Tuesday, May 22, 2012
© Copyright 2014
Gwinnett Daily Post
LAWRENCEVILLE -- Owners of more than 20,000 properties have asked county officials for a new look at their assessments for taxes.
The majority of Gwinnett residents had a deadline of Monday to file a notice of appeal for the assessment, which determines how much people will pay in property taxes, although, due to an error, homeowners in Buford have another two weeks to file paperwork.
While some appeals are expected to continue to come in the mail, officials said 18,662 residential appeals have been filed, with another 3,636 commercial appeals. The number is well below the more than 30,000 appeals filed in 2011.
Information about the values questioned in the appeals was not immediately available.
Property assessments have been controversial in Gwinnett for decades, although tales of drastic increases during high growth years have recently turned to dips due to the housing market collapse.
Earlier this year, Gwinnett's Chief Appraiser said about 80,000 homes showed a decrease in value at an average of 22 percent. The drop caused a $2.5 billion adjustment in the residential market value for the county.
Because of the downward trend, officials planned for an 8.3 percent decrease in taxable value for properties, or about $2.1 billion, when the governments 2012 budget was adopted.