Georgia (Summary)
Tax Type: Current Use and Severance Tax
Description: Conservation use property is assessed at 40% of current use value.v
Law: O.C.G.A. Section 48-5-7.4
Objective: This favorable tax treatment is designed to protect these property owners from being pressured by the property tax burden to convert their land from agricultural use to residential or commercial use.
Forest Tax Program Requirements
Min/Max Acreage: Maximum 2,000 acres, parcels of land that total less than ten acres will be required by the county tax assessor to submit additional relevant records to prove bona fide conservation use.
Min. Stocking Growth: N/Av
Forest Management Plan: N/A
Evidence of Use: N/A
Duration of Enrollment: 10 years
Penalties for Use Change: Landowners must pay back to the taxing authorities twice the savings they have received over the life of the covenant up to the point it was breached.
Program Administration
State: Georgia Property Tax Division determine values of conservation use property.
County Tax Assessor and Commissioner: Landowner must file application with County Board of Tax Assessors.
University: N/A
Landowner: N/A
For a more in depth discussion of Georgia property taxes click here!