Barry Wolfert, Associate Broker
Recognized by Communities Magazine as one of Atlanta's 100 Best Realtors
Wolfert & Wrenn Real Estate Team -
Keller Williams Realty Consultants
Thanks for the advise. I have been in contact with some of the agents in this website and they have been very helpful in providing the information to help us with the process. I will definitely refer them to friends and neighbors.
Thank you Deryk and Karen for the comps. I sent the letter of appeal today and look forward to hear from the Tax Assessors Office.
Something else that you will have to consider in the near future. These counties base their budgets on tax revenue projections. As property values continue to decline they are bringing in considerably less money to use for county services, maintenance, improvements etc. They can only cut so much from the budget without causing harm to critical county services. They have to make up the shortfall somewhere. Many are doing this by raising the millage rate which will basically offset the reduction you get for taxes due to lower property value. It's either that or cut county services which most residents do not want. The more people appeal their taxes and get reductions in place the faster the county will move to raise millage rates to offset the shortfall.
In Forsyth County that is happening as I write this. There is a proposal to be voted on very soon to raise millage rates to offset budget deficits. I am sure it will pass and will add about $30 to $50 to the average property tax bill. No matter what happens the cities and counties still need to generate enough revenue to cover expenses and that will continue to come from our pockets one way or another.
I would take one of these nice Realtors up on their offer and have them look over your situation.
It is common for homeowners to need help with property tax appeals and most Realtors are happy to help.
If you know anyone thinking of buying or selling perhaps you could refer them to the Realtor that helps you.
Eventhough your decision to sell may not be in the near future your best course of action for accurate information is to contact a couple real estate professionals and request a CMA(comparative market analysis). This will provide you with the information you need to keep up to date with what's going on presently with your real estate market.
The Eckler Team