APPEALING YOUR PROPERTY TAX BILL....

By
Real Estate Agent with Berkshire Hathaway GA Prop

A House as Seen By....

SELLER.....

   

BUYER....

 

LENDER...

APPRAISER...

YOUR COUNTY TAX ASSESSOR...

 

 

 

Over the past 12 to 24 months, many home owners have experienced a substantial loss of equity in their homes.  It is unlikely the tax assessors will have the time needed to re-assess all the properties; and, as such the responsiblity will fall into the lap of  each home owner. So if you do not act quickly you may loose the opportunity all together.  In Georgia, all real property is assessed an ad volorem property tax and each county Tax Commissioner is responsible for collecting the taxes.  Additionally,  under Georgia law, tax payers are required to file a tax return for all taxable property owned on January 1 of each year by the designated dead line (see below).

COUNTIES WITH
MARCH 1
DEAD LINE

  • DeKalb
  • Gwinnett




COUNTIES WITH
 APRIL 1
 DEAD LINE

  • Clayton
  • Cobb
  • Fulton
  • Forsyth
  • Henry
  • Paulding


If you disagree with your previous year's value, you should file a return.  As an example: If your home is being assessed in 2008 at $300,000; but due to current market conditions the sales price on houses in your neighborhood may indicate your current market value is only $250,000.  You must file the appeal by the dead line or you will loose all rights to the appeal later in the year.  Also keep in mind, your appeal does not guarantee it will be accepted by the Board of Equalization (BOA). If the appeal is denied you will receive a denial letter in the mail.

As of February 20, 2009:

Property Tax Assessment Moratorium Bill Passes House

After HR 1 failed to reach the necessary 2/3 majority to pass a constitutional amendment, House leadership went to plan “B.” HB 233 passed the House last week and if approved by the Senate would place a two year moratorium on the increase of property tax assessments between January 2009 and January 2011. If a property is sold within the two year period, the property shall continue to be valued at the most recent value before sale. If additions or improvements are made to the property or if the property is rezoned at the request of the owner it shall be revalued at fair market value. Provisions of this bill will not apply to cities or counties which have previously adopted property tax assessment caps, unless the local ordinance is repealed. HB 233 has been assigned to the Senate Finance Committee and as a Realtor looking our for you,  please bookmark this website for any updates. 

If the Property Tax Assessment Moratorium Bill is passed by the Senate we may see a moratorium on property tax assessments.  For counties who have an April dead line for appealing your tax bill, you will want to watch for updates.  (Source: NAR)

 

 
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Janice Slaven

Suwanee Georgia Real Estate
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