Consistent media attention to the ANDP/RCLCO research over the last ten months in local news outlets helped to raise public awareness, keep tax assessors accountable, and fuel legislative efforts at the Georgia General Assembly to close the gap between home prices and tax appraised values.
Informed by the property tax research and media coverage, Georgia State Senator Chip Pearson introduced a bill mandating tax assessors to include foreclosed and bank-owned sales in the property valuation process.
Some tax assessors
responded that they did not feel competent to answer question 6 while others indicated that their towns did not have sites and therefore they could not respond to question 6.
Donald Trump has added a new wrinkle to the city tax assessor
scandal by filing a $500 million lawsuit against the city, alleging that Trump World Tower was taxed at an unfairly high rate to compensate for buildings that received lowball assessments.
With the recent indictment of city tax assessors
, real estate attorneys are expecting the city to exercise more caution with property tax assessments in the coming months.
No building owners have yet to be implicated in the tax scheme that shook the real estate industry last week with the indictment of 18 Manhattan tax assessors
accused of cutting property taxes for bribes.
In a far reaching decision, New York State's highest Court requires local real estate tax assessors
to acknowledge the negative effect contamination has on a property site's fair market value.
Called SEG-SITE and accessed through PC-based Windows software, the new service helps real estate appraisers, inspectors, adjusters, tax assessors
and contractors easily obtain building cost estimates segregated out by type of business and individual components, according to Cydney Capell, director of Marketing and Production at Marshall & Swift.
Several months ago, the tax assessor
scandal placed hundreds.