Fulton Property Taxes Inflated
(AJC) — Chenee Joseph paid $51,500 for her three-bedroom bungalow in Adair Park in August 2009. Fulton County assessors claim her property is worth twice that for tax purposes in the down real estate market.
New math? No, just the 2010 Fulton County Tax Digest.
Joseph is paying double what she should in property taxes because assessors recorded the $199,000 bank foreclosure on the property the previous March to set the tax value. They then ignored the amount she actually paid when appraising her house for $102,300, according to county records.
