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Old 01-15-2010, 12:56 PM
 
1 posts, read 2,400 times
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We are filing for homestead and would like to confirm if the fair market value would be our purchase price.

What is the process if we would like to change the assessed value of our home in fulton county?
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Old 01-16-2010, 05:10 PM
 
Location: Inman Park (Atlanta, GA)
21,871 posts, read 13,428,699 times
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Yes I believe so.
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Old 01-17-2010, 09:18 PM
 
Location: Johns Creek, GA
151 posts, read 343,628 times
Reputation: 101
Homeresearch,

As a real estate agent I can tell you that fair market value & purchase price are different. Fair market value means the price your home would sell for if you sold it today. The best advice I can give you is to hire an appraiser to evaluate your homes current value. Best wishes!
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Old 01-17-2010, 09:40 PM
 
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We had our assessed value changed last year because it was way more than what it should have been. We basically went by our appraised value and also looked at the sold records of our neighborhood, especially houses that were similar to ours. We had to file an appeal to the assessed value that the tax assessor made on our home and provide documentation of recent sold homes in our neighborhood, our appraisal, and type a letter that stated why we should have a decrease and what we felt that it should be. After that they reassessed our home twice as we appealed the first re-assessment.

You can find detailed info on how to go about the process at the fulton county tax assessor website. You can just google fulton county tax assessor GA and it will come up.
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