Comments on: Property Taxes are Changing in Georgia http://maxsell.net/property-taxes-are-changing-in-georgia/ Buy, sell or lease real estate in North Metro Atlanta, GA. Homes, office space, industrial warehouse, land and investment properties. Thu, 20 Nov 2008 15:49:25 +0000 http://wordpress.org/?v=2.6.2 By: bradnix33 http://maxsell.net/property-taxes-are-changing-in-georgia/#comment-540 bradnix33 Tue, 04 Mar 2008 21:37:30 +0000 http://maxsell.net/property-taxes-are-changing-in-georgia/#comment-540 Excellent points Larry. However, I do feel that real estate will rebound and hopefully appreciation will outpace the 2% per annum increase in taxes. But you do raise a great point about the timing of this legislation and the problem appeals could create. Thanks for your participation in the community. Excellent points Larry. However, I do feel that real estate will rebound and hopefully appreciation will outpace the 2% per annum increase in taxes. But you do raise a great point about the timing of this legislation and the problem appeals could create.

Thanks for your participation in the community.

]]> By: Larry Singleton http://maxsell.net/property-taxes-are-changing-in-georgia/#comment-538 Larry Singleton Tue, 04 Mar 2008 20:48:09 +0000 http://maxsell.net/property-taxes-are-changing-in-georgia/#comment-538 My thoughts on the tax freeze are ... Isn't it interesting that our legislators are now freezing our taxes when assessments are at there highest levels in history. Tax assessments in Georgia are supposed to be at or very near actual market value. Assessors typically increase existing tax values by a percentage estimate to meet the requirements of state law. I wonder if they are considering reducing our assessments given current market conditions. If one owns a developed residential lot in the South Cherokee County sub-market, there is a good chance it is worth up to 50% less than it was last year. Our school board and many mayors have come out against this tax freeze. However, the proverbial 300 pound gorilla in the room that they are ignoring, is what would happen if property owners filed appeals to reduce their taxes in mass? My thoughts on the tax freeze are …

Isn’t it interesting that our legislators are now freezing our taxes when assessments are at there highest levels in history.

Tax assessments in Georgia are supposed to be at or very near actual market value. Assessors typically increase existing tax values by a percentage estimate to meet the requirements of state law. I wonder if they are considering reducing our assessments given current market conditions. If one owns a developed residential lot in the South Cherokee County sub-market, there is a good chance it is worth up to 50% less than it was last year.

Our school board and many mayors have come out against this tax freeze. However, the proverbial 300 pound gorilla in the room that they are ignoring, is what would happen if property owners filed appeals to reduce their taxes in mass?

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