---
title: O.C.G.A. § 48-5-42.1. Exemption for personal property with value not exceeding $20,000.00.
collection: code
id: 48-5-42.1
cite_as: O.C.G.A. § 48-5-42.1 (2025)
canonical_url: https://georgiacommons.org/code/48-5-42.1
md_url: https://georgiacommons.org/code/48-5-42.1.md
text_url: https://georgiacommons.org/code/48-5-42.1/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t48-ch1-6-(v36)-pdf.pdf?sfvrsn=3fc8d300_0#page=99
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: REVENUE AND TAXATION / AD VALOREM TAXATION OF PROPERTY / PROPERTY TAX EXEMPTIONS AND DEFERRAL / TAX EXEMPTIONS
extraction_warnings:
  - bound_version_dropped:For effective date, see note.
---

# O.C.G.A. § 48-5-42.1. Exemption for personal property with value not exceeding $20,000.00.

(a) It is the intent of this Code section to exempt from the payment of ad valorem taxation certain tangible personal property on which the tax due does not exceed the reasonable cost of administering and collecting the tax.

(b) All tangible personal property of a taxpayer, except motor vehicles, trailers, and mobile homes, shall be exempt from all ad valorem taxation if the actual fair market value of the total amount of taxable tangible personal property owned by the taxpayer within the county, as determined by the board of tax assessors, does not exceed $20,000.00.

## History

Code 1981, § 48-5-42.1, enacted by Ga. L. 1986, p. 878, § 1; Ga. L. 1988, p. 13, § 48; Ga. L. 2001, p. 1218, § 1; Ga. L. 2024, p. 696, § 1/HB 808, effective January 1, 2025.

## Editor's Notes

Ga. L. 2024, p. 696, § 2/HB 808, provides: “In accordance with the requirements of Article VII, Section II, Paragraph II(a)(1) of the Constitution of the State of Georgia, this Act shall not become law unless it receives the requisite two-thirds’ majority vote in both the Senate and the House of Representatives.” The requisite vote was received in both the Senate and the House of Representatives.

Ga. L. 2024, p. 20, § 4-1/HB 581, not codified by the General Assembly, provides that the 2024 amendments to this Code section become effective on January 1, 2025, upon the ratification of a resolution at the November, 2024, state-wide general election that amends the Constitution so as to authorize the General Assembly to provide by general law for a state-wide homestead exemption but that permits political subdivisions to individually opt out. If such a resolution is not so ratified, then the amendments to this Code section shall not become effective and shall stand repealed on January 1, 2025. The constitutional amendment proposed in Ga. L. 2024, p. 1191, was approved by a majority of the qualified voters voting at the general election held on November 5, 2024.

## Amendments

The 2024 amendment, effective January 1, 2025, substituted “$20,000.00” for “$7,500.00” at the end of subsection (b).