The DeKalb County tax assessor has the legal mandate to provide the constituents within its jurisdiction with efficient, accurate, and timely assessments of real and personal property valuations. While real property (real estate) is the most widely known subject of property valuations for tax purposes, you must also remember that the tax assessor has the power to assess business personal property, too.  Here are a few things that you have to know about the process implemented by the tax assessor’s office. 

When you receive your annual notice of assessment from the Gwinnett County Tax Assessor in the mail, you should be prepared for the possible changes in your real property’s appraised and, thus, assessed value. Keep in mind that the assessed value is usually 40% of the appraised value with the former as the basis for the tax bill computation. 

The good news: The multifamily market appears to be sustaining its momentum started in 2015 with many investors enjoying the increase in rents and rates of occupancy as well as the decrease in cap rates. The bad news: Taxpayers may see an increase in Fulton County property tax valuations, which multifamily development investors must be prepared for particularly in challenging possible over-assessments on the real property. 

When you are filing a DeKalb County property tax assessment appeal, you should know the basic terms especially regarding assessment and appraisal. While the two are often used interchangeably, there are essential differences that taxpayers should know and that tax consultants will usually tell their clients. 

Georgia House Bill 202 was passed and signed by the Governor in May of 2015. The bill is in full force and effect starting in tax year 2016. This article addresses some of the changes that have the biggest impact on the property tax appeal process. 

While you may think that the Gwinnett County Tax Assessor has the ultimate advantage during the appeals process, you still have a good chance at beating them at their own game. For one thing, you should have an experienced tax consultant with comprehensive knowledge about these matters on your side to increase your chances of success. For another thing, you can use the Tax Assessor’s records to your own advantage, too.  Here’s how. 

When it comes to winning your Fulton County property tax appeal, you have to look beyond your frustration at the apparently unfair valuation of your property. You must gather valid, reasonable, and comprehensive evidence to support your claim that, indeed, your property’s assessed value, as reflected on the annual notice of assessment, is too high.  Your tax consultant should be able to assist in gather your appeal-ready evidence but here are useful tips that you can also remember. 

You can win your Gwinnett County property tax appeal!  But you have to gather strong evidence to support your assertion of over-assessment of your property’s taxable value. You can request the assistance of an experienced tax consultant in this matter as well, for an effective and efficient presentation of the evidence. 

When you file a tax assessment appeal, you are essentially contesting the assessment value made by the Fulton County tax assessors on your property. You must then ask yourself: Who has the burden of proof in your appeals case?

While your comparatively high property tax bill may seem like a lost cause at first glance, you will be happy to know that the DeKalb County property tax appeal process can actually work in your favor. Your first step is choosing the right venue and grounds for appeal – truly, an important first step that should ideally be discussed with a tax consultant with comprehensive experience on the matter. Your choice in venue and grounds will have a positive impact on your desire for a lower assessed value and, hence, lower tax bill.