DEPARTMENT
Tax Assessor
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval to appeal the Georgia Department of Audits and Accounts (DOAA) 2022 sales ratio study for Fulton County, authorizing the Fulton County Board of Assessors, staff, and the Office of the County Attorney to act on behalf of the Board of Commissioners for purposes of this appeal. (APPROVED)
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REQUIREMENT FOR BOARD ACTION (Cite specific Board policy, statute or code requirement)
Pursuant to O.C.G.A. 48-5-274, the County Governing Authority and/or the local Board of Education has the right, upon 30 days after receipt of the digest information, to appeal the correctness of the equalized adjusted school property tax digest of the local school system.
STRATEGIC PRIORITY AREA RELATED TO THIS ITEM (If yes, note strategic priority area below)
Open and Responsible Government
COMMISSION DISTRICTS AFFECTED
All Districts ?
District 1 ?
District 2 ?
District 3 ?
District 4 ?
District 5 ?
District 6 ?
IS THIS A PURCHASING ITEM?
No
SUMMARY & BACKGROUND: The DOAA study results in an overall ratio of 35.45, which is below the 36.00 required level of assessment. Additionally, the 35.45 ratio is below the 38.00 level of assessment needed in order to bill public utilities at 40% of fair market value. The sales ratio results are a state-wide concern. Of the 159 counties, 92 fell below the 36% ratio for compliance and 136 fell below the 38% ratio for assessment of public utilities.
Scope of Work: Upon BOC approval, the DOAA will be asked to re-examine the property sales and appraisals used in the Fulton County 2022 sales ratio study to achieve compliance with the median ratio as required by Georgia Department of Revenue rules and regulations. Achieving a 36% overall ratio will prevent the county from being cited as having a deficient level of assessment. Achieving a 38% overall ratio will allow the county to bill public utility asses...
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