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Property value assessments being mailed

  • By Joe Adgie
  • |
  • Jun. 20, 2022 - 4:19 PM

Property value assessments being mailed

The Newnan Times-Herald

Property value assessments are being mailed to every property owner in Coweta County, and property values are likely going up compared to past years.

The assessments include the assessed value of a property and what the estimated property taxes could be for property owners.

The assessments are not, however, a final tax bill. No final millage rate has been approved by the Coweta County Board of Commissioners.

In the assessment letter, property owners should expect to see their property value from 2021 and 2022, along with any exemptions that may exist, and an estimated tax bill from last year’s millage rate.

“There’s quite possibly going to be a rollback on the millage, so it may not affect it as much as that estimated tax bill could reflect,” said Coweta County’s Chief Tax Appraiser, Dean Henson.

Usually, the current millage rate is voted on in August.

Henson said the county had to reassess the value of properties due to the increase in property values across the state.

“We did a reevaluation of sorts, just revalued properties because of the increase of values that’s going on statewide,” Henson said. “We’ve seen an increase in value in residential, commercial and industrial.”

“We have a program in our database, our appraiser program, that does a quick number of price per square foot sale on residential properties from Jan. 1, 2021 to Dec. 31, 2021, and that average number went from $100 to $124 per square foot. Each property’s different. Every house and lot is not the same, so an average in our sales per square foot, just taking sales price divided by square foot, it’s that change in 2021, and that’s what we work on.”

Henson said that all valuations of properties are as of Jan. 1 of the current year.

“So everything that occurred in 2021 should reflect the fair market value of Jan. 1, 2022. That’s what our notice value reflects, is what the fair market value should be on Jan. 1, 2022.”

If a property owner disagrees with the assessed value of their property, they have different options.

“Their options are, number one, call in the office; we can talk with their appraiser, go through the information, and going through that information, (if) they still want to appeal that value, they can write a letter of appeal and begin that process.”

There is a handful of grounds for appeal for property owners which include value, uniformity, taxability, denial of exemption, breach of covenant or denial of covenant. The amount of taxes due because of property value is not grounds for appeal.

An online option for appeals is also available and starts on Monday morning at 8 a.m. It will run until 5 p.m. Aug. 1.

The deadline for appealing a property valuation is Aug. 1. A letter of appeal must be postmarked on or before Aug. 1 for Coweta County to consider it.