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Official Code of Georgia Annotated

Title 48. REVENUE AND TAXATION · Chapter 5. AD VALOREM TAXATION OF PROPERTY · Article 13. AD VALOREM TAXATION OF QUALIFIED TIMBERLAND PROPERTY

48-5-601. Determination of fair market value; access to property; delivery to county tax officials.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

    Qualified timberland property shall be returned to the commissioner between January 1 and April 1 each year.#

  2. (b)

    The fair market value of qualified timberland property shall be determined through an annual appraisal conducted by the commissioner in accordance with the qualified timberland property appraisal manual provided for in Code Section 48-5-602.#

  3. (c)

    The commissioner shall have access to qualified timberland property for the purpose of conducting appraisals, provided that prior notice has been given to the qualified owner of such property.#

  4. (d)

    The commissioner shall ensure that the appraisal values of qualified timberland property are delivered to county tax officials by July 1 of each year.#

  5. (e)

    Notwithstanding anything in this chapter to the contrary, pursuant to Article VII, Section I, Paragraph III(f.1) of the Constitution, the value of qualified timberland property shall be at least 175 percent of such property’s forest land conservation value determined pursuant to this chapter.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 48-5-601, enacted by Ga. L. 2018, p. 119, § 5/HB 85.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t48-ch1-6-(v36)-2024-pdf.pdf, Volume V36, 2024 edition, pages 876 to 877; merge action: carried; file SHA-256 bb15f8d0d693.