Real Estate Tax Appeals

Real Estate Tax Appeals

In our last newsletter, we mentioned that we had met a highly recommended individual who specializes in Property Tax Appeals.  Below is a primer on how the process works.

Each of the 159 county assessors’ offices in Georgia now automatically issue annual assessment notices to all parcel owners.  This is typically done between April 1st and June 30th with a 45-day window in which the property owner can file an appeal to contest the assessed value as determined by the County.   ...

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Getting Ready For An Appraisal

What does the appraisal report contain?

Each report must reflect a credible estimate of value and must identify the following:

The client and other intended users.
The intended use of the report.
The purpose of the assignment.
The type of value reported and the definition of the value reported.
The effective date of the appraiser’s opinions and conclusions.
Relevant property characteristics, including location attributes, physical attributes, legal attributes, economic attributes, the real property interest valued, and Non real estate items included in ...

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What Is A Home Appraisal?

A home purchase is the largest, single investment most people will ever make. Whether it’s a primary residence, a second vacation home or an investment, the purchase of real property is a complex financial transaction that requires multiple parties to pull it all off.

So who makes sure the value of the property is in line with the amount being paid? There are too many people exposed in the real estate process to let such a transaction proceed without ensuring that ...

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Can I combine my first and second mortgages?

Oftentimes it may seem like a good idea to refinance to combine a first and second mortgages. If you have enough equity to keep your combined loans under 80% of the appraised value of your home this may work. There are some considerations however.

If you’re existing 2nd mortgage was not used to originally to purchase the home, it will be considered a “cash out” refinance and the lenders will charge a .50 discount point one time fee. Just multiply .0050 ...

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