Property Tax Reduction Blog

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 … 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 … 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 … 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 … 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 … Read more