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Intown Atlanta Overtaxation Demands Your Own Representation

Based on what Dekalb County tells me, I need to do the following to appeal a difference of about $50,000 in between the City of Atlanta and Dekalb County Tax assessor’s valuation, and the actual market value of my house today.

If I feel that the Property Appraisal Department has assigned an “inappropriate value,” then I need to file a “tax return” with their office between January 2d and March 1st stating what I believe to be fair market value.

Since I don’t know what a “tax return” in Dekalb County is exactly, I’m going to the Property Appraisal Department office on Monday morning and I’m gonna get busy.

Apparently a “tax return” by their definition indicates the value of the property. For instance, I’ll indicate that I finished my basement last year, acknowledging some level of value addition. I’m required by law to do so.

There are 4 reasons to file a tax return:

1. if I make improvements of additions to my property

2. if I want to appeal the fair market value of my property

3. if my purchase of a property caused a subdivision or combination of an existing property

4. if, at closing, the closing attorney failed to fill out a tax declaration form

They state that this action of filing a return will generate a review of my property value by the department. If the value is changed, a “notice of assessment change” will be mailed to me by late March or early April, allowing me 30 days to further appeal to the Board of Equalization if I continue to disagree with the value change.

If the property Appraisal Department makes no change in the value, then my returned value (appeal) is automatically sent to the Board of Equalization for a hearing. State law prohibits filing a Dekalb County tax return after March 1st for any year, so the same goes for all counties in Georgia, I guess.

So, join me and get your tax return on – if you think that your Intown Atlanta or Decatur house is down in value, then it probably is.

There are metro Atlanta submarkets that are down 25% or more since 2005.

If your local government has you assessed on your most recent purchase price, and if that purchase came before the steady decline in prices began in June 2006, then get your tax return on.

Mine is down over 10% based on their ongoing increases since our May 2004 purchase.

They got another thing comin’…

In addition, Georgia Senate Bill 55 will place a requirement ” which directs assessors to count foreclosure sales when setting tax values. The bill sailed through the Senate Finance Committee with no opposition Thursday, February 5th.”

Here’s an AJC article about it.

The pain of funding loss for local governments with this state level mandate is apparent in the interview statements with Fulton and Dekalb officials!

Therefore, get your tax return on before March 1st!

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