The Whisper Of Clayton County, GA

Real Estate Views Through The Eyes Of Your Local Real Estate Professional

Archive for May, 2007

To Appeal or Not Appeal

Posted by Chris Bradford on May 19, 2007

To Appeal or Not Appeal

 

Every year you get a statement from the county government telling you how much they feel your property is worth and, based on that, how much your property taxes are going to be. If you are like most property owners, you see your tax value creeping up each year, sometimes taking a huge leap.

 

After a while, you begin to feel the county has your property valued too high and think you might need to appeal the county’s valuation. This is when you discover what disadvantage property owners are really under.

 

Let’s assume that you feel your house is worth about $150,000 but the county says they feel it is worth $180,000. In most counties (but not all) in Georgia, your property taxes are based on 40% of the value, or in this case $72,000.

Read the rest of this entry »

Posted in General Real Estate | 1 Comment »

Is Real Estate In Clayton County Dead?

Posted by brandebradford on May 3, 2007

It really depends on who you ask?  If your asking a seller who has had a home on the market for over a year, yes, the market is dead.  If you ask a real estate agent, who isn’t selling anything, yes it is dead.  If you ask an agent who is selling several homes a month, the real estate market is alive and well!

Why the difference?  You have to be able to understand and adjust with the market.  Property values are low right now everywhere. So, you must adjust your asking price to reflect fair market value. Read the rest of this entry »

Posted in Uncategorized | 3 Comments »