Sb 346 primer
Download
1 / 101

SB 346 Primer - PowerPoint PPT Presentation


  • 570 Views
  • Uploaded on

SB 346 Primer. SB346 Primer Contents. OCGA 48-5-2: Definitions of FMV OCGA 48-5-18: Return of Property OCGA 48-5-306: Annual Notice of Assessment OCGA 48-5-311: Appeals Procedures OCGA 48-5-380: Refunds OCGA 48-5-303: Corrections to digest

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'SB 346 Primer' - Jimmy


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Sb 346 primer l.jpg

SB 346 Primer

FASTER. FRIENDLIER. EASIER.


Sb346 primer contents l.jpg
SB346 Primer Contents

  • OCGA 48-5-2: Definitions of FMV

  • OCGA 48-5-18: Return of Property

  • OCGA 48-5-306: Annual Notice of Assessment

  • OCGA 48-5-311: Appeals Procedures

  • OCGA 48-5-380: Refunds

  • OCGA 48-5-303: Corrections to digest

  • OCGA 48-5-304: Digest Submission when property under appeal

  • OCGA 48-5-32.1: Roll-Back Millage

  • OCGA 48-2-18: PU Assessments

  • OCGA 48-5-291: BOA Qualifications

  • OCGA 48-5-13: GCP Training

FASTER. FRIENDLIER. EASIER.


Contact information l.jpg
Contact Information

  • Vicki Lambert

    • [email protected]

  • Gregg Reese

    • [email protected]

  • Tracy Thomas

    • [email protected]

FASTER. FRIENDLIER. EASIER.


Acronyms l.jpg
Acronyms

  • BOA = Board of Assessors

  • BOE = Board of Equalization

  • TCO = Tax Commissioners Office

  • TAO = Tax Assessors Office

FASTER. FRIENDLIER. EASIER.


Definitions of fair market value l.jpg

Definitions of Fair Market Value

OCGA 48-5-2

FASTER. FRIENDLIER. EASIER.


Fmv defined l.jpg
FMV Defined

  • New definitions

    • “Arms length bona fide sale”

      • Transaction carried out by unrelated or unaffiliated parties, as by a willing buyer and a willing seller, each acting in his or her own self-interest, including, but not limited to a distress sale, short sale, bank sale, or sale at public auction.

FASTER. FRIENDLIER. EASIER.


Fmv defined7 l.jpg
FMV Defined

  • “We should still be looking for FAIR MARKET VALUE we now have new guidance on how to achieve FMV”

FASTER. FRIENDLIER. EASIER.


Fmv defined8 l.jpg
FMV Defined

  • New Considerations

    • The income approach, if data is available, shall be considered in determining the fair market value of income-producing property

  • Think about …

    • Forest land, Farm land, Single-Family Residences

  • TAO should be prepared to evaluate the validity of the income approach data submitted by taxpayer

FASTER. FRIENDLIER. EASIER.


Fmv defined9 l.jpg
FMV Defined

  • The BOA shall apply the following

    • Zoning

    • Use

    • Covenants and Restrictions in the deed

    • Bank sales, other financial institution owned sales, distressed sales, any combination thereof

    • Decreased value resulting from conservation easements

    • Any other factors provided by law or by rule and regulation of the commissioner deemed pertinent in arriving at fair market value

FASTER. FRIENDLIER. EASIER.


Fmv defined10 l.jpg
FMV Defined

  • APM defines existing factors pertinent as:

  • The other factors the appraiser shall apply include, but are not limited to, environmental, economic, governmental, and social factors. Site-specific information that may be considered includes, but is not limited to, location, frontage, width, depth, shape, size, topography, landscaping, slope, view, drainage, hydrology, off-site improvements, soil condition, soil productivity, zoning, absorption, nuisances, use, covenants, neighborhood, corner influence, proximity to recreational water, and quality of access

FASTER. FRIENDLIER. EASIER.


