Property Taxes

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

O’Connor ratio research shows that the median time-adjusted sales price for a typical residence in Glynn County, Georgia is $325,000, but the median assessed value is $301,600, which is $23,400 more than the market price. As a result, much residential property in Glynn County is overvalued. The research study compares the time-adjusted sales price with … Read more

According to an O’Connor ratio analysis, the median time-adjusted sales price for the typical home in Gwinnett County, Georgia is $370,000, but the median appraised value is $378,700, which is $8,700 more than the market price. This means the average Gwinnett County residential property is overvalued by 2.7%. The analysis contrasts the time-adjusted sales price … Read more

Commercial property owners in Forsyth were shocked to receive 2023 property tax assessments 35.8% higher than in 2021. Owners of hotels and warehouses received the largest increases; both over 130% in 2023. Property tax assessments for hotels rose 164% in one year; from $13.8 million in 2022 to $36.5 million in 2023. Property tax assessments … Read more

A review of Chatham County 2023 property tax assessments reveals an average increase of 87% per house. Houses valued between $500,000 and $750,000 had the largest increases in property tax assessments; an unbelievable 147.7% increase in one year! This analysis was conducted by O’Connor. Homes valued between $250,000 to $500,000 were also increased over 100%; … Read more

Chicago property tax assessments are skyrocketing for homeowners, with some seeing increases over 100%.  For the fourteen Cook County townships reviewed, residential property tax assessments increased most in Calumet, a whopping 54.5%.  The townships reviewed include Barrington, Berwyn, Calumet, Hanover, Oak Park, River Forest, Riverside, Rogers Park, Lemont, New Trier, Orland, and Schaumburg.  Six of … Read more

Can you assume that the Cook County Assessor’s estimate of market value for your home is accurate and reflects the actual market value?  In many cases, the answer is no.  Some homes are substantially overvalued based on recent sales transactions.  Other homes are substantially undervalued. Please see the tables below.  We provide the address for … Read more