This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Personal Property Business Form Withholding In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
All real property and all personal property are taxable unless the property has been exempted by law. (O.C.G.A.
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.
• All businesses are required by law to file the Business Personal Property. • Tax Return (PT-50P) to the Tax Assessor's Office by April 1st of each year. • Personal property includes machinery, equipment, furniture, fixtures, inventory, supplies, and construction in progress.
The Fulton County effective property tax rate is 1.16%.
Business Personal Property Tax is a tax assessed on tangible personal property businesses own. This type of property includes equipment, furniture, computers, machinery, and inventory, among other items not permanently attached to a building or land.
Personal property is subject to taxation just as real property.
If you own a business - furniture, fixtures, equipment, inventory, and supplies are considered personal property. Ownership of personal property is established as of January 1 each year. A property tax return must be filed with the Tax Assessor's Office annually, prior to April 1. Tax returns are mailed out in January.
More info
• 2025 Business Personal Property Return. Your county may have a website to download real and personal property tax forms.Property tax forms should be returned to your county tax officials. Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address. All returns should also include a completed Form 104. Search For a Tax Bill - This feature allows you to search for a tax bill or bills using a complete or partial parcel ID, account number, or physical address. INSTRUCTIONS FOR PAGE ONE - BUSINESS PERSONAL PROPERTY TAX RETURN. 1. The information requested in the general information section is very important. You may now pay your property tax bill at any Fulton Bank branch location throughout Lancaster County.
