Rule 560-11-2-.21. Classification of Tangible Property on County Tax Digests

1. (1) The tax receiver or tax commissioner of each county shall list all taxable real and personal property on the digest using the classifications and strata specified in Regulation 560-11-2-.20.

   1. (a) The tax receiver or tax commissioner shall further identify the properties listed on the digest by use of a two-digit code, the first character of which shall designate the property classification and the second character of which shall designate the stratum. The code is more particularly described as follows:

      1st Digit - CLASSIFICATION

      A - Agricultural

      B - Brownfield Property

      C - Commercial

      F - FLPA Fair Market Value (for reimbursement purposes)

      H - Historic

      I - Industrial

      J - FLPA Conservation Use

      P - Preferential

      R - Residential

      T - Residential Transitional

      U - Utility

      V - Conservation Use

      W - Environmentally Sensitive

      2nd Digit - REAL PROPERTY STRATA

      1 - Improvements

      2 - Operating Utility

      3 - Lots

      4 - Small Tracts

      5 - Large Tracts

      6 - Production/Storage/Auxiliary

      9 - Other Real

      2nd Digit - PERSONAL PROPERTY STRATA

      A - Aircraft

      B - Boats

      F - Furniture/Fixtures/Machinery/Equipment

      I - Inventory

      P - Freeport Inventory

      Z - Other Personal

2. (2) The chairman of the board of assessors shall certify to the tax receiver or tax commissioner a list of all properties, the assessed value of which were changed by the board from the values appearing on the previous year's digest. This list shall not include previously unreturned real and personal property. It shall also exclude divisions and consolidations of property and those changes that are mere transfers of ownership.

   1. (a) The list shall show the final assessed values on the previous year's digest and the assessed values placed on the current year's digest and shall be consolidated by the tax receiver or tax commissioner using the same classifications as are used to classify property appearing on the digest. This list shall be submitted by the tax receiver or tax commissioner to the State Revenue Commissioner at the time and in the manner the tax digest is submitted.
3. (3) The tax receiver or tax commissioner of each county shall also enter the total assessed value of motor vehicle property with the consolidation of all assessed values of taxable property on the digest.
4. (4) The tax receiver or tax commissioner of each county shall also enter the total assessed value of mobile home property with the consolidation of all assessed values of taxable property on the digest.
5. (5) The tax receiver or tax commissioner of each county shall also enter the total assessed value of timber harvested or sold during the calendar year immediately preceding the year of the digest, with the consolidation of all assessed values of taxable property on the digest.
6. (6) The tax receiver or tax commissioner of each county shall also enter the total assessed value of heavy duty equipment property with the consolidation of all assessed values of taxable property on the digest.

Authority: O.C.G.A. Secs. 48-2-7, 48-2-12, 48-5-103, 48-5-108, 48-5-269.

History. Original Rule entitled "Tangible Property Classifications - County Tax Digests" adopted. F. Nov. 8, 1972; eff. Nov. 28, 1972.

Repealed: New Rule entitled "Classification of Tangible Property on County Tax Digests" adopted. F. June 9, 1989; eff. June 29, 1989.

Amended: F. Aug. 4, 1992; eff. Aug. 24, 1992.

Amended: F. Dec. 20, 2006; eff. Jan. 9, 2007.

Amended: F. May 9, 2011; eff. May 29, 2011.