be included in the return?

• Inventory-supplies
• Furniture and Fixtures
• Machinery and Equipment
• Personally-owned property used in the business

5. What sources do the Tax Assessor's Office use for discovery of personal property?

Sources the Tax Assessor’s Office use for discovery of personal property include:

• Business Licenses
• Internet Searches
• Leased Equipment Personal Property
• Publications
• Sales Tax list provided by State, etc.
• Social Media

6. How and when are tangible personal property taxes required to be filed?

Taxpayers are required to complete a PT50P return during the filing period of January 1 through April 1. There are no filing extensions available.

7. What is the assessed value in Georgia?

In Georgia, the Assessed Value is 40% of the Fair Market Value.

Review this example of how the ad valorem taxes are calculated on the Fair Market Value of $100,000.

100,000
× 0.40 =
40,000 (assessed value or taxable value)
× 0.021445 (mill rate for your tax district) =
$857.80 (approximate yearly taxes)

8. How do I report my tangible personal property values?

All Short-Term owners in Greene County should report their assets owned, as of January 1, regardless of value. All assets are to be reported at the original cost new or replacement cost new. When reporting assets, be as detailed as possible to ensure accurate valuation.

Everything that is moveable, inside or outside, is considered personal property. This includes all:

• Any and all kitchen wares used to provide the service
• Appliances
• Furnishings
• Hot tubs
• Linens
• Mattresses

Personal Property Values Examples

Item	Age of Item	Original or Replacement Cost (New)
Dining room set	Purchased with Home	$800 estimated replacement cost
Kitchenware (pots, pans, dishes, etc.)	2 years	$800
Leather sofa	5 years	$800
Linens	2 years	$1,000
Refrigerator	10 years	$1,000

Items Purchased with Home

If you purchased the home with furnishings included, please highlight these items and estimate a new replacement cost. We will use the purchase date of the home as the age of the item.

Returned / Used Items

Please note that all items must be returned at the original cost new. In the case of used items, you must estimate the replacement cost for the item if you were to purchase it new today.

9. What happens if I don't file a return?

Failure to file a return will result in an estimate of value.

10. Who can I contact with questions?

If you have any questions or need help, please contact:
Debbie Moreno
Phone: 706-453-3355
Email Debbie Moreno