Fmv defined11 l.jpg
FMV Defined

  • New Considerations

    • The transaction amount of the most recent arm’s length, bona fide sale in any year shall be the maximum allowable FMV for the next taxable year.

      • MAV rules still apply

    • ‘Most Recent Arms Length Sale’ defined by APM

FASTER. FRIENDLIER. EASIER.


Most recent arms length sale l.jpg
Most Recent Arms Length Sale

  • Sales occurring during year prior to digest year

    • 2011 digest >> 2010 sales

    • 2012 digest >> 2011 sales

  • Transaction amount adjusted for non-real estate values (timber, personalty, etc)

  • Adjusted transaction amount applies only to exchanged property

  • The adjusted value of real estate shall remain in effect for at least the next digest year

FASTER. FRIENDLIER. EASIER.


Examples l.jpg

MAV County

FMV = 100,000

MAV = 75,000

Return = 50,000

SP = 60,000

Digest = 60,000

MAV County

FMV = 100,000

MAV = 100,000

Return = 110,000

SP = 120,000

Digest = 100,000

Examples

FASTER. FRIENDLIER. EASIER.


Allowable adjustments to transaction value l.jpg
Allowable Adjustments to Transaction Value

  • New improvements after sale date

  • Additions to existing (exchanged) improvements (structural footprint changes)

  • Major remodeling/renovations (no footprint change)

    • What is major? If you have to ask, it aint.

  • Land adjustments due to consolidation, new surveys, zoning, land use

FASTER. FRIENDLIER. EASIER.


Example l.jpg
Example

  • Sale of vacant lot 2/2010 = 40,000

    • Site prep (4/2010) = 5,000

    • House add (8/2010) = 200,000

    • Digest value?

  • $245,000

FASTER. FRIENDLIER. EASIER.


Example16 l.jpg
Example

  • Sale of vacant lot 1/2010 = 40,000

    • Site prep (7/2009) = 5,000

    • House add (8/2010) = 200,000

    • Digest value?

  • $240,000

FASTER. FRIENDLIER. EASIER.


Example17 l.jpg
Example

  • Sale of vacant tract 4/2010 = 750,000

    • Timber value = 150,000

    • House add (8/2010) = 200,000

    • Digest value?

  • $800,000 (750,000 – 150,000 + 200,000)

FASTER. FRIENDLIER. EASIER.


Example18 l.jpg
Example

  • Sale of vacant tract 3/2010 = 750,000

    • MAV = 700,000

    • Timber value = 150,000

    • Digest value?

  • $600,000

FASTER. FRIENDLIER. EASIER.


Example19 l.jpg
Example

  • Sale of vacant tract 5/2010 = 750,000

    • MAV = 500,000

    • Timber value = 150,000

    • House add (8/2010) = 200,000

    • Digest value?

  • $700,000 (500,000 + 200,000)

FASTER. FRIENDLIER. EASIER.


Example20 l.jpg
Example

  • Sale of cut-over woodland tract 3/2010 = 900,000 (1000 acres)

    • Land cleared for row-crop use (3/2010) (cost $1000/ac)

    • MAV = 800,000 (woodland=800/ac)

    • Crop $/ac = $1500

    • Digest value?

  • $1,500,000 (1000 acres @ $1500/ac)

FASTER. FRIENDLIER. EASIER.


Example21 l.jpg
Example

  • Sale of cut-over woodland tract 2/2010 = 700,000 (1000 acres)

    • Land cleared for row-crop use (3/2010) (cost $1000/ac)

    • MAV = 800,000 (woodland=800/ac)

    • Crop $/ac = $1500

    • Digest value?

  • $1,400,000

    • Cropland 1500 – woodland 800 = 700/ac improvements

    • (1000 acres @ $700/ac) = 700,000 of improvements

    • 700,000 of land exchanged in sale

FASTER. FRIENDLIER. EASIER.


