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Vicki Lambert
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Suite 701
Atlanta GA 30349
Phone: 404-724-7000
Fax: 404-724-7011
Email: local.government.services@dor.ga.gov
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Frequently Asked Questions
About Personal Property in Georgia

1. What are the composite conversions factors for personal property? 

2. We are a government agency and lease a copier from a vendor.  The vendor has sent us a bill for the property tax on the copier.  Are we exempt from this tax?

3. Who do I contact about my motor vehicle valuation or about my tag and title transfer?

1. What are the composite conversions factors for personal property? 

A composite conversion factor is applied to the original cost new of personal property to arrive at the basic cost approach value.  For Group I (assets that have a typical economic life between five and seven years):  Y1-.87, Y2-.74, Y3-.58, Y4-.43, Y5-.32, Y6-.26, Y7-.21. Thereafter the residual composite conversion factor shall be .20.  For Group II (assets that have a typical economic life between eight and twelve years):  Y1-.92, Y2-.85, Y3-.78, Y4-.70, Y5-.63, Y6-.54, Y7-.44, Y8-.34, Y9-.28, Y10-.25, Y11-.25. Thereafter the residual composite conversion factor shall be .20.  For Group III (assets that have a typical economic life of thirteen years or more):  Y1-.95, Y2-.91, Y3-.87, Y4-.82, Y5-.79, Y6-.75, Y7-.70, Y8-.63, Y9-.57, Y10-.52, Y11-.47, Y12-.41, Y13-.35, Y14-.31, Y15-.29, Y16-.28. Thereafter the residual composite conversion factor shall be .20.  For Group IV (assets that have a typical economic life of four years or less):  Y1-.67, Y2-.54, Y3-.31. Thereafter the residual composite conversion factor shall be .10.  For additional information see Rule 560-11-10-.08 Personal Property Appraisal .
 
2. We are a government agency and lease a copier from a vendor.  The vendor has sent us a bill for the property tax on the copier.  Are we exempt from this tax?


It is normal for leasing companies to include in their lease contracts a provision for the lessee to pay all applicable taxes. However, this does not supersede the requirement in Georgia law for the owner of the property to return and pay taxes on property. So, unless the property is owned by a public entity it is taxable.

While a public entity may be exempt from taxation, the owner of the property is not. If a public entity has contractually obligated itself, via a lease agreement, to reimburse the owner of the property for any and all taxes this does not change the taxable status of the property.
 
3. Who do I contact about my motor vehicle valuation or about my tag and title transfer?


For questions about motor vehicles valuations contact Greg.Elton@dor.ga.gov of the Motor Vehicle Division or visit the Motor Vehicle Ad Valorem Tax web page.   

For questions about your tag and title transfers see the Motor Vehicle Division website. But most questions about your motor vehicle tag, title, tax and registration can be answered at your local Tax Commissioner's office.
 
Unless otherwise indicated, for additional information on the questions and answers presented on this page, please contact Local.Government.Services@dor.ga.gov

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