Amended Sub House Bill 66, effective July 1, 2005, lowered the listing percentage for tangible personal property to 12.5% in 2007. In 2008 the percentage was 6.25%; in 2009 it is 0%. Also, any manufacturing machinery and equipment first put into use on or after January 1, 2005 is exempt from the tangible personal property tax.
New and existing businesses no longer need to file annually with the Paulding County Auditor for their Personal Property. However, the Auditor is still receiving corrections for Accounts which should have filed in prior years. Delinquent Accounts will continue to be assessed with penalties/interest, and will continue being billed for taxes owed.
The State is still processing Inter-County Telecommunications Accounts and sending these to the County Auditor for billing purposes. These will continue for 2009 and 2010. After 2010 there will only be corrections from audits and continued assessment of penalties/interest on unpaid delinquent accounts which will continue being billed for taxes owed.