Other considerations to transactions l.jpg
Other Considerations to Transactions

  • Property Component Allocation

    • Sale price = 200,000

    • MAV = 400,000 (300 House, 100 land)

    • Allocated SP = 150,000 house, 50 land

FASTER. FRIENDLIER. EASIER.


Other considerations to transactions23 l.jpg
Other Considerations to Transactions

  • Multiple parcel transfers

    • Sale price = 2,000,000

    • 1 Strip Center MAV = 3,000,000 (95.21%)

    • 1 Out parcel MAV = 150,000 (4.76%)

    • 1 retention pond = 1,000 (0.03%)

  • Digest allocation

    • Strip = 1,904,157

    • Out Parcel = 95,208

    • Pond = 635

FASTER. FRIENDLIER. EASIER.


Other considerations to transactions24 l.jpg
Other Considerations to Transactions

  • Splits

    • Original Parcel, 100 acres, MAV = 850,000

    • Split 5 acres sold at 80,000

    • Split 5 acres schedule value = 50,000

    • Digest value of split?

      • $50,000

    • Digest value of parent?

      • $8500 * 95 acres = $807,500

FASTER. FRIENDLIER. EASIER.


Other considerations to transactions25 l.jpg
Other Considerations to Transactions

  • Property Component Allocation

    • Sale price = 200,000

    • MAV = 400,000 (300 House, 100 land)

    • Allocated SP = 150,000 house, 50 land

    • CUV land value = 52,000

    • What is digest value?

FASTER. FRIENDLIER. EASIER.


Other considerations to transactions26 l.jpg
Other Considerations to Transactions

  • Splits

    • Original Parcel, 100 acres, MAV = 850,000

    • Split 5 acres sold at 80,000

    • Split 5 acres schedule value = 150,000

    • Digest value of split?

      • $80,000

    • Digest value of parent?

      • $8500 * 95 acres = $807,500

FASTER. FRIENDLIER. EASIER.


Other considerations to transactions27 l.jpg
Other Considerations to Transactions

  • Adjustments for Intangibles

    • Saleprice of Zaxby’s = $485,000

      • Franchise = $35,000

      • Lot = $100,000

      • Building = $250,000

      • PP fixtures = $150,000

      • Total = 535,000

    • SP less non-real estate items

      • $485,000 less 35,000 less 150,000 = 300,000

    • Land + Building MAV = 350,000

      • Land = 37.50%, building = 62.50%

    • Adjusted Transaction Amounts

      • 300,000 * 37.50% = 112,500

      • 300,000 * 62.50% = 187,500

FASTER. FRIENDLIER. EASIER.


Examples28 l.jpg
Examples …

  • 3/2010 FM Sale = 45,000

  • 7/2010 FM Sale = 65,000

  • 11/2010 Odd Financing Sale = 130,000

  • Digest Value?

    • 65,000

FASTER. FRIENDLIER. EASIER.


Examples29 l.jpg
Examples …

  • 2009 BOE – 75,000

  • 2010 SP – 80,000

  • 2011 Digest value?

    • 75,000

FASTER. FRIENDLIER. EASIER.


Examples30 l.jpg
Examples …

  • 2009 BOE – 90,000

  • 2010 SP – 80,000

  • 2011 Digest value?

    • 80,000

FASTER. FRIENDLIER. EASIER.


Examples31 l.jpg
Examples …

  • 2010 FMV – 150,000

  • 2010 MAV – 100,000

  • 2010 SP – 120,000

  • 2010 BOE – 120,000

  • 2011 Digest value?

    • 100,000

FASTER. FRIENDLIER. EASIER.


Examples32 l.jpg
Examples …

  • 2010 FMV – 120,000

  • 2010 MAV – 100,000

  • 2010 SP – 90,000

  • 2010 BOE – 120,000

  • 2011 Digest value?

    • 90,000

FASTER. FRIENDLIER. EASIER.


