Every year we review sales by area or neighborhood. If the there is an indication based on sales that that our appraised values are out of line with what properties are generally selling for we then select that neighborhood or area to update the valuations to market. For 2008 approximately 55,000 change of assessment notices for real property were mailed in three (3) separate mailings. Of these assessment notices, approximately 40,000 parcels were selected for a value update and 15,000 were due to growth in the county.
On April 3, 2009, the Gwinnett County Board of Tax Assessors will mail approximately 68,000 real property Notices of Change in Assessment. This is the first of 3 notice mailings expected to reach a total of 75,000. Approximately 65,000 of the notices are from value updates and the remaining 10,000 notices result from new construction and tax returns filed.
"The appraisal staff has been working diligently to review all sales to select the best course of action to take on every neighborhood, area or property type. We have considered foreclosures and bank sales in the 2009 valuation process. We have reviewed the market transactions in all of the County's 1,400 neighborhoods and have made changes where indicated. Most property owners receiving notices will see value decreases for 2009."
60,000 of the notices issued for residential property will show an average value decrease of 11% or $25,000 of market value. The sum of all of the decreases for residential property is approximately $1.5 billion of market value.
We had previously seen a marked increase in the number of Real Property Tax Returns filed before the March 1 deadline. "Almost 45% of the Property Tax Returns received were within neighborhoods already being adjusted downward for 2009"
Appeals from the Notices of Change in Assessment must be filed within 30 days from the date on the notice. All appeals must be in writing and either USPS stamped or hand delivered within the 30 day period. Once the appeal is filed a staff appraiser will review the additional information, make changes if necessary and the Board will notify the property owner the results of the appeal review.
The deadline to appeal the valuations contained in the notices will be 30 days from the date of the notice. The assessment notices will explain how to make an appeal. If you have questions about the assessment notices, please read the list of frequently asked questions (FAQs).
If you have questions about your appraisal, please feel free to contact the Tax Assessor's Office at 770.822.7200 or
assessor@gwinnettcounty.com.