A lot of people don't realize that in Cobb County, the law actually requires the Board of Assessors to maintain a fair market value on all properties in the area. This means that officials must keep a constant record of the value that they feel you can sell your property for, should you eventually choose to do so.
Of course, that value dictates the amount you'll pay in property taxes - and that amount may not always be what you expressly agree with. When you get your assessment in the mail, you'll see that value.
If you don't think it's appropriate or if it's higher than it should be, you should absolutely consider appealing it - a process that requires you to keep a few key things in mind.
What You Need to Know About the Cobb County Board of Assessors
In Cobb County, the Board of Assessors reviews all sales in the county every year to compare the current sales prices with the values they have on file for individual homes. Whenever the sale prices are higher or lower than the values they have on file, they determine that the time has come to re-evaluate individual properties. This means that your home could be re-evaluated two or even three years in a row, depending on the activity in the market. Especially right now, this is not uncommon.
However, just because a home in your area that is similar to yours sold for a certain price doesn't mean yours will. You may have information about your own home that the Board of Assessors doesn't, because they never stepped inside. This is why you should always file an appeal if you disagree with the value that you've been assessed at. You'll be given the opportunity to state your case as to why you feel the value is so incorrect, which could potentially reduce the amount of property taxes you're paying every year significantly if everything proceeds as it should.
Working with the Cobb County Board of Assessors can be a time-consuming and stressful process, which is why it's important for you to know that it's also one you don't have to go through alone. At Fair Assessments, we're prepared to appeal your property taxes on your behalf - all so that you can free up your valuable time to focus on those matters that truly need you.
So if you'd like to find out more information about working with the Cobb County Board of Assessors, or if you just have any additional questions you'd like to go over with someone in a bit more detail, please don't delay - contact Fair Assessments today.