§ 12.10.020. Exemptions.  


Latest version.
  • A.

    Individual personal property utilized solely and exclusively for personal, non-business uses or purposes, not including mobile homes, is exempt from taxation under this chapter.

    B.

    The first $20,000.00 of assessed valuation of business personal property owned by each taxpayer shall be exempt from municipal property taxation.

    1.

    For a taxpayer with more than one business personal property tax account, the $20,000.00 exemption shall be distributed pro rata among all of the taxpayer accounts, based on the proportion of the assessed value in each account to the total assessed value of that taxpayer's business personal property.

(GAAB 10.05.030; AO No. 81-218(S); AO No. 85-182, 1-1-86; AO No. 86-211(S-1); AO No. 94-74(S-1), § 2, 1-1-95; AO No. 94-97(S), § 2, 1-1-95; AO No. 94-211, § 3, 1-1-95; AO No. 94-219, § 1, 1-1-95; AO No. 97-128, § 1, 10-21-97; AO No. 2004-140, § 2, 10-26-04)