The governing authority of any county or municipality may elect, with the approval of the voters, to exempt the following types of tangible personal property:
• Inventory of goods in the process of being manufactured or produced including raw materials and partly finished goods;
• Inventory of finished goods manufactured or produced within this State held by the manufacturer or producer for a period not to exceed 12 months;
• Inventory of finished goods on January 1 that are stored in a warehouse, dock, or wharf which are destined for shipment outside this State for a period not to exceed 12 months
The percentage of exemption for Forsyth County is 100 percent of the inventory value.
Application for freeport exemption should be made with the Board of Tax Assessors on or before April 1 of each year. Applications filed after that time can receive a partial exemption for that year up to June 1.
For further information: