Thank You Fulton County!

Have you opened your property tax assessment yet ? If you live in Fulton County you probably should. Just make sure you are sitting down first.

I received my Annual Notice of Assessment from Fulton County today. There was a huge thud as I fell off my kitchen stool. Amazingly enough while the rest of the country sees house values plummet mine has actually skyrocketed into the stratosphere.

Yes, I think a lot of you will be pleasantly surprised when you open your assessments and find out how much Fulton County thinks your property is really worth. My little old homestead is now worth over $300,000 more than it was worth last year! Which is even more amazing as just this last week I was complaining to my husband that lately the place seems to be falling apart and everything needs repairing or replacing.

I called my neighbors. Many of the lines were busy - it seems that a lot of them have received similar good news and were passing it on. Five of my immediate neighbors have seen their properties soar over $300,000 also. One was assessed at over $600,000 more than last year. Median house prices in the US have fallen but here in Fulton County we have somehow managed to realize, in some instances, a 50% gain - this is BIG news. I am thinking of cutting the price Fulton County thinks my house is worth by say......$100,000 and offering it back to them - a good deal for all I think.

The neighbor who now has the house worth $600,000 more called the County. They were told to file an appeal. Are you kidding me? Do they have ANY idea how many appeals are about to rain down on them? This has to be a colossal mistake. Does ANYONE check this stuff before it goes out? Surely the fact that so many properties have gone up so much in value in such a short time in THIS economy must raise red flags? And if it is a mistake who is responsible for wasting all that taxpayer money preparing these assessments and mailing them out to thousands and thousands of homes. At least I hope it is a mistake if not I feel a revoution in the air.

Milton County cannot get here soon enough.

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Lee Fleck May 17, 2012 at 01:33 PM
Ones property tax assessed value is an individual issue and the community is not going to be any help in reducing it. Requesting a hearing before the Board of Equalization is very, very simple and not at all time consuming. You write a letter; you get a response confirming receipt of the letter; they send you a letter telling you when you’re hearing is scheduled; you go downtown and meet with everyday citizens to present your case; and BEFORE you leave you will have a determination "IN your HAND". Meanwhile the Count must send you a revised tax bill for only 80% until your hearing is complete. Piece of cake.
Lee Fleck May 17, 2012 at 01:37 PM
Deb, If at first you don't succeed ..... I won mine two years ago too and my tax bill went down another 10 grand this year. Nothing ventured, nothing gained.
Kate May 17, 2012 at 06:33 PM
Good information Lee, but FWIW, actually I have had neighbors get assessments lowered last year just by sending documentation of lower comparables along with the appeal. Didn't require a hearing. Unfortunately many people are not able to get to a hearing downtown during a work day, especially one they have no control over scheduling. If that's the case, would say it's reasonable to start with the appeal first.
Bob Pepalis May 17, 2012 at 07:11 PM
I'm not sure whether to laugh or cry: My condo's value dropped $25,000, according to Fulton County assessors. The good news is, of course, a lower tax bill. The bad news is it seems like I'll never get out from underneath this mortgage.
Jessica S May 22, 2012 at 01:25 PM
Mine went down 20K, the same as it did last year. I live in a neighborhood in downtown Alpharetta. Pretty soon my car will be worth more than my house.


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