What Do I Do About The Tax Assessment I Just Received?

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You’ve Received Your Tax Assessment, And It’s Not Pretty

2015 Tax Assessments have recently been mailed out.  If you have received yours, it’s likely that it gave you quite a shock.  One of the downsides of an escalating real estate market is that as the value of our homes go up, so does the possibility of the county re-assessing our homes for higher values.  This will ultimately result in higher tax bills.
Now What?
You need to gear up for what’s next.  Some thoughts on how to strategize for what’s next:
1.  File An Appeal As Soon As Possible–  You have 45 days from when you receive your assessment to file an appeal with the County.  Don’t drag your feet on this- the Counties are rigid on this deadline, and we know several homeowners who have procrastinated their way to higher tax bills simply by filing their appeal post deadline.
2.  File An Information Request– The County is required to share the information that they used to determine your home’s value.  Follow the instructions on your Assessment to request this information.  You you will need this information to build your appeal case.
3.  Stop Looking At Zillow–  The County doesn’t care how much Zillow says your home is worth.  No one cares, actually, but that’s a different story.  Better to spend your energy on what’s really happening on the market, not what some obtuse algorithm thinks is happening.
4.  Pull The Relevant Sales Comps– Once you have the County’s supporting documentation, it’s time to go to work.  You’ll need to build your case for your eventual Board of Equalization hearing.  While there are several resources online that you can utilize, you can always give me a call for assistance.  I’m happy to provide relevant sales data, so that you can ultimately reduce your tax burden. My team and I are here to serve your housing needs in any way that we can, so please don’t hesitate to reach out to us!
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Jon Effron is widely regarded as one of the leading Realtors in Atlanta, working with both buyers and sellers throughout the metro area to maximize their real estate investments. In 2014, Jon was the #1 individual agent at Keller Williams Intown, one of the largest brokerages in Intown Atlanta. Prior to becoming a Realtor, Jon was the Vice President of Development at Tujay Group, an Atlanta real estate development firm. His career pre-real estate included stints at ABCNews.com, eGroups (now Yahoo! Groups) and Elite Traveler magazine, where he served as the Vice President of Marketing.