Many commercial property owners in Cobb County find their budgets stretched thin even in the best of times. This is especially true for those who have small to mid-size companies because they often don't have the more generous budgets that larger businesses might have access to. When the county's annual tax assessment results in a commercial property tax that is large enough to put a crimp in their carefully planned budget.
You Have Options
One option that is designed to address this occurrence is the property tax appeal. This ability is built into the Georgia state laws as a way for residents to contest the value of their commercial real estate.
Being able to appeal the property taxes that have been levied against you is important because of the method that's used to value a property. Due to the daunting undertaking that assessing all the property in Cobb County is for its tax assessors, they -- like many other jurisdictions in the country -- use a process known as Mass Appraisal.
Mass Appraisal uses statistical data to assign a value to your real estate. It's based on factors like the value of similar properties in the area and the recent sale prices of any comparable real estate.
Reasons to Not Pursue a Property Tax Appeal
For many commercial property owners, the thought of launching a property tax appeal itself sounds daunting. There are a number of reasons why this might be so including a lack of time. There is a definitive time commitment involved throughout the entire process.
This means devoting considerable time to getting the paperwork in by the deadline. In addition, a successful appeal doesn't just stop there. There is a significant amount of research involved so you can present the evidence needed to back up your claim of an unfair property tax assessment.
The uncertainty of a new situation is also a looming concern. Not knowing where to start when you want to appeal your property tax assessment, what information is the best to present in your appeal and how to obtain that information can be frustrating when you already have a busy schedule.
Getting the Assistance You Need
Fortunately, there is a seasoned professional full-service property tax reduction firm that specializes in assisting property owners in Cobb and Gwinnett counties. With nearly 30 years of experience in valuation services, Fair Assessments has an exceptional success rate.
Contracting with Fair Assessments means that they handle all aspects of your property tax appeal. From filing and research to providing representation during the negotiations phase, Fair Assessments makes the process of getting started quick and easy. Simply head to commercial property tax appeal on their website where you'll find everything you need.
