The “vast majority” of Cobb County homeowners will be getting higher property tax assessments this year.
That’s what Stephen White, the chief appraiser for the Cobb Board of Tax Asessors, said this week as his office begins sending out assessment notices.
As we noted in a previous post about a projected 13 percent increase in the Cobb tax digest, much of that is due to a “red-hot” real estate market.
A related factor in determining the assessment of a home is the relative value of home sales in a neighborhood or area.
In an interview with Cobb government public information officer Ross Cavitt (video below), White said those assessments are going out by the end of this week and early next week.
Of more than 240,000 residential properties his office has assessed, White said around 180,000 of them will have higher assessments than 2022, when Cobb had a record tax digest of $50 billion.
Since 2018, White said the average home sale in Cobb has grown by around 50K a year, from $289K to $453K in 2022.
“The market has been really, really hot, so the increases can be rather large,” White said.
He encouraged homeowners to go to the Cobb Tax Asessor’s website to look at home sales in their area, “and that will help you feel if our value is appropriate or not.”
The assessments are valued at what the assessor’s office thinks a home could have been sold for on Jan. 1, 2023.
“The value you’re receiving for your assessment in May, we’re looking at sales that occurred in the 2022 calendar year,” White said.
Some home sales have tapered off in early 2023, and the state is offering some tax relief in the form of a one-time reduction in assessment value of $18,000 for most tax levies.
Cobb Tax Commissioner Carla Jackson said that’s called the Property Tax Relief Grant, and for property owners in unincorporated Cobb that grant would be applied to what they would pay for the county general fund and fire fund and Cobb County School District taxes.
The Cobb Board of Education next week is expected to adopt a fiscal year 2024 budget with a proposed millage rate cut.
The school millage rate produces the largest portion of a Cobb homeowners’ property tax bill, and those age 62 and over (except in the city of Marietta) can apply for a senior exemption from paying school taxes.
White said homeowners who wish to appeal their assessments have 45 days to do so from the mailing date, and the deadline to do so is included in their assessment.
He said around 1-2 percent of homeowners appeal their assessments.
Those appeals are reviewed by his office, which issues a recommendation to the Cobb Board of Tax Assessors, an appointed body that decides those appeals should be changed or not.
“If they’re still unhappy, they can go to the Board of Equalization, which would be later on in the year,” White said of the citizen-appointed body that is the ultimate venue for property tax determinations. It is separate from the tax assessor’s office and members are chosen by members of a Cobb grand jury.
Property tax bills will be mailed in October, after appeals are determined and when the Cobb County fiscal year 2024 budget has gone into effect.
Related:
- Cupid, public commenters spar over ‘State of Cobb’ address
- Cobb tax digest expected to grow by 13 percent in 2023
- Cobb to seek national historic designation for Hyde Farm
- Gritters Library project to proceed with $1M in ARPA funding
- Cobb ethics board dismisses complaint against Richardson
- East Cobb resident, commissioner, file redistricting lawsuit
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There seems to be evidence of tremendous growth in the county. Too many apartment complexes to count, office buildings and strip malls. Everyone of them new to the Cobb County tax rolls. Surely they pay property taxes that enable new police, fire and EMT’s to be hired. Streets to be repaired & so on. Existing property taxes should not be raised 13 % simply because real estate prices have gone up. Reduction of the millage to keep taxes stable is the best solution.
Don …
My property tax has increased much more than my income over the last 20 years. I’m not getting any more for my money, however. But the school board sure has been on a building spree.
From my experience, if you file an appeal with the Board of Equalization, be prepared…to be treated badly! From the start, it appeared they didn’t want to be there, and the outcome seemed to be pre-determined. The woman trying to justify the assessment, was one of the rudest public employees I have ever encountered. After she asked my age, her main focus seemed to be that I could file for the School Tax Exemption, the next year. Nothing to do with the home’s value, but she kept bringing it up. To deny, she used recent, nearby sales. All had extensive renovations. Mine needed extensive renovations, including the foundation. Pictures did not matter… ‘all we use are the sale prices’.
In the meantime, the amount of continuing development resulting in green space devastation and more and more traffic is reducing the quality of life in the county. This while property tax assessments go up and up.