Residential and rural property owners throughout Cherokee County will soon be receiving their annual property tax assessment notices as the Tax Assessors Office prepares to distribute the more than 100,000 notices.
Mailings were scheduled to begin Monday, with 104,394 real property notices and approximately 6,500 personal property notices set to be sent out. Commercial and industrial notices will be delayed until June 1, with an appeal deadline of July 16.
“Jan. 1 is the assessment date in Georgia, and we are required to pursue valuations that line up with all of the prior years’ sales values,” Cherokee County Chief Appraiser Steve Swindell said in a news release.
The assessment notices include the value assigned to a property to measure applicable taxes, as well as qualified exemptions, such as homestead and senior tax exemptions. Homeowners who do not agree with the value placed on their property will have a window of 45 days to appeal the amount, which will close on June 25.
According to information from the Tax Assessors Office, the county tax digest grew by 7.85%, to a little over $12 billion in total assessed value, of which about 4% is due to inflationary adjustments. When taxpayers receive their notices, they should see an average 4% value adjustment. Depending on the location or market of the property in the county, adjustments could be more or less than the average. Approximately 3.85% of the overall growth is attributed to new construction and new land subdivisions. The 2019 median residential property value is $285,100, and the average sale price was $300,000, with the 2020 values being based on 6,969 property sales in 2019.
“We understand that taxpayers will want their assessment values to reflect some of the economic effects of the COVID-19 pandemic,” Swindell said. “The trouble is, even as we look at sales that occurred after the Jan. 1 assessment date, our values continue to track downward as the market continued to accelerate after the first of the year. Even now, the real estate market remains relatively strong. We are required by law to assess properties each year as close to fair market value as possible, and we believe we have accomplished this goal for the 2020 digest. Any effects of the COVID-19 pandemic on the real estate market will be reflected in the 2021 tax digest.”
Homeowners wishing to file an appeal can find instructions for doing so on their assessment notice. For more information, contact the Cherokee County Tax Assessors Office at 678-493-6120, or at www.cherokeega.com/tax-assessors-office.