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June 1, 2011 / JB

New Georgia Property Tax Laws in Effect

Are your property values falling but your assessed value remains the same? Paying too much in property taxes? New laws may help you!

In a few weeks most county property tax assessors will have  mailed ever property owner a property tax assessment notice.  Some of you have already received your notices.

With the passage of Senate Bill 346 signed into law in 2010 (Georgia Code Section of 48-5-2(3)(B) (effective on January 1, 2011) several changes were made to help property owners in the appeal process.

The overall reform includes more than 50 changes to current state law. Significant taxpayer friendly provisions include:

  • Requirement that every property owner receive annual Notice of Assessment, which guarantees right to appeal
  • Every Notice of Assessment must contain estimated property tax
  • Expansion of appeal time-period from 30 to 45 days
  • Alternative streamlined appeal option for property valued in excess of $1,000,000
  • Automatic taxpayer victory on appeals when government fails to respond within 45 days
  • Requirement that all relevant sales, including distress sales (foreclosures, short sales, bank sales), be included when determining Fair Market Value
  • Requirement that only “current use of property” be used in determining Fair Market Value
  • Taxpayer must be given access to all data used in determining Fair Market Value
  • Sales price establishes Fair Market Value for next tax year
  • Property owners will have 45 days to file an appeal with the Board of Assessors office.

I will get into more detail about the appeal process over the next few weeks. But for now, spend some time researching the issues and learning about the new laws and the appeal process.

Here are some links to get your started:

(Note: some information on websites may be outdated and may not reflect the new changes in law.)

Senate Bill 346

Georgia Department of Revenue – Appeals

Property Assessment Appeal Form PT-311-A

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5 Comments

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  1. Tom Bacon / Nov 18 2012 8:37 am

    I live in Fannin County. My property assessment and taxes went up this year 500% from last year. I appealed and lost and was told by others that the corruption in local government is known by the state and is tolerated. They assess their own properties lower than the rest of the county. I can’t sue because I don’t have the money to sue. Friends make out well in Fannin, but the citizens don’t. I might have to leave Georgia because Property values are going down and assessments are going up. As a disabled vet on limited income, I can’t stay here. I’m being taxed out of my property and I can’t even sell it.

  2. Stephanie Miller / Jun 28 2012 2:57 pm

    Thank you for such an informative website! I started http://www.DekalbPropertyTax.blogspot.com after many of my neighbors received outrageous assessments from the County. I look forward to staying informed through your site and learning as much as I can about tax laws in Georgia.

    • JB / Jun 28 2012 3:29 pm

      Hi Stephanie, good to see you getting organized in Dekalb Co. If GTA can ever help you there, please let us know. I would be glad to speak at one of your meetings. Good Luck! James Bell gataxpayer@gmail.com

  3. Energy Guru / May 22 2012 7:37 am

    Need to add an x to the end of the tax guide link as in .aspx

    • JB / May 23 2012 11:13 am

      Thanks! If anyone finds broken links or typos pleases let us know. I guess I need to fire the editor.

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