February 24, 2011 Leave a comment
In all of the years past, in order to initiate a real estate tax appeal, in a year where a county didn’t conduct a county wide reappraisal and automatically issue assessment notices, one had to file a real estate return. The return is known in GA as the PT50R form. Basically one puts the county where the property is located, on the top of the form, the parcel number and the physical address of the property. Address changes can be made on this form to notify the mapping department to change the mailing address of the owner if need be. At the bottom of the page, one would put what the county value was in the prior tax year then one would “return” what value he or she felt like his property ought to be valued at for tax purposes, for the current tax year. Sometimes the counties would “accept” the return value and issue a “21” day assessment letter where they reduced the value. If the 21 day letter value still wasn’t acceptable, an appeal letter could then be filed, or it could be accepted and the form or appeal letter had to be back in to the assessor’s office within 21 days. Or the county would not accept the value and they would issue an assessment notice and then the taxpayer had 30 or 45 days to file an appeal. For tax year 2011, and from here on out, it is not necessary to file a return. And unless something sold during tax year 2010, from what i have heard, the assessor’s offices aren’t going to pay attention to these return values and they are just going to send out the notices later this year. If something did sell last year, then a return would need to be filed to show who the grantor was and who the current grantee is with the correct address. If anyone has any questions or comments about returns etc., please contact me at firstname.lastname@example.org.