Thinking about your most important investment? It is critical to understand the importance to evaluating your home's value. The annual tax accessment can be a basic guide "fractionally" based on how the county charges for property taxes. However, if the tax assessors department is currently undergoing a major property value reevaluation program due to poor tax assessments over the years similar to what we are experiencing in parts of Atlanta, it can be a false indicator. Owners are seeing increases in their property valuations every year for the past two years, which also drive up their annual property taxes - some cases over 50%! In fact, Fulton county has had to take a staggered approach to these increases rather than adjusting immediately because of the 5+ years previous administration's oversight. Click the below link for some helpful information.
Eric Cunningham is a Real Estate Advisor with Engel & Voelkers of Atlanta North Fulton, Ga. Eric currently resides in Johns Creek, Ga with wife, Lorien and son, Alex. Eric's mission in life is helping clients exceed their endeavors in Real Estate.