Zillow, the much less than accurate, automated valuation model that everyone loves to play with reported that the number of US homeowners that owe more than their properties are worth climbed in the third quarter. The share of borrowers that are underwater rose to 28.6% or more than one out of every four mortgaged houses in the United States. Zillow said that the number increased because fewer properties are being foreclosed on by the banks. So there's our long-term solution! Just speed up the foreclosure process. Once the bank takes the house back it ain't underwater anymore!
CoreLogic a real estate research firm recently reported that the Atlanta metropolitan area showed a year-over-year decline in single-family home values of -7.8%. Of the 10 largest metropolitan areas only Chicago and Phoenix had higher year over year single-family home value declines. The Washington DC and New York City metropolitan areas are the only two of the top 10 metropolitan areas that showed a year-over-year increase in value.
If you are a homeowner in the Atlanta, Georgia Metro area and you don't think that your county tax assessor has been realistic about values in your neighborhood, then it's time to be proactive. The property tax appeal process isn't like fighting City Hall. The tax assessor's office expects property owners to appeal their real estate assessments. If you would like help from someone with experience both inside the assessor's office and outside of the assessor's office appealing tax assessments, please contact us for help with your property tax appeal.
CoreLogic a real estate research firm recently reported that the Atlanta metropolitan area showed a year-over-year decline in single-family home values of -7.8%. Of the 10 largest metropolitan areas only Chicago and Phoenix had higher year over year single-family home value declines. The Washington DC and New York City metropolitan areas are the only two of the top 10 metropolitan areas that showed a year-over-year increase in value.
If you are a homeowner in the Atlanta, Georgia Metro area and you don't think that your county tax assessor has been realistic about values in your neighborhood, then it's time to be proactive. The property tax appeal process isn't like fighting City Hall. The tax assessor's office expects property owners to appeal their real estate assessments. If you would like help from someone with experience both inside the assessor's office and outside of the assessor's office appealing tax assessments, please contact us for help with your property tax appeal.