Return of property l.jpg

Return of Property

FASTER. FRIENDLIER. EASIER.


Return of property34 l.jpg
Return of Property

  • Deadline for return of property for all counties in Georgia is now APRIL 1st

  • Do not discourage your taxpayers from filing returns.

FASTER. FRIENDLIER. EASIER.


Annual notice of assessment l.jpg

Annual Notice of Assessment

FASTER. FRIENDLIER. EASIER.



Annual notice of assessment37 l.jpg
Annual Notice of Assessment

  • BOA shall give notice to:

    • Taxable Real property, all of it, changed or unchanged

    • Personal property whereby the property owner’s return value is changed by BOA

      • Return value is either previous value or the property owner’s actual stated return value

FASTER. FRIENDLIER. EASIER.


Annual notice of assessment38 l.jpg
Annual Notice of Assessment

  • NOA must be sent by:

    • July 1st if the value does not change

    • July 1st deadline does not apply to mapping changes or corrections

  • Must use PT-306 form

    • Includes estimated tax for each levy authority

    • Strongly recommend inclusion of exemptions and fees

  • Emergency rule adopted and form available on website at

    • https://etax.dor.ga.gov/ptd/proposedrules/01-01-2011_LGSD_Emergency_Regulations.pdf

FASTER. FRIENDLIER. EASIER.


Noa examples l.jpg
NOA Examples

  • Freeport

  • Tools of Manual Labor

  • Conservation Use

  • PP <= 7500

FASTER. FRIENDLIER. EASIER.


Noa freeport l.jpg
NOA Freeport

  • Merchandise – 100,000

  • Raw Materials – 50,000

  • Total Inventory = 150,000

  • Freeport applied for and approved by BOA

    • 50,000

FASTER. FRIENDLIER. EASIER.


Noa freeport41 l.jpg
NOA - Freeport

FASTER. FRIENDLIER. EASIER.


Noa tools of manual labor l.jpg
NOA – Tools of Manual Labor

FASTER. FRIENDLIER. EASIER.


Noa cuv l.jpg
NOA - CUV

FASTER. FRIENDLIER. EASIER.


Noa pp 7500 l.jpg
NOA – PP <= 7500

FASTER. FRIENDLIER. EASIER.



Posting notice on certain conditions l.jpg

Posting Notice on Certain Conditions

Undeliverable notices may be posted on website in-lieu of posting on courthouse door

FASTER. FRIENDLIER. EASIER.


Records and information availability l.jpg

Records and Information Availability

Minimum documents are identified in DOR regulations for BOA appeals procedures

FASTER. FRIENDLIER. EASIER.


Description of current assessment l.jpg

Description of Current Assessment

FASTER. FRIENDLIER. EASIER.


Description of current assessment49 l.jpg
Description of Current Assessment

  • Simple non-technical reasons for change still required

  • Standard reason for notice of no-change

    • Annual Notice: No change in return/previous value

  • Standard reason for transaction value

    • Value adj for 1-year Arms Length Transaction cap

  • Standard reason for removal of transaction value

    • 1-year Arms Length Transaction cap removed

FASTER. FRIENDLIER. EASIER.


Appeals procedures l.jpg

Appeals Procedures

OCGA 48-5-311

FASTER. FRIENDLIER. EASIER.


New appeal procedures l.jpg
New Appeal Procedures

  • New Uniform Appeal form available to property owners – PT-311

FASTER. FRIENDLIER. EASIER.



New appeal procedures53 l.jpg
New Appeal Procedures

  • Corrected notices of assessment have a 30 day appeal period instead of 21 days

FASTER. FRIENDLIER. EASIER.


New appeal procedures54 l.jpg
New Appeal Procedures

  • New appeal options:

    • BOE

      • taxability, uniformity, value, exemption denial, breach of covenants

    • Arbitration

      • value

    • Hearing Officer

      • value and uniformity for non-homestead real property with FMV in excess of $1,000,000

      • What if single apartment complex is two physical parcels: Parcel A=600,000, Parcel B=500,000, can they appeal to Hearing Officer?

