Assessments Coming to a Mailbox Near You

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To determine the property tax that is due, a city assesses the value of your home. At this time, all counties, such as Fulton, Cobb and Forsyth, are sending their assessments to homeowners. A few points we wanted to share with you include the following:

1. There was a formula error in Fulton County’s assessments so their assessments were, of course, figured incorrectly.
2. Remember the assessment is not a bill.
3. Compare this year’s assessment from Fulton County with last year’s to ensure the millage is the same.
4. Although we’re not tax accountants, we know about property taxes in our area so call us if we can be of any help.

Remember, the city’s assessment often doesn’t correspond to the true value of your home. Real estate agents use a different method—the comparative market value approach—to value a home. The realtor comes up with the value by looking at similar homes sold in the past 6 to 12 months to tell you what you can expect to get out of your home. This is a more accurate approach.

If you’d like us to let you know your home’s value or if you’d like to learn how to be successful in this market, please call us at (770) 396-6100 or email us at Melida@PottsRealtyInc.com.