Property worth assessments being mailed

Property worth assessments are being mailed to each property proprietor in Coweta County, and property values are possible going up in comparison with previous years.

The assessments embody the assessed worth of a property and what the estimated property taxes may very well be for property house owners.

The assessments aren’t, nevertheless, a last tax invoice. No last millage charge has been accepted by the Coweta County Board of Commissioners.

Within the evaluation letter, property house owners ought to count on to see their property worth from 2021 and 2022, together with any exemptions which will exist, and an estimated tax invoice from final 12 months’s millage charge.

“There’s fairly probably going to be a rollback on the millage, so it might not have an effect on it as a lot as that estimated tax invoice might replicate,” mentioned Coweta County’s Chief Tax Appraiser, Dean Henson.

Normally, the present millage charge is voted on in August.

Henson mentioned the county needed to reassess the worth of properties as a result of improve in property values throughout the state.

“We did a reevaluation of kinds, simply revalued properties due to the rise of values that’s happening statewide,” Henson mentioned. “We’ve seen a rise in worth in residential, industrial and industrial.”

“We now have a program in our database, our appraiser program, that does a fast variety of value per sq. foot sale on residential properties from Jan. 1, 2021 to Dec. 31, 2021, and that common quantity went from $100 to $124 per sq. foot. Every property’s totally different. Each home and lot shouldn’t be the identical, so a median in our gross sales per sq. foot, simply taking gross sales value divided by sq. foot, it’s that change in 2021, and that’s what we work on.”

Henson mentioned that each one valuations of properties are as of Jan. 1 of the present 12 months.

“So all the things that occurred in 2021 ought to replicate the honest market worth of Jan. 1, 2022. That’s what our discover worth displays, is what the honest market worth needs to be on Jan. 1, 2022.”

If a property proprietor disagrees with the assessed worth of their property, they’ve totally different choices.

“Their choices are, primary, name within the workplace; we will discuss with their appraiser, undergo the knowledge, and going via that info, (if) they nonetheless wish to enchantment that worth, they’ll write a letter of enchantment and start that course of.”

There’s a handful of grounds for enchantment for property house owners which embody worth, uniformity, taxability, denial of exemption, breach of covenant or denial of covenant. The quantity of taxes due due to property worth shouldn’t be grounds for enchantment.

A web-based possibility for appeals can also be obtainable and begins on Monday morning at 8 a.m. It can run till 5 p.m. Aug. 1.

The deadline for interesting a property valuation is Aug. 1. A letter of enchantment should be postmarked on or earlier than Aug. 1 for Coweta County to think about it.