FYI …
From: FourthWardWest@xxxxxxxxxxxxxxx [mailto:FourthWardWest@xxxxxxxxxxxxxxx] ;
Sent: Tuesday, June 6, 2017 7:26 PM
To: FourthWardWest@xxxxxxxxxxxxxxx
Subject: [FourthWardWest] Property Tax Assessment: What You Need to Know
Re-posted from District 2 Atlanta
If you own property in Fulton County and felt a wave of panic when you opened
your Fulton County Tax Assessment recently, you are not alone! Our office is
here to help explain the situation and assist you in any way we can.
1. The Assessment you received is NOT YOUR TAX BILL, but provides an estimate
based on what the millage rates were last year. Also, if you live in the home
you own and have the Homestead Exemption, you also have the Consumer Price
Index (CPI) Homestead Freeze. This offsets assessment increases to the CPI or
3%, whichever is less. In the coming weeks, the City of Atlanta, Fulton County
and the Atlanta School Board will approve their millage rates. Several of these
bodies are considering rolling back their millage rate, meaning that your
actual tax bill will be lower than the estimate provided on your tax
assessment. Go here
<http://r20.rs6.net/tn.jsp?f=001a5L23Y0EYXDhxNdxb4xqPmxR73afu2xyX-UJWwkhHGijhtd2JisEKf7JHKwuuZpLEtRktDhuR4f9TzWBWl05275XotkDqgZj2fWrE32eWUVXIDlTIHDzhynnI8De0_0Aw0ThiIKsrl0W1WM6n8fONwPhfcP_J7LFTWnX4duFgpKGt2PmW5zAf-qwAi9kjyRu3QVlFJBUN1hnkR1y_WcgeDHjXFguMTyYrV2W6XyQ0hY=&c=9wsk4frZCbtcFoFpKmbG7yLM0D5nn6isRy1qvFq_kRPqDn0IDCVrKA==&ch=A1Zmy8Ap8jKiLcHr0LdMPyJzg78sWAPWmVeyEAFPKyWLLB1oYzxyFg==>
to understand your tax bill.
2. If you feel your assessment is in error, file an appeal by July 10. For more
information, call 404-612-6440 or go online to www.fultonassessor.org
<http://r20.rs6.net/tn.jsp?f=001a5L23Y0EYXDhxNdxb4xqPmxR73afu2xyX-UJWwkhHGijhtd2JisEKf7JHKwuuZpLqvYFhC19pdUro7UpkyxHZNL5EWh2_giB1bUkEDLodnZC8f36SRv7aIlyGfNUcQSUWrSOHXgQvoNXAnJZEnhrsTth9u8iHJjRAo_5hNVRLgs_XYe-CdAlEg==&c=9wsk4frZCbtcFoFpKmbG7yLM0D5nn6isRy1qvFq_kRPqDn0IDCVrKA==&ch=A1Zmy8Ap8jKiLcHr0LdMPyJzg78sWAPWmVeyEAFPKyWLLB1oYzxyFg==>
. If over 5% of the overall Fulton County tax digest is appealed, the Georgia
Department of Revenue Commissioner will reject it, as required by Georgia law.
