Title 48, Chapter 5, Section 42.1
( 48-5-42.1)
(a) It is the intent of this Code section to exempt from the payment
of ad valorem taxation certain tangible personal property on which
the tax due does not exceed the reasonable cost of administering and
collecting the tax. (b) All tangible personal property of a taxpayer, except motor
vehicles, trailers, and mobile homes, shall be exempt from all ad
valorem taxation if the actual fair market value of the total amount
of taxable tangible personal property owned by the taxpayer within
the county, as determined by the board of tax assessors, does not
exceed $500.00. | 