FASTER. FRIENDLIER. EASIER.


New appeal procedures55 l.jpg
New Appeal Procedures

  • Records & Information Availability

    • owner may request, and the BOA shall provide within 10 days, copies of public information

    • Including but not limited to

      • All documents reviewed in making the assessment

      • Address and PIN of all real property utilized as qualified comparable properties

      • All factors considered in establishing the value

  • What does this really mean I have to provide?

FASTER. FRIENDLIER. EASIER.


New appeal procedures56 l.jpg
New Appeal Procedures

  • Any taxpayer or property owner as of the last date for filing an appeal may file appeals

    • If both get notice, what if both appeal?

  • Appeals may be filed by emailing if the BOA has adopted a written policy consenting to electronic service

  • Taxpayer may terminate appeal at any time during appeal process with signed agreement with BOA

    • agreement subject to 299(c)

      • unless waived by both parties

FASTER. FRIENDLIER. EASIER.


New appeal procedures57 l.jpg
New Appeal Procedures

  • Uniform procedures and standards shall be promulgated and followed by

    • BOE

    • Hearing Officers

    • Arbitrators

  • Rules shall be updated and revised periodically and reviewed no less than every 5 years.

FASTER. FRIENDLIER. EASIER.


New appeal procedures58 l.jpg
New Appeal Procedures

  • Clerk of Court designated to have power of oversight and supervision over BOE and Hearing Officers

  • Clerk oversight / supervision includes:

    • Scheduling hearings

    • Giving notice of hearing date, time, place

    • Giving notice of decisions

FASTER. FRIENDLIER. EASIER.


New appeal procedures59 l.jpg
New Appeal Procedures

  • County Governing Authority shall furnish the Clerk, resources, facilities, secretarial, and clerical help

    • shall maintain any county records from the hearings

    • may grant additional extensions (date and time of hearings) to taxpayer or the BOA

FASTER. FRIENDLIER. EASIER.


New appeal procedures60 l.jpg
New Appeal Procedures

  • BOE

    • Two or more counties are allowed, by intergovernmental agreement, to create a regional board of equalization.

    • New BOE member oath

    • Clerk shall furnish the BOE, facilities, secretarial, and clerical help

FASTER. FRIENDLIER. EASIER.


New appeal procedures61 l.jpg
New Appeal Procedures

  • BOE

    • Any time during BOE appeal process, signed written agreement of valuation may be signed and agreement value becomes final value, which is subject to 299(c)

    • required to render decision at conclusion of hearing

FASTER. FRIENDLIER. EASIER.


New appeal procedures62 l.jpg
New Appeal Procedures

  • Arbitration

    • ‘certified appraisal’ means an appraisal or appraisal report given, signed, and certified by a real property appraiser classified by Georgia Real Estate Commission and Georgia Real Estate Appraisers Board

    • Emailing appeal allowed if BOA electronic service policy

FASTER. FRIENDLIER. EASIER.


New appeal procedures63 l.jpg
New Appeal Procedures

  • Arbitration

    • Appeal Received

    • Within 10 days, BOA must send taxpayer:

      • Acknowledgement of receipt

      • Notice of 45 days to provide BOA with certified appraisal

      • Confirmation of filing fees

      • Notice that taxpayer shall pay fees within 45 days

FASTER. FRIENDLIER. EASIER.


New appeal procedures64 l.jpg
New Appeal Procedures

  • Arbitration

    • At time of certification of appeal, the BOA shall serve the taxpayer and the taxpayer’s attorney of record, if any, or employee with a copy of the certification along with any other papers specified by the person seeking arbitration

FASTER. FRIENDLIER. EASIER.


