Business Personal Property

What is Business Personal Property?

Business Personal Property assets are any furniture, fixtures, equipment, machinery and inventory used in the normal course of your business. Leased and rented equipment must also be reported, however, these assets are reported separately from the owned assets.

Am I required to report Business Personal Property?

Yes. All businesses located in Dawson County should report Business Personal Property regardless of value.

How do I report Business Personal Property Assets?

Business Personal Property assets must be reported on form PT-50P. The return is available on the downloadable forms page or click here.

What is the deadline for filing the Business Personal Property Return?

Assets owned as of January 1st of each year must be reported on or before April 1st of each year. If you do not receive a return, it is your responsibility to file a return if you are a new business owner or if you have any changes in previously reported assets or inventory.

What if I move, close, or sell my business?

The Dawson County Board of Assessors must be notified in writing. You may mail your notice to Dawson County Board of Tax Assessors, 25 Justice Way, Suite 1201, Dawsonville, GA 30534.

Does everyone have to pay tax on Business Personal Property?

No. If the Fair Market Value of ALL business assets and any boats, motors and aircraft located in Dawson County is $7,500 or less, the assets are exempt from tax.

What exemptions are available to businesses?

If your business has inventory and you are a Georgia Manufacturer or a Distributor that ships products out of the State of Georgia, you may qualify for “Freeport Inventory Exemption.”

A Freeport Inventory Application (PT-50PF) is available on the downloadable forms page or click here.

What happens if I don't file a Business Personal Property Return or if I file late?

For new businesses, an estimated value will be placed on the account along with a 10% penalty for unreported assets. For established businesses, the account may be subject to audit and a 10% penalty will be added to any unreported or late reported assets.

Can I file the Personal Property Return by fax or email?

No. Your return will not be accepted via fax or email.

Does the Personal Property Return have to be postmarked by the United States Post Office?

Yes.

IMPORTANT NOTICE! A metered return will not be accepted as proof of a timely return. Only the USPS cancellation stamp will be considered when determining if a return has been filed on time.

Aircraft Personal Property

What is Aircraft Personal Property ?

Aircraft Personal Property means any contrivance used or designed for navigation through the air.

Am I required to report Aircraft Personal Property Assets?

Yes. Aircraft whose “Primary Home Base” meaning an airport where an aircraft is principally hangered or tied down and out of which its flights normally originate should be reported to Dawson County regardless of value. 

How do I report Aircraft Personal Property?

Aircraft Personal Property Assets must be reported on form PT-50A. The return is available on the downloadable forms page or click here.

What is the deadline for filing the Aircraft Personal Property Return Form?

Assets owned as of January 1st of each year must be reported on or before April 1st of each year. If you do not receive a return, it is your responsibility to obtain and file a return by the deadline to report anything new and/or changes.

What happens if I don't file the Aircraft Personal Property Return or I file it late?

The aircraft will be valued using the best available information and a 10% penalty will be added to all taxable unreported or late reported assets.

Does everyone have to pay tax on Aircraft Personal Property?

No. If the Fair Market Value of your aircraft and ALL business assets and boats or motors located in Dawson County is $7,500 or less, the aircraft is exempt from tax.

Can I file the Aircraft Personal Property Return by fax or email?

No. Your return will not be accepted via fax or email.

Does Aircraft Personal Property Return have to be postmarked by the United States Post Office?

Yes.

IMPORTANT NOTICE! A metered return will not be accepted as proof of a timely return. Only the USPS cancellation stamp will be considered when determining if a return has been filed on time.

Marine Personal Property

What is Marine Personal Property?

“Boats” means every description of watercraft used or capable of being used as a means of transportation on the water, including jet skis and boat motors.

Am I required to report Marine Personal Property Assets?

Yes. Boats shall be returned to the county where the vessel(s) are located 184 days a year or more.

How do I report Marine Personal Property Assets?

Marine Personal Property Assets must be reported on form PT-50M. The return is available on the downloadable forms page or click here.

What is the deadline for filing the Marine Personal Property Return Form?

Assets owned as of January 1st of each year must be returned on or before April 1st of each year. If you do not receive a return, it is your responsibility to obtain and file a return by the deadline to report anything new and/or changes.

What happens if I don't file the Marine Personal Property Return or I file it late?

The marine property will be valued using the best available information and a 10% penalty will be added to all taxable unreported or late reported assets.

Does everyone have to pay tax on Marine Personal Property?

No. If the Fair Market Value of your marine assets and ALL business assets and aircraft located in Dawson County is $7,500 or less, the marine property is exempt from tax.

Can I file the Marine Personal Property Return by fax or email?

No. Your return will not be accepted via fax or email.

Does Marine Personal Property Return have to be postmarked by the United States Post Office?

Yes.

IMPORTANT NOTICE! A metered return will not be accepted as proof of a timely return. Only the USPS cancellation stamp will be considered when determining if a return has been filed on time.

Freeport Inventory Exemption

What is the Freeport Inventory Exemption?

If your business has inventory and you are a Georgia Manufacturer of a Distributor that ships products out of the State of Georgia, you may qualify for “Freeport Inventory Exemption.” Application for Freeport Inventory Exemption must be reported on form PT-50PF. The return is available on the downloadable forms page.

Dawson County does not have a provision for level ‘1’ Stock in Trade of a Fulfillment Center Freeport Exemption or a level ‘2’ Freeport Exemption.

What is the deadline for filing the Application for Freeport Exemption?

The Freeport filing date for 100% exemption is January 1 through April 1. The exemption amounts for late filed applications and supporting documentation are as follows:

  • April 2-April 30 will receive 66.67% of full exemption
  • May 1 – May 31 will receive 58.33% of the full exemption
  • June 1 – Will receive 50% of the full exemption
  • June 2 or later shall constitute a waiver of the entire exemption for the current tax year. Reference OCGA 48-5-48.1

Is a Freeport Application required each year?

Yes. An exemption granted in one year does not carry forward to subsequent years. Failure to provide the following documentation at the time of filing, or before the deadline, shall constitute a waiver of Freeport Exemption for the current year:

  • Inventory verification for 12/31 (balance sheet, trial balance, general ledger, etc.)
  • Distributors also must provide sales documentation for prior calendar year detailing total sales made from Dawson County location and either, sales made inside Georgia, or sales made outside Georgia.

Can I file the Application for Freeport Exemption form by fax or email?

No. Your application will not be accepted via fax or email.