“Residential properties are appraised every year in Georgia for tax purposes.”
Holy cow. That’s physically impossible unless Georgia is using Dominion calculators.
Seriously, NC re-assesses every eight years, I’ve seen other states at four years. Unless the state does an across-the-board percentage bump up or down, trying to individually re-value every property, every year is just impossible.
And these are probably not real appraisals. More than likely, they’re reassessments. There’s a difference. An appraisal and the assessed value can vary widely in number. We owned a SC lot that we bought for $185,000. The assessed value was $13,000. It’s the millage rate that gets you.
“That’s physically impossible unless Georgia is using Dominion calculators.”
Some parts of Arizona adjust your property value every year based on trends in the market. Just a computer formula. If you disagree, you have to go in person and argue why they are wrong.
Maryland reassesses every 3 years.