Should you file a property tax appeal? Should you have your property reappraised? The assessed value of your real estate should equal what the property would easily sell for (the appraised value). If the assessed value exceeds what the property would easily sell for, you should file an appeal. You should also consider filing an appeal if the property is affected by a diminution in value caused by declining prices and market conditions, or detrimental conditions like cracked foundation, environmental damage, construction defects, condemnation, or other causes. Property tax appeals can be filed on any real estate including a condo, house, ranch, vacant land, apartment building, commercial, industrial, or special-use property.
In the state of Georgia, it is the responsibility of each county tax assessor’s office to prepare the annual real estate and property tax digest. According to the state tax laws (O.C.G.A. 48-5), all counties must perform an annual review of properties. Sometimes this causes a change in your tax assessed value, thus changing the amount of taxes due for your property.
Do not confuse the county tax commissioner with the county tax assessor. The county tax assessor establishes the property’s taxed value while the county tax commissioner applies the approved millage rate at which the property is taxed and is responsible for the billing and collection of property taxes.
The professional appraisers at Atlanta Condo Appraiser can provide support for our estimate of value. While we are unable to guarantee the outcome of your appeal, an appraisal completed by a state-certified real estate appraiser would be a step in the right direction in any dispute with your local tax assessor.
We do our own evaluation on your condo from beginning to end, and an independent report such as ours will be more persuasive when you are trying to appeal your property assessment.
Many of our customers have greatly praised us for our services because they have no idea their condo was overvalued. Anything from the square footage, condition of the property, and property features can determine and affect your tax assessment. If the square footage on your property is wrong, it is most likely that your tax assessor has overvalued your property.
For property valuation in Atlanta, GA and all surrounding counties, choose the appraisal company use can trust. Call or email Atlanta Condo Appraiser today.