Do you live in Forsyth County and recently received a "Change of Assessment Notice" from the Tax Assessors office? As a general rule, Forsyth County residents have seen this notice annually as the fair market value of our homes have seen an increase in the past several years. This recent notice is the change in value of your home for the period of Jan. 1, 2007 - Dec. 31, 2007. While Forsyth County still shows home values on the rise in 2007, many homeowners know that their property saw a decline or no increase in their property value in 2007. For instance, I purchased my home in September of 2007, and the Forsyth County Tax Assessors office appraised it at a Fair Market Value of $10,000 more than what we paid. Home sales dropped in our subdivision from September through December, so I know the value did not rise.
The great news is that Forsyth County encourages homeowners to check their property values and file an appeal to change the assessment on their home if it is shown that their fair market value differs from the county's appraisal. You should have received instructions on how to file an appeal within your Change of Assessment Notice. Time is of the essence, as you only have 45 days after the date of notice to file your appeal. For more information, contact the Tax Assessors office at 770-781-2106.
Labels: forsyth county, property tax, tax assessor