Good news for Atlanta's Fulton County residents (and the Atlanta real estate market)!
Fulton County Board of Assessors Stays Assessments at 2016 LevelsIn response to property owner's concerns, the Fulton County Board of Assessors voted unanimously Wednesday to FREEZE property assessments at 2016 levels. Many residents saw extreme spikes in their property assessments, some increases in the hundreds of thousands of dollars. These assessments had many residents worried they would be forced out of their homes due to property taxes they could not afford. The Real Estate Industry was also concerned the extreme increase in Fulton County taxes would have a detrimental impact on real estate sales. While assessments and taxes will inevitably continue to increase, this Board decision will hopefully delay and even out the increases. For additional information please see the Atlanta Business Chronicle and Atlanta Journal-Constitution articles below.
Another way to keep your property taxes down is to apply for Homestead Exemption. In order to qualify, the home has to be your primary residence as of January 1st. Learn how to apply for your Homestead Exemption in Georgia.