Georgia Property Tax Appeal Data

Foreclosures Up 11% in Atlanta Metro During 2010

Atlanta Business Chronicle - by By Lisa R. Schoolcraft, Staff Writer

Georgia Tax Appeals

Georgia Senate Bill 346 included many changes to the property tax law. Last time I addressed this subject I discussed the changes to the fair market value definition. The change discussed was the inclusion of distressed sales as comparable sales that must be considered.

SB 346 also mandates that a recent sale shall be considered the fair market value: The transaction amount of the most recent arm's length., bona fide sale in any year shall be the maximum allowable fair market value for the next taxable year.

So, if you bought your property in 2010 for $500,000 the maximum fair market value estimate the assessor can put on it for tax year 2011 is $500,000 which is a $200,000 assessment (40%).

The transaction amount can be adjusted for the following reasons:
1. Personal property included in the sale price
2. New improvements after the sale date
3. Additions to existing improvements after the sale date
4. Major remodeling/renovation after the sale
5. Land adjustments due to consolidations, zoning changes, etc.

Nothing in SB 346 says the assessors have to appraise your property for the sale price, just not above the sale price. If the assessors put your 100% market value at the sale price start looking at your neighbor's/competitior's assessments. Did they use the sale of your property to adjust the entire market area, or just your property? Equity is a valid argument when appealing your assessment in Georgia.

Housing Starts Rise but New Permits Fall: Conflicting Data Everywhere

Instant View: Housing Starts, Producer Prices Rise
Wed Feb 16, 9:11 am ET

South Florida Q4 Office Vacancies Fall

South Florida’s office vacancies are still uncomfortably in the double digits, but they ended 2010 headed in the right direction, as leasing rose and corporate downsizing ebbed, according to a new Cushman & Wakefield report.

Georgia Property Tax Appeals

Senate Bill 346 had an impact on what the tax assessors must consider when estimating the fair market value of property. It defines an arm’s length, bona fide sale as:

Office Vacancy Drops, but Rents Aren’t Yet Rising, Colliers International Reports

According to a new report by Colliers International, the U.S. office market entered the year on a relatively strong note after the fourth quarter, with a sharp drop in vacancy and a healthy increase in occupied space.

2011 Real Estate Investment Outlook

The exclusive National Real Estate Investor/Marcus & Millichap Investor Sentiment Index shows that investor sentiment has surged to a record level of 152 - a huge increase over the 119 rating achieved in third quarter. In fact, the most recent index rating tops the previous all-time high of 148 recorded in 2005.

TROUBLED AND TROPHY ASSETS CREATE VOLATILE COMMERCIAL REAL ESTATE PRICING

CoStar Commercial Repeat-Sale Indices, January 2011 Release
(With Data through November 2010)

Jobless rate improves in two-thirds of U.S. metros, but not in Atlanta

Atlanta Business Chronicle - by G. Scott Thomas

Nearly two-thirds of the nation’s 372 metropolitan areas finished 2010 with lower unemployment rates than the posted a year earlier, but Atlanta was not among them.

Report: Atlanta's tallest building faces ‘imminent default'

Georgia Property Tax Appeal Data

Georgia Tax Appeals

Housing Starts Rise but New Permits Fall: Conflicting Data Everywhere

South Florida Q4 Office Vacancies Fall

Georgia Property Tax Appeals

Office Vacancy Drops, but Rents Aren’t Yet Rising, Colliers International Reports

2011 Real Estate Investment Outlook

CoStar releases most recent commercial sale indices

TROUBLED AND TROPHY ASSETS CREATE VOLATILE COMMERCIAL REAL ESTATE PRICING

It's the Jobs, Stupid

Jobless rate improves in two-thirds of U.S. metros, but not in Atlanta

Atlanta Business Chronicle - by G. Scott Thomas

Atlanta Trophy Building in Trouble?

Report: Atlanta's tallest building faces ‘imminent default'

TROUBLED AND TROPHY ASSETS CREATE VOLATILE COMMERCIAL REAL ESTATE PRICING

Jobless rate improves in two-thirds of U.S. metros, but not in Atlanta

Atlanta Business Chronicle - by G. Scott Thomas

Report: Atlanta's tallest building faces ‘imminent default'

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