Frequently Asked Questions
What is the fair market value of my property of which I am being assessed and how can I find out this information?
The Fulton County Tax Assessors make a determination of your property value and submit this information to the Tax Commissioner’s Office. The Tax Commissioner then generates a tax bill based on the FMV and sends to the property owner. The County’s assessment of the FMV of properties can be found on the County Tax Assessor’s website under the real estate property search.
What is the difference between the County Tax Assessor and the County Tax Commissioner?
The County Tax Assessor performs property assessments to determine the Fair Market Value (“FMV”) of the property. The FMV is determined by the subject property’s recent sales price or recent sales of like “uniformed” properties in the neighborhood or area. Then the assessed value is calculated from the FMV. The assessed value is 40% of the FMV.
The County Tax Commissioner determines the County’s tax digest based on the cost of County services, education and needed improvements. Once the tax digest is determined, the Commissioner knows how much revenue is required to cover the associated costs. Then the millage rates are calculated to distribute the collected revenues to the appropriate areas of government.
How are my taxes calculated?
Once the County Tax Assessor has determined your property’s FMV your assessed value is then determined by multiplying the FMV by .40 or 40%. That information is sent to the County Commissioner at which point the predetermined millage rates are multiplied with the assessed value and the tax amount is calculated.
What are the duties of the Board of Assessors?
- Appraise all real and personal property
- Process exemption applications
- Process property appeals
- Maintain records of property ownership
- Maintain property tax maps
- Prepare real and personal property tax digest annually
What are the duties of the Tax Commissioner?
- Calculate and print tax bills
- Collect taxes
- Distribute tax monies to the County, School Boards, City of Atlanta, and other municipalities
- Process motor vehicle tag applications & renewals
How is the fair market value defined?
Fair market or appraised value is the amount a willing seller would sell and a willing buyer would purchase for property in an arm’s length transaction.
What is the assessed value of a property?
Assessed value is 40% of the fair market value.
Who sets the millage rate or tax rate?
The Board of Commissioners, Atlanta & Fulton County School Boards, and city governing authorities set the millage rate.
When do I apply for Homestead exemption or any other exemption?
You can apply for homestead exemption at anytime. However, you must apply between January 1st and April 1st for the exemption to be effective for the current year. Applications received after April 1st will be processed for the following year.
Who Qualifies for Homestead exemption?
If you are the owner and reside at the property on January 1st, you qualify for Homestead Exemption that year.
Do I have to apply for Homestead exemption every year?
No. Once granted Homestead exemption, you do not have to reapply again unless there is an ownership change on the property or if you move to a different property that you claim as your primary residence.
How much money do I save if I qualify for a regular Homestead exemption?
If you live in unincorporated Fulton County, you save approximately $600 in property taxes with a basic exemption. If you reside in the City of Atlanta, a basic exemption saves approximately $1,200. Note that these are average savings based on a basic exemption.
If I own more than one property, can I get a Homestead exemption on more than one property?
No. It is illegal to have more than one Homestead Exemption. You can only receive an exemption on the home you consider your primary residence.
Is the assessment notice I received the same thing as my property tax bill?
No. The assessment notice is not a bill. Although Georgia law requires that the assessment notice give an estimated tax amount, its primary purpose is to advise of your property’s appraised value as established by the Board of Assessors. Do not send payments until you receive a tax bill from the Tax Commissioner.
Why won't the numbers on the Property Tax Assessment Notice match my property tax bill exactly?
State law requires that counties use the previous year’s millage rates to estimate taxes on the assessment notice. Any change in millage rates by a taxing authority could create a change in your property tax bill. An increase or decrease in your property value could also create a change in your tax bill, even if the millage rates stay the same.
Can I appeal my property taxes if I think the bill is too high?
No. You cannot appeal your property taxes. You can appeal your property value within 45 days of any assessment notice.