New appeal procedures65 l.jpg
New Appeal Procedures

  • Arbitration

    • To be qualified as an arbitrator

      • Shall be State Certified General / State Certified Residential Real

      • Shall have experience or expertise in appraising the type of property that is the subject of the arbitration

    • Arbitrator has 30 days from appointment to set time and place to hear evidence and testimony

    • Written notice to parties personally or by registered or certified mail or statutory overnight delivery not less than ten (10) days before the hearing

FASTER. FRIENDLIER. EASIER.


New appeal procedures66 l.jpg
New Appeal Procedures

  • Arbitration

    • Failure of taxpayer to provide appraisal and filing fees within 45 days shall terminate appeal unless taxpayer elects within same 45 day period to have appeal forwarded to BOE

    • Within 45 days of receipt of appraisal, BOA shall accept or reject appraisal.

    • Accept = value becomes final

    • Reject = forward appeal & documents to clerk of court within 45 days

FASTER. FRIENDLIER. EASIER.


New appeal procedures67 l.jpg
New Appeal Procedures

  • Arbitration

    • In the event BOA neither accepts nor rejects the appraisal within 45 days, the appraisal value becomes the final value

    • The arbitration request may be waived at any time by a written consent of both parties

FASTER. FRIENDLIER. EASIER.


New appeal procedures68 l.jpg
New Appeal Procedures

  • Arbitration

    • BOA shall have the burden of proof by a preponderance of evidence

    • The decision shall be either the single value submitted by the taxpayer or the single value submitted by the BOA

    • At the conclusion of hearing, a decision shall be rendered

FASTER. FRIENDLIER. EASIER.


New appeal procedures69 l.jpg
New Appeal Procedures

  • Arbitration

    • Loser pays court fees and costs of arbitrator

    • Decision subject to 299(c)

    • If bills are mailed before decision is rendered, higher of taxpayer return or 85% of current year BOA value is basis of temporary billing

FASTER. FRIENDLIER. EASIER.


New appeal procedures70 l.jpg
New Appeal Procedures

  • Hearing Officers

    • Certified General Real Property Appraisers

    • Certified Residential Real Property Appraisers

    • Interested appraisers submit application to Georgia Real Estate Commission and Georgia Real Estate Appraisers Board

    • GREAB shall annually publish list of qualified and approved hearing officers

    • Clerk of Court furnish necessary facilities

FASTER. FRIENDLIER. EASIER.


New appeal procedures71 l.jpg
New Appeal Procedures

  • Hearing Officers

    • BOA has 90 days to review appeal

    • If BOA changes/corrects >> NOA with 30 days for taxpayer to appeal

    • If taxpayer notifies BOA changes are not acceptable, BOA has 30 days to deliver necessary papers to Clerk of Court.

    • Clerk of Court shall randomly select hearing officer unless taxpayer and BOA mutually agree on a hearing officer from the list

FASTER. FRIENDLIER. EASIER.


New appeal procedures72 l.jpg
New Appeal Procedures

  • Hearing Officers

    • Any issues other than value and uniformity in the appeal shall be preserved for appeal to superior court

    • BOA has burden of proof by preponderance of evidence

    • Decision must be rendered verbally to both parties at the conclusion of hearing, written decision shall also be sent to taxpayer

FASTER. FRIENDLIER. EASIER.


New appeal procedures73 l.jpg
New Appeal Procedures

  • Hearing Officers

    • Taxpayer or BOA may appeal decision of hearing officer to superior court

    • If at any time during the appeal, the taxpayer and BOA may execute a signed agreement to terminate the appeal.

      • Signed agreement value is subject to 299(c)

    • DOR required to promulgate rules for qualifications & training

FASTER. FRIENDLIER. EASIER.


New appeal procedures74 l.jpg
New Appeal Procedures

  • Superior Court

    • By mutual written agreement, taxpayer and BOA may waive BOE appeal and initiate an appeal directly to S.C.

