Fillable Form Pt-50a - Aircraft Personal Property Tax Return (Page 3 of 5) in pdf

INSTRUCTIONS

INSTRUCTIONS FOR PAGE ONE – AIRCRAFT PERSONAL PROPERTY TAX RETURN

1. Aircraft shall be returned to the county where principally hangered or tied down and out of which its flights normally

originate.

2. The return is considered public information and will be open for public inspection.

If taxpayer name or address is incorrect, please correct in the space provided.

4. To avoid a 10% penalty, on aircraft not previously returned, this return must be filed no later than date listed under

the due date column on page one.

5. This tax return is provided for the taxpayer to report the fair market value of all aircraft owned on January 1, this year.

6. The fair market value should be listed under the column headed taxpayer return value as of January 1, this year,

page 1.

7. Taxpayer declaration: This declaration must be signed by the owner or agent and dated in order for this to be a valid

return.

INSTRUCTIONS FOR PAGE THREE - SCHEDULE E (AIRCRAFT)

1. This schedule is considered confidential information and not open to public inspection O.C.G.A. § 48-5-314. Returns

are public information.

2. All information about the aircraft should be listed in order for the Board of Assessors to determine the proper

assessment.

3. If the aircraft has been sold or traded and you did not own it on January 1, this year, please list the name and

address of new owner in order for the items to be removed from your account.

4. Listing anything that is functionally wrong with your aircraft on the bottom of page three. This will help the Board of

Assessors make a proper assessment.

5. Additional aircraft may be listed on the back of Schedule E. Attach additional sheets if necessary.

6. Avionics and extra equipment should be listed under the column headed avionics and extra equipment.

REFERENCE INFORMATION

1. O.C.G.A. § 48-5-299 requires the Board of Tax Assessors to diligently investigate and inquire into the property

owned in the county for the purpose of ascertaining what property, real and personal, is subject to taxation in the

county and to require its proper return for taxation.

2. O.C.G.A. § 48-5-300 grants the Board of Tax Assessors authority to require production of books, papers or documents,

by subpoena if necessary, which may aid in determining the proper assessment.

3. O.C.G.A. § 48-5-269 grants the State Revenue Commissioner the authority to prescribe, the forms, books and

records to be used for standard property tax reporting for all taxing units, including but not limited to, the forms,

books and records to be used in the listing, appraisal and assessment of property and how the forms, books and

records shall be compiled and kept.

4. O.C.G.A. § 48-5-269.1 grants the State Revenue Commissioner the authority to adopt and require the use of a

uniform procedural manual for appraising tangible real and personal property.

5. This return and schedule is submitted to you for your completion in accordance with the above sections of the

Georgia Code.

PAGE 2

Form Pt-50a - Aircraft Personal Property Tax Return Page 3