What You Should Know About the Fulton County Tax Rate

Posted by Jill Noelle Olandria on Jun 5, 2015 11:30:00 AM

Owners of real property in Fulton County have the responsibility of paying their property taxes in the right amount, at the right time, and to the right authorities. Their knowledge about the Fulton County tax rate is important in this regard considering that it is a factor used in the computation of the total tax bill.

Appeal within 45 Days of Tax Assessment

According to current rates, Fulton County property owners pay one of the highest median property taxes in the State of Georgia and in the United States. This is obviously a thorn in the side of property owners but, fortunately, you have the opportunity to appeal your tax assessment to the proper authorities.

Keep in mind that you should appeal your tax assessment within 45 days from the date of the annual notice of assessment. Your property’s appraised and assessed values will be reconsidered by the assessors for the possibility of their reduction and, thus, for the reduction of your tax amount.

You cannot appeal your tax bill once it arrives in the same way that you have no chance of appealing the Fulton County tax rate in your tax district. Start reducing your property taxes by appealing your tax assessment, not when the tax bill has come your way.

Fulton_County_tax_rate

Average Rate in the County

It has been reported that Fulton County property owners pay $2,733 annually for a residential property with a $253,100 median value. The county collects 1.08 percent, on average, on a property’s assessed fair market value in property tax. However, a spot check of current tax rates shows that the unincorporated tax rate in Fulton County is approximately 1.3% and the combined Fulton County and City of Atlanta tax is 1.57%.

The tax rate may appear insignificant in the general scheme of things but when comparisons are made between counties in the State of Georgia, the Fulton County tax rate and consequent tax bill are one of the highest median rates and bills in the United States. In the country, to be more specific, the Fulton County ranked 220th out of the 3,143 counties in terms of median property taxes.

And then there’s the ratio between the property taxes paid and the yearly income among property owners in Fulton County. Nowadays, Fulton County property owners pay 3.12 percent of their annual income for property taxes.

Why do we say that the Fulton County tax rate on property is one of the highest in the State of Georgia? In contrast, for example, Warren County property owners pay an average of 0.51 percent (i.e., amounting to just $314) in annual property taxes in relation to their median home values. Warren County, in fact, has the lowest property taxes in the state.

With such relatively high tax rate, you should take all legal measures to reduce your payable taxes. Think of it as contributing your part to building the County economy via payment of taxes while also looking out for your financial health. You should contact Fair Assessments for professional assistance in filing your tax assessment appeal from researching fair market values and preparing for counterarguments against the appraisers.

While the Fulton County tax rate may remain the same, your tax bill will be reduced when you have successfully appealed your tax assessment. Start on it now!

property tax appeals

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