    • Emailing allowed if BOA has adopted electronic service policy

    • Appeal is placed on next available jury or bench calendar, at the taxpayers election, following filing the appeal (unless continued by court for good cause)

FASTER. FRIENDLIER. EASIER.


Refunds l.jpg

Refunds

48-5-380

FASTER. FRIENDLIER. EASIER.


Refunds76 l.jpg
Refunds

  • Old text:

    • Each county and municipality may refund to taxpayers any and all taxes and license fees

      • Erroneously or illegally assessed

      • Voluntarily or involuntarily overpaid

  • Next text:

    • Each county and municipality shall refund to taxpayers any and all taxes and license fees

      • Erroneously or illegally assessed

      • Voluntarily or involuntarily overpaid

FASTER. FRIENDLIER. EASIER.


Corrections to digest l.jpg

Corrections to Digest

OCGA 48-5-303

FASTER. FRIENDLIER. EASIER.


Corrections to digest78 l.jpg
Corrections to Digest

  • BOA shall have authority to correct factual errors in the tax digest when discovered within three years and when such corrections are of benefit to the taxpayer.

  • Corrections, after BOA approval, shall be communicated to taxpayer and notice provided to TCO

FASTER. FRIENDLIER. EASIER.


Digest submission when property under appeal l.jpg

Digest Submission when property under appeal

OCGA 48-5-304

FASTER. FRIENDLIER. EASIER.


Digest submission value in dispute l.jpg
Digest Submission: Value in Dispute %

  • Removed the requirement for value in dispute be 5% or less when county has performed a countywide reappraisal

  • Remove the requirement for value in dispute to be 3% or less when county has not performed a reappraisal.

FASTER. FRIENDLIER. EASIER.


Roll back millage l.jpg

Roll-Back Millage

OCGA 48.5.32.1

FASTER. FRIENDLIER. EASIER.


Roll back millage82 l.jpg
Roll-Back Millage

  • Roll-Back calculations and certifications must exist for:

    • County

    • School

    • Municipalities

  • “Tax Increase” adds only apply to M&O millages

  • Advertisement of ‘increase’ must appear on levying authority’s website.

FASTER. FRIENDLIER. EASIER.


Roll back millage83 l.jpg
Roll-Back Millage

  • New advertisement language

  • Ad size must be at least 30 square inches

  • Ad must be posted on website one week prior to hearing

  • Ad may include reasons or explanations

  • DOR shall not accept a digest having a millage higher than roll-back rate unless proper advertisement exists.

FASTER. FRIENDLIER. EASIER.


Roll back language l.jpg
Roll Back Language

  • “This tentative increase will result in a millage rate of (proposed millage rate) mills, an increase of (millage rate increase above the roll-back rate) mills.” …

FASTER. FRIENDLIER. EASIER.


Roll back language continued l.jpg
Roll Back Language (continued)

  • … “Without this tentative tax increase, the millage rate will be no more than (roll-back millage rate) mills. The proposed tax increase for a home with a fair market value of (average home value from previous year’s digest rounded to the nearest $25,000)” …

FASTER. FRIENDLIER. EASIER.


Roll back language continued86 l.jpg
Roll Back Language (continued)

  • … “is approximately $(increase) and the proposed tax increase for nonhomestead property with a fair market value of (average nonhomestead property value from previous year’s digest rounded to the nearest $25,000) is approximately $(increase).”

FASTER. FRIENDLIER. EASIER.


Public utility assessments l.jpg

Public Utility Assessments

OCGA 48-2-18

FASTER. FRIENDLIER. EASIER.


Public utility assessments88 l.jpg
Public Utility Assessments

  • In the event the PU digest isn’t provided to the BOA by August 1, TCO may issue a interim tax bill

  • Bill amount equal to 85% of property tax bill for preceding tax year

    • If preceding year under appeal, go back to last tax year where taxes are final (not under appeal)

FASTER. FRIENDLIER. EASIER.


