Business Personal property
Business personal property reports should be filed in the Assessors Office by April 1 of each year. The office is located in the White County Court House, 59 South Main Street , Suite E, Cleveland , GA 30528 . Open hours are Monday through Friday, 8:30 a.m. until 5:00 p.m. Call (706) 865-5328 for more information.Business personal property includes the machinery and equipment of a business, its inventory, supplies, fixtures, and any other business assets which a business may own. The fair market value of personal property has a somewhat different definition when compared to real estate. Georgia law states, “With respect to the valuation of equipment, machinery, and fixtures, fair market value may be determined by resorting to any reasonable, relevant, and useful information available including, but not limited to, the original cost of the property, and any depreciation or obsolescence, and any increase in value by reason of inflation. Each tax assessor shall have access to any public records of the taxpayer for the purpose of discovering such information.” The law further states, “In determining the fair market value of a going business where its continued operation is reasonably anticipated, the tax assessors may value the equipment, machinery, and fixtures which are the property of the business as a whole where appropriate to reflect the accurate fair market value.”