I just got back from the mailbox. Gwinnett County, in all of its wisdom, has determined that my house is worth about 12% more than last year…
Keep in mind that nearby homes have recently sold for under the price my wife and I paid for our home seven years ago. also keep in mind that the county in general has had a decrease in valuations as reflected in sale prices and median home prices.
I’ll be taking a hard look at the sales in the subdivision to see what the specific trends are and if this is a valuation I should fight.
So:
- If you haven’t had your property re-assessed lately… look for it. I would bet that as the growth in home prices has slowed, the county will be examining more properties to try to raise more money for the budget.
- If you need to access recent sales in your Gwinnett County neighborhood in order to see if you are inline with actual market value, feel free to contact me. I’ll be happy to forward the information you will need.
**I would like to make it perfectly clear that I am NOT an expert on disputing Gwinnett County Property Tax Assessments. I am a real estate agent. I will certainly be learning from this experience, and I will post what I learn. I will help in whatever ways I can for others that wish to dispute their new assessed value.**