Georgia has current use taxation to promote open space or recreation.
Statute: Ga. Code Ann. § 48-5-7.4. Current use valuation and taxation of bona fide conservation use property and bona fide residential transitional property.
Purpose of Assessment: Tax fairness and environmental concerns. Ga. Code Ann. § 48-5-1.
Method of Assessment: Current use.
Application: Landowner has initial burden to file application along with the required covenant agreement for conservation use qualification. Ga. Code Ann. § 48-5-7.4(j).
Renewal: Automatic until landowner applies for release of current use treatment whenever the property ceases to be eligible for current use assessment or when any ten-year covenant period expires and the property does not qualify for further current use assessment. Ga. Code Ann. § 48-5-7.4(w).
Area Requirements: No minimum acreage requirement. Maximum 2,000 acres. Parcels of land that total less than ten acres will be required by the county tax assessor to submit additional relevant records to prove bona fide conservation use.
Plan Requirements: Bona fide conservation use property is either ,(1) property with the primary purpose of good faith production, including but not limited to subsistence farming or commercial production, from or on the land of agricultural products or timber or, (2) environmentally sensitive property. However, the statute only requires that one-half of the property be used for a bona fide conservation use, and the other half may be used for hunting or fishing and the property will still qualify. Also, landowners must sign a 10-year covenant with the county.