3. Make sure you have claimed all your exemptions! The deadline is April 1st of
every year, but go ahead and file for 2018 while it's on your mind. If you live
in Fulton, click here
<http://r20.rs6.net/tn.jsp?f=001a5L23Y0EYXDhxNdxb4xqPmxR73afu2xyX-UJWwkhHGijhtd2JisEKf7JHKwuuZpLEbdjAdVZzdsaZ_qcUAzxk2aPcUJZXmJSypDBAnID0fthLjt-TVATkIeDkaBYDgpEteDgq8aILf8Wdzk_uvUhkplplONhIOoOcjkMMYqQKsly901Qp0jDysE6xlpHf3IrA0CNbAbIFWoUJIkQu9ammg==&c=9wsk4frZCbtcFoFpKmbG7yLM0D5nn6isRy1qvFq_kRPqDn0IDCVrKA==&ch=A1Zmy8Ap8jKiLcHr0LdMPyJzg78sWAPWmVeyEAFPKyWLLB1oYzxyFg==>
; Dekalb, click here
<http://r20.rs6.net/tn.jsp?f=001a5L23Y0EYXDhxNdxb4xqPmxR73afu2xyX-UJWwkhHGijhtd2JisEKf7JHKwuuZpLE3fppq9X3qyrO0JWwNPxMxoGAHaL_Bx3Z3pVD2Ukx4ao26TzM9mwuV7dHGg8eak6t81wTOyRwrAtGF4FVhjKxqKJ1N3qaUd2aXvpcqGHyUR-5lXUVjRsY98IjpwyUUsocmVDaUiS8dN2e7QMLj58HINg2Q4_m2WeGICNhEAQXibRp_gBMCmZ3rVlBugMSa-Rm63MPiSmEjZYi2DuVz3Z6g==&c=9wsk4frZCbtcFoFpKmbG7yLM0D5nn6isRy1qvFq_kRPqDn0IDCVrKA==&ch=A1Zmy8Ap8jKiLcHr0LdMPyJzg78sWAPWmVeyEAFPKyWLLB1oYzxyFg==>
.
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_____
Posted by: barfield.mcginnis@xxxxxxxxx <mailto:barfield.mcginnis@xxxxxxxxx>
-----Original Message-----
From: highland-discuss-bounce@xxxxxxxxxxxxx
[mailto:highland-discuss-bounce@xxxxxxxxxxxxx] On Behalf Of Alex Agle
Sent: Monday, May 29, 2017 2:04 PM
To: highland-discuss@xxxxxxxxxxxxx
Subject: [highland-discuss] 2017 Property Tax Assessments
I risk being the bearer of bad news, but the news is better than I expected.
I just found out that this year's property tax assessments are available
online. The property valuations did not change last year, and I was worried
that we would have a huge jump in valuations this year. During the second half
of last year, sales prices really began to rise with one sale being close to
$290k. Fortunately, the new valuations are about 10% lower than I was
expecting.
2 Bedroom Double Wide Units
Total Value in 2015 & 2016 = $182,600
Current Total Value = $230,600 (26.3% increase)
Difference = $48,000
Assessed Value Difference = $19,200
Approximate additional tax due this year = $864 or $72/month
2 Bedroom Units w/Home Office
Total Value in 2015 & 2016 = $180,000
Current Total Value = $227,700 (26.5% increase)
Difference = $47,700
Assessed Value Difference = $19,080
Approximate additional tax due this year = $858.60 or $71.55/month
2 Bedroom Standard Units
Total Value in 2015 & 2016 = $176,600
Current Total Value = $223,200 (26.4% increase)
Difference = $46,600
Assessed Value Difference = $18,640
Approximate additional tax due this year = $838.80 or $69.90/month
1 Bedroom Units
Total Value in 2015 & 2016 = $131,700
Current Total Value = $167,200 (26.7% increase)
Difference = $35,500
Assessed Value Difference = $14,200
Approximate additional tax due this year = $639.00 or $53.25/month
These are typical valuations, and your individual unit valuation could vary
based on a recent sale or other criteria.
For anyone curious about the process, Fulton county is supposed to appraise our
properties each year. They neglected to increase residential valuations last
year, so that means a more drastic increase this year. Old Fourth Ward is a
hot neighborhood, which is causing our property values to rise. This is a good
problem to have, but it means higher property taxes. The median valuation
increase in the county is 13%. Properties closer to the Beltline are seeing
higher increases.
We pay property taxes based on 40% of the value of our property, so the
assessed value difference is 40% of the difference. I then divide the assessed
value difference by 1,000 and multiply by 45 to calculate the approximate
additional tax due. In years past, this has given me a good ballpark value of
how much the tax bill will increase.
Alex
--
Alex Agle
<mailto:alex@xxxxxxxxx> alex@xxxxxxxxx
C 404-229-3325
W 404-894-6165
