As a taxpayer, you have the right to file your Hall County tax appeal in case your property’s assessed value is too high, too low, or just right. But before filing your appeal, you must consider the impact of your decision on the county and its coffers including its ability to provide basic services to its constituents.Read More
Fair Assessments Now!
Aside from taking measures to reduce the appraised value or appealing the assessed value of your property, you can also enjoy substantial Gwinnett County property tax reduction via tax exemptions. At present, residents of Gwinnett County can choose from 14 property tax exemptions including regular homestead, disabled veteran, and senior citizens exemptions.Read More
Your choice of a Fulton County property appraiser can mean the difference between winning and losing your property tax appeal. You should ask smart questions that will separate the wheat from the chaff of property appraisers that can apply current methodologies in getting more accurate property assessments.Read More
Understandably, responsible American taxpayers want to reduce their tax payments without committing tax fraud, evasion and other related crimes. This is true even in the case of favorable Hall County tax rate on real property since the lower your taxes, the better for your savings fund.Read More
The Gwinnett County tax appeal process will require time, energy and effort as well as expertise in property taxes. Taxpayers who have undergone the process strongly recommend to their fellow taxpayers who plan to file their own assessment appeals to hire an experienced tax advisor. But it also pays to know the following two facts about the tax appeals process.Read More
Every property owner who wants to file a property assessment appeal is well-advised to hire the best Gwinnett County tax advisors that his/her money can afford. The appeal process will require comprehensive knowledge and skills about property tax rules and regulations as well as demand time, energy and effort, all of which you may not possess. You will appreciate the competent knowledge and skills of the tax advisors regardless of the type of property that you want to be subjected to the appeals process.Read More
The best Hall County tax advisors are providers of turnkey services essential in effective and efficient management of annual property taxes. These tax professionals will not only provide competent representation during the appeals process but will also provide a wide range of consultation services regarding taxation for residential, commercial, and agricultural property.Read More
The Tax Commissioner sets the Fulton County property tax based on several factors. These include the appraised value, assessed value (i.e., 40% of the appraised value), and exemption status of the property, as provided by the Board of Tax Assessors, as well as the millage rates provided by the Board of Commissioners.Read More
Many property owners will have complaints or concerns about their Fulton County tax assessment notices particularly in terms unreasonable assessments. While appeals can be filed against the assessment, property owners are well-advised to look into homestead exemptions first. Once approved, these exemptions will reduce the property tax payable without the usual hassles involved in the appeals process.Read More
It also pays to have basic information about a tax assessment freeze and property tax appeals particularly the temporary billing value in case of an appeal.
Tax Freeze Basics
With home values on the rise, you will want to reduce your property tax liability. You can consider filing for a tax assessment freeze on your real property’s assessed value. You are making a smart move in this case when you have already applied for your homestead exemption and your property taxes have been increasing in previous years.
Under the law of the State of Georgia, you can notify your Tax Commissioner about your desire to have your property’s current value frozen for tax purposes. The time to do so is prior to April 1 each year, just before the DeKalb County tax assessment notices are mailed.
The obvious advantage: Your real property’s assessed value for tax purposes will be maintained even when property values continue to increase. Your property taxes will essentially remain the same or similar in amount because of the freeze. Once set, the frozen assessed value cannot be decreased (i.e., re-frozen at a lower level).
Another type of property tax assessment freeze occurs when you file a property tax appeal. Provided you settle your appeal at the board of equalization or superior court the tax assessment is frozen for three years. This freeze is temporary unless you continue to appeal every three years and get the value frozen again.
But there are certain exceptions that you must discuss with the Tax Assessor. First, the DeKalb County tax assessment freeze will be revoked or removed when a building permit is issued for the property. The freeze will also be removed if you file a property tax return, sell the property, or appeal again during the three year freeze.
Temporary Value Basics
Let’s assume that you have filed a DeKalb County tax assessment appeal but it remains unresolved when the tax bill is mailed. Lest you think that you can skip on paying your tax property for the year, think again – you will still receive a tax bill but it will be based on a temporary value pending the result of your appeal.
The calculation for the temporary value can be one of these three options:
- Lesser amount of your property’s last final value or 85 percent of its current year value;
- 85 percent of its current year value or pay the 85 percent tax bill coupled with the difference between the last final tax bill and the 85 percent tax bill, in case your property is non-homestead and with a $2 million and above value;
- Billed at 100 percent of the current value, which you should specify and when there are no substantial property improvement
The tax authorities will apply the first option in case you don’t specify your preference. Upon resolution of your appeal, the difference will either be re-billed or refunded with applicable interest, if any.
Do you have more questions about the DeKalb County tax assessment freeze and appeal? Call us at Fair Assessments and we will do our best to answer your questions.