Metro Atlanta, Gerogia Real Estate Market, North Georgia, REO Sales

If home price drops, so should property taxes...

In these very uncertain times, many home owners have had to face the fact that current market value of their homes is LESS than they once thought!

Yet as most homeowners they continue to pay property taxes based on that HIGHER value.

Higher taxes may also make a property less appealing and affordable to buyers, since higher taxes will increase their overall cost, at least until the property is reassessed.

That is why I am telling my clients and you that may be considering a sale to appeal their property taxes at the next opportunity.

Arrange a visit with the local tax assessor and request a complete copy of home's tax records.

Pay particular attention to the market comparable listed on the property record card.

Take the appropriate equalization ratio and multiply the market value you believe appropriate for the home by rate. If the number is lower than the current assessment, you should file a tax appeal.

Take care ...Until next time feel free to contact me anytime.