Railroad Equipment Car Companies Airlines
The chief executive officer of each public utility is required to make an annual
return to the Revenue Commissioner on or before March 1 for the current January
1 preceding on all property located in this State. The assessment of all properties
owned by public utility companies and airline companies are proposed by the State
Board of Equalization and then assessed by each county's board of tax assessors.
The assessment of railroad equipment companies are determined by the State Board
of Equalization. The taxes are collected by the Revenue Commissioner and distributed
to various counties.
Commissioner Report to the County Board of Tax Assessors
At least once a year the Revenue Commissioner makes a report to the county board
of tax assessors in each county of the public utility property located in each county.
This report is a distribution as determined by the Revenue Commissioner based upon:
The location of the various classes of property;
The gross or net investment in the property;
Any other factor reflecting the public utility's investment in property;
Significant business factors that reflect how the property is used;
Pertinent mileage factors; and
Any other factors which in the Revenue Commissioner's judgment are reasonably calculated
to distribute fairly and equitably the property between the various tax jurisdictions.
Railroad Equipment Car Companies
Each railroad equipment car company whose railroad equipment cars travel in this
State is required to make a property tax return of the value of all cars of the
company to the Revenue Commissioner on or before March 1 in each year for the activity
in the State during the preceding calendar year. The tax collected by the State
is based on the proportion of the value of the cars that the car-wheel miles traveled
in the State bear to the total car-wheel miles traveled everywhere and a weighted
average of the effective tax rates in all jurisdictions within the State having
miles of railroad track.
Each airline company doing business in this State is required to make an annual
property tax return of the value of each type and model of flight equipment to the
Revenue Commissioner on or before March 1 in each year for the preceding calendar
year. The distribution to each tax jurisdiction is based as closely as possible
upon plane hours.
O.C.G.A. 48-5-510. - 48-5-546.
Public Utility Returns
Public Utility Digests
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