The most recent S&P Case-Shiller home price index shows that Atlanta area house values declined 5% in October, after a similar decline in September. House sale prices fell more in the Atlanta area than any of the 19 other metropolitan areas that the Case-Shiller index covers. Compared to October 2010 values, Atlanta values have fallen 11.7% which implies that values in Atlanta were (overall) flat prior to this fall.
If you chose to appeal your Atlanta area 2012 property tax assessment there is plenty of time to get your evidence together. However, the effective date of appraisal for property tax purposes is January 1, and the market data used to establish a value as of that date is data from Before January 1. You will have to gather comparable sales data from the year 2011, and wait for 2012 tax assessment values to come out before developing an equity argument.
For help with your Georgia property tax appeals contact us at www.fairassessments.com
If you chose to appeal your Atlanta area 2012 property tax assessment there is plenty of time to get your evidence together. However, the effective date of appraisal for property tax purposes is January 1, and the market data used to establish a value as of that date is data from Before January 1. You will have to gather comparable sales data from the year 2011, and wait for 2012 tax assessment values to come out before developing an equity argument.
For help with your Georgia property tax appeals contact us at www.fairassessments.com
