You are like most people out there, you are not overly thrilled about paying property taxes, even though you know it is necessary. You get your tax bill, and you pay it, and maybe you do not even think to really look at the assessment letter and the bill to see if it is correct. If you aren’t checking the tax assessment closely, you might be paying more on your property taxes than you should be.
Do you know how your property taxes are assessed each year? This process is directly related to the value of your home, and yet so many homeowners pay property taxes that are too high for the home they own. At Fair Assessment LLC, it’s our mission to ensure that you are paying your fair share of Fulton County property tax. Here are three things to know about this complex system of taxation.
Are your property taxes too high? If you are like most people out there, you are sure that you are simply paying too much in property tax each year, and you want to do something about it. However, you need to make sure you are really paying too much if you hope to have a reduction in your taxes. If you are concerned that the latest Fulton County property tax assessment for your home was incorrect and placed the value of your home too high, it’s time that you did something about it. Too many people are complacent and simply believe exactly what the letter of assessment says and then pay their taxes without every double-checking to make sure it is accurate.
The property tax law in the State of Georgia is constantly under review and being changed by the state lawmakers. The property tax law is apparently viewed by some as a political tool. Before the recent controversy over the Fulton County Tax Assessor’s 2017 value increases there was already a Georgia politician considering a cap on assessment increases as part of their reelection campaign. Now that Fulton County “caught up to the market” through high percentage tax assessment increases and were forced to rescind the increases there is much more talk about a cap on assessment increases.
The Fulton County tax Assessors have posted some sale ratios statistics on their website showing how well they have done with their 2013 reappraisal. At first glance, these statistics look stellar given that Fulton is such a large, diverse county. Take a look: