The findings of the O’Connor ratio research on the median time-adjusted sales price for an average homeowner in Fulton County, Georgia is $363,000, but the median assessed value is $368,500, thus being $5,500 higher than the market price. As a result, much residential real estate in Fulton County is overpriced. The research investigation analyzes the time-adjusted sales price to the value allocated by the Fulton County tax assessor for 2023. The market value of an average residence in Fulton County has gone up by 16.2%, but residences under $250K have suffered the most, spiking by 19.9%. Homes valued above $1.5 million are also seeing a likely unwelcome boost in the form of 18.7% higher appraisals for 2023. Fulton County single-family houses with fewer than 2,000 square feet have witnessed the most dramatic increases of over 18%. Property tax appraisals for homes more than 8,000 square feet increased by 17.6%, while... Read More

Property tax assessments for commercial property owners in Fayette for 2023 were 15.8% higher than 2022. The biggest hikes in 2023 went to hotels and landowners; both were over 20%. Land assessments for property taxes rose 82.6% in a single year, from $95.4 million in 2022 to $174.2 million in 2023. Fayette’s property tax assessments for hotels rose from $49.6 million in 2022 to $60.1 million in 2023, a 21.2% increase. In Fayette County, the total value of commercial property climbed from $1.68 billion in 2022 to $ 1.94 billion in 2023. Apartments, offices, shops, warehouses, hotels, and land are included in these property types. O’Connor, who is among the nation’s largest property tax consultants, studied data provided by Fayette County, GA to develop this analysis. Comparing Fayette County commercial increase to the analysis of the Green Street real estate firm. Commercial property value trends, according to Green Street, are... Read More

Owners of commercial property in Coweta were assessed property tax values for 2023 that were on average 20% higher than those for 2022. Landowners and hotels saw the highest increases in 2023; both were above 10%, but a single year saw a 44.1% increase in land assessments for property taxes, from $601.2 million in 2022 to $866.4 million in 2023. The property tax assessments for hotels in Coweta increased by 10.8% from $61.4 million in 2022 to $68.1 million in 2023. The total value of commercial real estate in Coweta County increased from $1.72 billion in 2022 to $2.06 billion in 2023. This includes dwellings, businesses, stores, warehouses, lodging establishments, and land. These figures were prepared by O’Connor, a subject matter expert in property tax. The significant rises in commercial property assessments are at odds with valuation trends that the Green Street real estate business reported in the Wall Street... Read More

O’Connor’s review of 2023 data released by Clayton County, Georgia indicates that the median time-adjusted buying price for a typical home in Clayton County, Georgia, is $220,000 overall. Surprisingly, the median assessed worth is $4,600 more expensive than the asking price of $215,400. As a result, residential real estate in Clayton County is overvalued by 1.4%. In this study, the time-adjusted sales price is contrasted with the 2023 tax assessor value for Clayton County. A median property in Clayton County has increased in value by 24.3%, but residences over the $1.5M price range have been impacted harder, seeing their homes growing in value by 48%. Homeowners in the $250K to $500k price bracket are also experiencing the burden as a result of 25.4% higher evaluations for 2023. In Clayton County, single-family houses with fewer than 2,000 square feet have seen the most gain in value. Property tax assessments increased by... Read More

O’Connor performed a ratio analysis on Cobb County, Georgia property values, finding the typical home’s median time-adjusted sales price is $363,000. Additionally, the median assessed value is $373,050, $11,050 more expensive than the going rate for the average home. As a result, the typical Cobb County residential property is overvalued by 3.2%. The analysis compares the time-adjusted sales price to the Cobb County tax assessor’s projected value for 2023. Cobb County’s average value has climbed by 16.9%, but residences valued above $1.5 million have been impacted worse, seeing a 19.3 %increase in value. Appraisals for homes in the $250K to $500K bracket are 17.6% higher for 2023, which is hurting those properties as well. The highest increases in property tax assessments occurred in the properties with the smallest square footage. Property tax assessment increases were 20.5% for homes under 2,000 square feet, while properties exceeding 8,000 square feet saw an... Read More