‘Tis the Season to Reassess Your Property Taxes

Whether you recently purchased a home or have been a homeowner for years in Metro Atlanta, 2011 will offer significant benefits for property taxpayers.  Due to the passage of the Georgia Senate Bill 346 earlier this year, reform is finally coming to the values assigned to our homes, which will bring hopefully much needed relief to real estate owners.  

Here are highlights of the new and improved revisions for Georgia real estate taxes:

• The sales price establishes Fair Market Value for the next tax year
• All relevant sales, including distressed sales,  will be included when determining Fair Market Value