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  #1  
Old 04-22-2007, 05:47 PM
Build9A's Avatar
Build9A Build9A is offline
 
Join Date: Jan 2005
Location: Shellmans Bluff, GA
Posts: 517
Default Taxing issue

I just moved to coastal Georgia, Eagle Neck Airpark. I moved from central Florida (cause Florida is full) and was wondering if anyone out there knows how Georgia taxes your aircraft. In Florida it was a one time sales tax. I think I heard that here in Georgia it's part of your annual property tax assessment. I could be wrong. Thanks for any insight you might have on the subject. Jack
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  #2  
Old 05-10-2007, 10:27 PM
KnotKrazy KnotKrazy is offline
 
Join Date: Apr 2005
Location: Newnan, GA
Posts: 54
Default Yep, it' annual...

Jack,

Georgia calls it an 'ad valorem' tax; based on the value of the item. It applies to cars, planes, boats, etc. Nothing more than a hidden 'luxury tax' to support the constantly-broke, politically corrupt capital city called Atlanta. Sorry to sound bitter, I've been here 44 years and it's only gone downhill.

It will be assessed annually, you'll get a bill around February. On the flip side, you can listen to Neal Boortz on AM750 talk about the Fair Tax Reform!

Marty
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  #3  
Old 05-11-2007, 05:15 AM
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pierre smith pierre smith is offline
 
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Location: Louisville, Ga
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Default Delaware corp?

Hi Jack,
I'm presently looking at changing my business (A Georgia corporation) to a Delaware corp. It's in the early stages, but many individuals I know have their airplanes registered to a Delaware corp and claim to avoid the property tax. Check it for yourself.

BTW, Jenny and I will be at 1GA0 at 11:00 a.m. today (Friday).

Pierre
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  #4  
Old 05-14-2007, 05:15 AM
jmbaute jmbaute is offline
 
Join Date: Feb 2005
Location: Blacksburg, VA
Posts: 149
Default

Delaware corp doesn't help. You still get charged a "use tax", at least I do from Gwinnett county. Not sure if state taxes are rolled into that? I've never gotten a bill from the state (did I say that in public?)

PM for other questions about Delaware corps.

Consult your tax professional. Good luck!
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