Counties inflating home values to retain tax revenue

Discussion in 'Off-topic Political' started by bdee, Dec 19, 2010.

  1. bdee

    bdee انا باتمان

  2. pml

    pml Active Member

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    No doubt. And the CEO is looking for a property tax increase as well.
     

  3. Taurus92

    Taurus92 Well-Known Member

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    More on how counties are doing this:

    http://market-ticker.org/akcs-www?post=179351

    From the original AJC article:
    Denninger explains what they are doing:
     
  4. Phil1979

    Phil1979 Member Georgia Carry

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    What kind of proof does one need to show the county your property is over-valued? My taxes in Gwinnett have gone way up.

    Anything I need to get from the county in writing before I can file an appeal?
     
  5. seereus

    seereus Active Member

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    My county dropped the property values.......but raised the mill rate.
     
  6. Taurus92

    Taurus92 Well-Known Member

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    It would be nice to hear from someone that has successfully appealed. I've appealed but not successfully. Your tax bill should have information on it what you need to do to file an appeal. Obviously you will need the tax bill. I don't escrow so I pay the taxes separately from my mortgage payment and I've always received a bill in the late spring/early summer. I'll do more research this year and may even consult legal folks before filing.

    I appealed mine two years ago. The only good it did was lock my value for two years, but I found out at the CEO's (Burrell Ellis) meeting from quite a few other irritated homeowners that values for tax purposes have continued to go up even as housing prices are still declining. Before, I researched on Zillow.com recent home sales similar to mine, but the market had already started tanking and there weren't many sales to choose from. They threw out most of my comparable properties as not comparable. This time I will probably hire a "certified" appraiser before I file the appeal. If the "certified" appraiser's value is close to the counties then I don't have a case. It was pointed out at the CEO's meeting Dekalb doesn't use certified appraisers. It was also pointed out that not only have tax appraisal values gone up, but they are also looking at raising the millage rate.
     
  7. Match10

    Match10 Active Member

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    This is the story of all property tax, no matter what part of the USA you are in!
     
  8. rmodel65

    rmodel65 Yukon Cornelius

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    someone needs to introduce a bill to make Allodial Title legal.....
     
  9. Iceman

    Iceman Active Member

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    I successfully appealed my property value last year in Rockdale County.

    First, check your county's website for information on how to file a Property Tax Return. Also look up information on the appeals process.

    There is a limited time to file a Property Tax Return.

    As for proof, you need to find actual sales of homes and property similar to your. The county's website might be of some help here as well. The sale must be from the previous year and must represent fair market value. An appraisal of your property wouldn't hurt, but I'm certain that if your case goes to appeal, the Board of Equalization will have questions about the appraisal so find an appraiser that is willing to represent you in front of the Board.

    I hired an appraiser. What I paid her for an appraisal and representation was still less that what I saved on my tax bill.

    Here's some additional reading that will help.
    Atlanta property taxes: Values fall faster than tax bills
    Atlanta property taxes: How to lower your tax bill: Returns and appeals 101
    Atlanta property taxes: New law benefits owners
    Georgia Code O.C.G.A. § 48-5-352 Determination of fair market value for county and municipal ad valorem property taxation purposes; counties to furnish information relative to fair market value of property (not assessed value, my emphasis)

    You can also file an Open Records Request with the County Assessor's office for records that might give you an idea of how successful you will be if you decide to go all the way with your appeal.....they may also tell which appraisers are successful and which are not.
     
  10. Mr_Z

    Mr_Z Member

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    Yep. My property value dropped, and my taxes remained the same/went up slightly. And if/when property values recover, who thinks the mill rate will drop back down? Not me.
     
  11. MilcorTactical

    MilcorTactical New Member

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    Our property value dropped as well but and our taxes went up a little. We pay Fulton County and City of Roswell taxes and they are outrageous! Our HOA actually wanted our properties re-assessed because they thought the value should be higher. We had to explain to them why that would be a problem and what that would do to our taxes. :screwy:

    I am ready to move out of Fulton County all together.

    Corey