At this time, you should have received communication regarding our services for 2019. We appreciate the opportunity to be of service and your attention to the housekeeping documents we require for our files such as agreements and/or authorization letters. Thank you if you have already returned those to our office. If you have questions regarding this, please contact us.
Thank you in advance for compiling the below information for our files.
Information request for 2019:
Notify FSSR if your property has sold OR if you have purchased new properties
Notify FSSR of any changes in your property – physical or functional
Notify FSSR if you have had an appraisal within the last 12 months
Income producing properties
12 month year end 12/31/2018 income and expense statement
January 1, 2019 rent roll
If you would like to send these files to us via shared Dropbox, please contact Brandy Bost to coordinate.
Should you receive documents directly from the jurisdiction(s), please send those over to us for our review and if necessary our response.
Alabama – Yearend income as well as October rent roll is needed for all income producing properties by February 15, 2019.
Florida– Tangible Personal Property Return deadline April 1st
Just when we thought the Fulton County 2017 residential digest had been settled and approved, the Georgia Department of Revenue stepped in and filed an appeal of Judge Harvey’s decision from December. This decision basically upheld the Fulton County Board of Commissioners decision to roll back the 2017 residential tax digest to the 2016 level. It is the opinion of the GA DOR that this was an illegal action and they are continuing the appeal to the GA Appellate Court. If the State prevails, Fulton County will have to resend their 2017 residential tax assessment notices and re-open the appeal process. This is at a time when the County is trying to bring their 2018 appeal level to an acceptable level so that the 2018 tax digest can be approved. More details forthcoming in the next few months.
Fulton and Dekalb County are completing their 2018 assessment appeals and these should be completed in the next 90 days – just in time for the 2019 assessment notices to be mailed.
The Gwinnett County Tax Assessor’s Office is planning a 2019 apartment reappraisal and, for many of the properties, this will be their first increase since tax year 2016 and those values were based on 2014 and 2015 market conditions. Based on our review of the sales and market conditions in 2018/2019 vs 2015/2016, we anticipate some significant assessment increases, upwards from 30 to over 100%. The official 2019 assessment notices will be released in early April and additional information will be available at that time.
Mississippi – Deadline to submit income data for all LIHTC is April 1st (FSSR needs 12/31/18 income statement and 1/1/19 rent rolls by March 1st)
Reassessing for 2019: Ashe, Brunswick, Burke, Carteret, Catawba, Durham, Gaston, Graham, Halifax, Henderson, Hertford, Iredell, Johnston, Lee, Lincoln, Macon, McDowell, Mecklenburg, Moore, Northampton, Pender, Randolph, Rockingham, Rowan, Rutherford, Sampson, Scotland, Wayne & Wilkes
Durham County reassessment notices mailed January 30th.
The Mecklenburg (Charlotte) County Tax Assessor’s Office has released their 2019 revaluation tax digest. As expected, because the last revaluation was back in 2011, there are some tremendous assessment increases with apartments leading the way. Most apartment assessments are increasing from 50-200% and, again this is a direct result of the time between revaluations and the market situation now vs in 2009 and 2010, which was at the height of the Great Recession. Although reports have the 2019 tax rate being reduced 30% or more, the overall tax impact on apartments will be substantial as they have been significantly under assessed for some years now.
South Carolina – SC Personal Property filing deadline of 4/30/19.
Reassessing for 2019: Allendale, Bamberg, Berkeley, Clarendon, Darlington, Dorchester, Florence, Horry, Newberry, Orangeburg, Pickens & Richland
Above State links directly to the FSSR contacts per State.
FSSR would like to recognize Allison Adams for receiving the 2018 Jim Fellers Legacy Award. Congratulations Allison!!
Mecklenburg County will be issuing 2019 reassessment notices in January and this will be their first reassessment since 2011. When the county last reassessed, the economy and real estate market were still in the midst of a downturn and had just begun recovering and, as a result, property values were still struggling to gain momentum. Now that the economy and real estate markets have recovered, we are anticipating significant increases to property values for 2019.
According to the county assessor, commercial property values have increased, on average, by 77%. Unfortunately, since the county does not determine tax rates until mid-summer, we will not know the full tax impact until that time. However, it is safe to say that commercial taxes will increase significantly.
Once you receive your 2019 assessment notice, please forward to us as soon as practical so that we may begin our review. For income producing properties, we will also need to review your 2017 & 2018 income statements along with your 2018 year-end rent roll. If you have recently had an appraisal made of your property, please forward a copy for our records.
Previous FSSR Property Tax Management and Appeal Newsletters: