FISCAL YEAR -- FORM OF LIST Return of personal property subject 2025

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Tangible. Tangible personal property refers to any type of property that can generally be moved (i.e., it is not attached to real property or land), touched or felt. These generally include items such as furniture, clothing, jewelry, sunglasses, eyeglasses, art, writings, or household goods.
State and local governments collect personal property taxes on tangible income-producing property, like business computers, office furniture, and fixtures. You typically have to report your property annually, providing both the fair market value and cost of the property.
Personal property generally includes tangible items that are not firmly attached to land or buildings and are not specially designed for or of such a size and bulk to be considered part of the real estate. This includes, for example, merchandise, furniture, machinery, tools, animals and equipment.
Personal property generally refers to any other type of property that a person or estate may own. Personal property can include tangible assets like vehicles, art, jewelry, and collectibles, and it can include intangible assets like bank accounts, brokerage accounts, and retirement plans.
Personal use property is used for personal enjoyment as opposed to business or investment purposes. These may include personally-owned cars, homes, appliances, apparel, food items, and so on.
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Georgia exempts a property owner from paying property tax on: Items of personal property used in the home if not held for sale, rental, or other commercial use. All tools and implements of trade of manual laborers in an amount not to exceed $2,500 in actual value.
Business Personal Property Tax Return For returning personal property of a business: furniture, fixtures, machinery, equipment, inventory, freeport inventory, aircraft, boats and motors, and other personal property.

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