Quick Answer
Georgia's agricultural exemptions are available to property owners who have a certain amount of land and income from agricultural activities. To be eligible, residents must have at least 10 acres of land and derive at least 50% of their income from agricultural activities. Exemptions are also available for property used for certain types of farming, such as aquaculture or livestock production.
Eligible Agricultural Activities
Eligible agricultural activities in Georgia include but are not limited to, farming, raising livestock, aquaculture, and horticultural activities. To qualify for these exemptions, residents must demonstrate that 50% or more of their income is generated from these activities. Examples of eligible agricultural activities include growing fruits and vegetables, raising poultry or cattle, and operating a nursery or greenhouse.
Exemption Requirements and Benefits
To qualify for the exemption, property owners must file a Form 4506 with the Georgia Department of Revenue. This form must be completed annually and submitted by the end of the tax year. The exemption is available for all ad valorem taxes on the property, including county, municipal, and school district taxes. By qualifying for the exemption, property owners can save thousands of dollars in taxes each year, which can be a significant benefit for those operating a small farm or ranch.
Documentation and Record Keeping
To maintain their exemption, property owners must keep accurate records of their income and expenses related to agricultural activities. This may include financial statements, invoices, and receipts for inputs such as seeds, fertilizers, and equipment. Property owners must also maintain records of their land use, including maps and photographs of the property. These records will be required if there is an audit or dispute regarding the exemption.
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