2008 TAX ASSESSMENT NOTICES
The Putnam County Board of Tax Assessors will mail the 2008 annual change of assessment notices the first week in June. For 2008, the board will mail 6444 real notices and 2083 personal notices. The Putnam County Board of Tax Assessors is of the opinion that if county values are maintained on a yearly basis a lot of problems and expense encountered by many surrounding counties can be avoided.
If you receive a change notice and have questions concerning the current value, you may exercise your right of appeal by writing a letter of appeal within 45 days. This board suggests that in the appeal letter you state you specific concerns of which can be value, uniformity of assessment, taxability, or denial of homestead exemption.
Before filing an appeal, this Board recommends that you visit our web site at www.qpublic.net/ga/putnam and review your values. Our web site will be updated with current information as soon as the notices are mailed. In addition, a taxpayer may meet with a state certified appraiser both real and personal to go over the comparable sales on real property or cost manuals on personal property used to arrive at market value. At this time, any incorrect information on a taxpayer's property record card or personal property account can be resolved.
The sales trend in the housing industry for residential vacant and improved properties on Lake Oconee continues to increase in market value. Real estate companies report a slow down in sales but the properties that are selling are being purchased at a premium. The slow down is partly due to potential buyers unable to sell their homes in other areas. One plus for both Oconee and Sinclair is the lake levels are at full pool and this makes for a continued demand. Sales on Lake Oconee indicate an average lake lot in a non-gated community approaching $400,000, and gated properties at $700,000 plus.
Lake Sinclair is also experiencing an increase in vacant and improved lake lot sales with some cove lots selling as high as $180,000 and with new single-family homes in a price range from $475,000 to $525,000.
Agricultural tracts continue to outpace national trends with some 100 plus tracts in the hwy 44 areas selling in excess of $10,000 per acre. In other areas of the county such as Rockville and the Sparta Hwy, large tracts are being subdivided and selling for $7,000 per acre.
The Eatonton housing market is still expanding with older renovated homes selling for a premium and newer homes maintaining market levels. From all indications, the real estate market in Putnam County is one of the more stable areas in the State.
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