Has there been new construction in your neighborhood? Though that new house, condo or business is a sign of your neighborhood’s good health, it could cause you tax problems. As Fulton County sends out this year’s property tax assessments, some homeowners are getting a big surprise. However, you still have options when it comes to handling your property taxes.
How High Will My Fulton County Property Assessment Get?
Property assessments for 2018 are coming in, and many homeowners in Fulton County are in for a real shock. That’s because their property taxes are likely going up thanks to increased home values and a delay in tax increases.
Last year, county commissioners decided to freeze property taxes for Fulton County homes. This has caused a leap in assessment values as the system shifts from 2016 values to 2018 values. This has many homeowners seeing an average property value increase of around 26 percent. Such an increase in values has left many residents paying hundreds, even thousands, of dollars in extra taxes this year.
How Can You Fight These Increases?
Luckily, there are still options for people who find their property taxes suddenly shooting up. Georgia law says that homes must be appraised at their market value. This means that getting an independent appraisal and appealing your property assessment could help.
Learn even more about property tax issues by following the real estate attorneys at Hecht Walker, P.C. Helping individuals and businesses navigate the complex laws of Georgia.