Now that the market is low and property values have decreased, can you have the taxes on a property
re-assessed after you've purchase? There are properties that were sold for $500K in 2005/6 that are no being sold for $350K.
Answers (1)
FIRST ANSWER
Jennifer,
Existing homeowners in Gwinnett County (and others, I'm sure) are allowed to do this when the tax bill arrives. We had thirty days from date of receipt to challenge the assessment. We met that date and were able to have our property reassessed. We could have also challenged it sometime in the first quarter had a tax bill not been sent to us with an extremely high assessment. Your county tax assessor's site should be a great resource for you.
Good luck.
Solomon Greene
REALTOR® - Keller Williams Realty Atlanta Partners
Web Reference: http://www.AtlantaDownPaymentAssistance.com
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