Definitions of Property Codes
The consolidation sheets have a section for each use classification of property.
These sections refer to the established classes set out in the Department's Rules and Regulations:
- R - Residential
Classification of all land utilized, or best suited to be utilized as a single family
homesite, the residential improvements and other non-residential homesite improvements
thereon. Duplexes and triplexes are also classified as residential use.
- Residential Transitional
Classification of land and improvements located in areas that are changing from
residential to business use and thus experiencing unusually high value growth. Owners
of this type property may enter into a ten-year covenant and receive a reduced assessment
based on the current residential use rather than the prospective business use. No
more than five acres under the taxpayer's home can be put into a residential transitional
covenant. There are substantial penalties for selling the homesite for commercial
development before the expiration of the ten-year covenant.
- A - Agricultural
Classification of all real and personal property utilized, or best suited to be
utilized, as a farm unit. Includes the single family homesite which is an integral
part of the farm unit, the farm family residence, the non-residential homesite improvements,
the non-homesite farm land and the production and storage improvements (barns, silos,
etc.). This use classification also includes the personal property owned and used
on the farm unit (tractors, livestock, grain, etc.) and the non-farm use personal
property (boats, 4-wheelers, etc.) of the family residing in the farm home.
For information on conservation use assessment of agricultural land click here.
Classification of covenanted agricultural properties. By entering into a ten-year
covenant and devoting the property to an agricultural use, the owners may receive
a 25% preferential assessment discount on land and improvements put into this program.
- Conservation Use
Classification of covenanted agricultural properties. Similar to Preferential, owners
of agricultural land and improvements may elect to enter into the
conservation use program and have their property valued based on its current
use as farmland rather than its prospective use as residential or commercial land.
The owner must enter into a ten year covenant and will have their land valued according
to a table developed by the State. There are substantial penalties for selling the
land for residential or commercial development before the expiration of the ten-year
- B - Brownfield Property
- Classifies all land
and improvements receiving preferential assessment under O.C.G.A. Section 48-5-7.6
due to its release of hazardous waste, constituents, and substances into the environment.
- W - Environmentally Sensitive
Classification of environmentally sensitive lands, such as wildlife refuges, wetlands,
mountain ridges, etc., under a ten-year covenant. Owners have the opportunity to
have the land valued according to the table of
conservation use values developed by the state for agricultural properties.
The owners of this property do not have to devote the land to an agricultural use,
however, they may not use it in a way that is destructive to the property or has
an adverse environmental affect.
- C - Commercial
Classification of all real and personal property utilized as a business unit the
primary nature of which is the exchange of goods and services at either the wholesale
or retail level. Also includes multi-family dwelling units having four or more units.
Up to two acres of land and improvements may receive a reduced preferential assessment
if it is a landmark or is historic in nature and has been rehabilitated by the owner.
This is the classification for the properties where the owners have been granted
this preferential assessment.
- I - Industrial
Classification of all real and personal property utilized as a business unit the
primary nature of which is the manufacture or processing of goods destined for wholesale
or retail sale.
- U - Utility
Classification of the property of companies which are required to file an ad valorem
tax return with the Revenue Commissioner; includes all the real and personal property
of railroad companies, railroad equipment car companies, public utility companies
and the flight equipment of airlines companies.
- E - Exempt Property
of property totally exempted from ad valorem taxation. This includes non-profit
homes for the aged, public property, places of religious worship, property used
for charitable purposes, places of religious burial, charity hospitals, educational
- S - State Exemptions
Classification of partial property exemptions such as homestead exemptions, disabled
veterans, Freeport, covenanted agricultural property, personal property less than
$7,500, residential transitional property, conservation use property, etc.
- Classification of partial property exemptions such
as homestead exemptions that are local to the county and not applied statewide.
Code, Count, Acres, and Assessed Value
Each classification for taxable property has a column for
Code, Count, Acres, and Assessed Value.
Code - A two digit reference to show the use class of property
and the real or personal property strata, e.g., R1 (R to show Residential Property
and 1 to show real property improvements).Count-
A tally indicating the number of times this code is found in the district being
summarized on the consolidation sheet. Example: If a taxpayer had two improvements
on the same property, this would be considered to be two R1 counts.
Acres - The total acres for each code. Only those codes used to designate
land will have an entry for "acres".Assessed Value
- The total 40% (in most instances) assessed value associated with a particular
code. Timber is assessed at 100%. Some cities assess at levels higher that 40%.
Strata for Real Property
- 1 - Improvements
Includes all in-ground and above-ground improvements that have been made to the
land including leasehold improvements. A leasehold improvement is an improvement
made to property being leased from another, for example, the mall leases an empty
space to a firm that then adds permanent fixtures, lighting, shelving, counters,
facades, etc., giving the space the look and feel of the store they want to open.
- Operating Utility
Includes all real and personal property of a public utility, tangible and intangible,
utilized in the conduct of usual and ordinary business.
- 3 - Lots
Includes all land, usually no more than 5 acres, where the market indicates the
site is sold on a front footage or buildable basis rather than by acreage.
- Small Tracts
Includes all land, usually over 5 acres up to 25 acres, which is normally described
and appraised in terms of small acreage, which is of such size as to favor multiple
- 5 - Large Tracts
Includes all land, usually over 25 acres, which is normally described and appraised
in terms of large acreage, which is of such size as to limit multiple uses, e.g.,
cultivatable lands, pasture lands, timber lands, open lands, wastelands and wild
- 6 - Production/Storage/Auxiliary
Includes those improvements to land which are utilized by a farm unit for the storage
or processing of agricultural products, e.g., barns and silos.
- 9 - Other
Includes leasehold interests, mineral rights, and all real property not otherwise
defined. A leasehold interest is a property interest a person leasing property from
another has when the lease payments are below the typical market rates paid for
similar properties by others.
Strata for Personal Property
- A - Aircraft
Includes all airplanes, rotorcraft and lighter-than-air vehicles; including airline
flight equipment required to be returned to the Revenue Commissioner.
Includes all craft that are operated in and upon water. Includes the motors, but
not the land transport vehicles (boat trailers).
- I - Inventory
Includes all raw materials, goods in process and finished goods. Also includes livestock
and products of the land, water and air, all consumable supplies used in the process
of manufacturing, distributing, storing or merchandising of goods and services.
- Freeport Inventory
Includes all inventory receiving Freeport exemption. Freeport exemption is an incentive
program most Georgia counties offer manufacturing and warehousing companies wherein
their raw materials, goods in the process of manufacturer and finished goods are
exempt from taxation for a specified time period.
- F - Furniture/Fixtures/Machinery/Equipment
Includes all fixtures, furniture, office equipment, computer software and hardware,
production machinery, off-road vehicles, equipment, farm tools and implements, and
tools and implements of trade of manual laborers.
- Z - Other Personal
Includes all other personal property not otherwise defined.
Back to LGS Home