Forsyth County Residents: Here are the basics to property taxes in your county.
Property is assessed and billed to the owner as of January 1st of each year. The Board of Tax Assessors is responsible for determining what real and personal property is subject to taxation in Forsyth County, and estimating the market value. They compile the tax digest and administer the various types of homestead exemptions. The Tax Commissioner is then responsible for the billing and collection of taxes.
Each taxpayer may file a property tax return between January 1st and April 1st of each year. This gives you an opportunity to state, to the Board of Tax Assessors, your opinion of value, and to inform them of any changes or factors you consider relevant to the valuation of your property. Tax returns and appeals must be filed in writing. Filing a return does not grant an appeal. It will begin the process of review by the Board of Tax Assessors.
If you are a new property owner, file a tax return or make a change in your property, you will receive a change of assessment notice around May of each year. If you disagree with the valuation on the notice you will have 45 days from the date of the notice to file an appeal.
Once you receive your tax bill it is too late to appeal the value, and there is no legal process to appeal the amount of taxes.
While valuation of your property is a part of the formula for calculating taxes, the Board of Tax Assessors doe not determine the amount of taxes you pay. This is determined by the millage rate that is set by the Board of Commissioners and the School Board.
Check back for more information on Forsyth County Property Taxes as we look into the different exemptions you may be eligible for.
Labels: board of commissioners, Board of tax assessors, exemption, forsyth county, property tax, school board, tax commissioner