Public utility assessments89 l.jpg
Public Utility Assessments

  • Example

    • Current year (2011) value = 50,000,000

    • Current year values delivered late

    • Previous year (2010) value = 40,000,000

    • Current year interim bill based on 40,000,000 * 85%

FASTER. FRIENDLIER. EASIER.


Public utility assessments90 l.jpg

2011

50,000,000 (delivered late)

2010

40,000,000 (under appeal)

2009

35,000,000 (under appeal)

2008

32,000,000 (under appeal)

2007

28,000,000 (final)

Interim Tax bill for 2011

2007 value * 85%

28,000,000 * 85%

Public Utility Assessments

FASTER. FRIENDLIER. EASIER.


Public utility assessments91 l.jpg
Public Utility Assessments

  • Once current year values are received corrected tax bills are issued to everyone who received interim bills

  • Taxpayers are entitled to

    • Remit additional tax due

    • Refunds for overpayment

    • In either case, without interest or penalty.

FASTER. FRIENDLIER. EASIER.


Public utility assessments92 l.jpg
Public Utility Assessments

  • Nothing here alters a taxpayer’s right to appeal

  • These billings shall not be subject to forfeiture provisions of 48-5-135

FASTER. FRIENDLIER. EASIER.


Boa qualifications l.jpg

BOA Qualifications

OCGA 48-5-291

FASTER. FRIENDLIER. EASIER.


Boa qualifications94 l.jpg
BOA Qualifications

  • Mandates High School diploma or its equivalent for any and all BOA members

    • If you have assessor members without diploma or equivalent, they are not eligible to serve as an assessor.

FASTER. FRIENDLIER. EASIER.


Gcp training l.jpg

GCP Training

OCGA 48-5-13

FASTER. FRIENDLIER. EASIER.


Gcp training96 l.jpg
GCP Training

  • Local tax officials and staff means:

    • All county tax collectors

    • All county tax commissioners

    • All county appraisers

    • All county appraisal staff

    • All members of county BOA

    • Are contract appraisers (reval firms,etc) included? Yes, sure!

FASTER. FRIENDLIER. EASIER.


Gcp training97 l.jpg
GCP Training

  • DOR shall prepare, instruct, operate, and administer courses deemed necessary

  • Course materials shall be reviewed not less than once every five years and updated if necessary

FASTER. FRIENDLIER. EASIER.


Gcp training98 l.jpg
GCP Training

  • All training materials shall be available online

  • DOR may determine what courses may be offered online to reduce cost to taxpayers

FASTER. FRIENDLIER. EASIER.


Gcp training courses currently online l.jpg

Course I

Course IA

Course II

Course III

Course IVA

Course IVB

Course V

Advanced Auditing

APM/Digest Review

Basic Accounting

Basic Mapping

Exempt Properties

Georgia Asmt Admin

Mfg Housing Workshop

Review of Income

Specialized Assessments

Tax Commissioner Training

Timber Regulations

Verification of PP Reports

Wingap Admin

Wingap Basic Data Entry

Wingap Commercial Pricing

Wingap Personal Property

Wingap Residential Pricing

Wingap Technical Workshop

GCP Training Courses Currently Online

https://etax.dor.ga.gov/PTD/gcp/courses.aspx

FASTER. FRIENDLIER. EASIER.


Gcp training100 l.jpg
GCP Training

  • All courses shall be open to the public upon

    • Request

    • Payment of reasonable fee

    • Available space

FASTER. FRIENDLIER. EASIER.


Gcp training101 l.jpg
GCP Training

  • Open registrations are taken

  • Local tax officials and staff are given first priority

  • Public are placed on waiting list

  • At two-week prior to class date, empty seats are first filled from waiting list

  • All remaining seats within two-week window are first-come, first-served

FASTER. FRIENDLIER. EASIER.


ad