Cost should include installation, trade-in allowances, sales tax, investment credits, transportation, etc. 3. We recommend you purchase home insurance coverage equal to your home's estimated replacement cost.First get an estimate of the replacement cost of your home. Replacement Cost on Personal Property GA. Replacement Cost on Personal Property, Form HO 06 36. Replacement cost insurance works more simply than actual cash value coverage. Georgia law requires that all real estate and tangible personal property be assessed annually at its fair market value. And they must still file for homestead exemption and personal property exemption. This means the Assessors office must maintain a value on your property that we feel you can sell your property. How to create a General Bill of Sale? What type of report do I complete?