Higher property tax bills

Many of you are probably receiving your 2014 property tax assessment notices. If you're a resident of Gwinnett County for example, the new assessment amounts can be eye popping! The assessment increase is significant in many cases and can increase your property tax by as much as 10% - 20%. Keep in mind that you have the right to appeal your assessment but you must do so within 45 days of the notice. 

If you are purchasing homes, be aware that your escrow accounts setup at closing could be short when the tax bill comes due this fall. The tax escrow is based on 2013 tax amount which in many cases will be smaller than the tax bill for 2014 based on new assessments.

For links to county tax assessors office and tax info, please visit my prior blog post: PROPERTY TAX INFO.

Follow Me On:

		Christian Pak Managing Partner Homeland Financial Phone: (404) 939-0502 Fax: (678) 638-1215 License: 162627 cpak@homelandmtg.com www.christianpak.com

April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013		A New Season for Housing Will First-Time Buyers Face Challenges? Spring is officially here. The warmer season will hopefully bring a much-needed warm-up to the housing market, which suffered from the harsh winter weather. Keep Reading »    Are Distractions Getting in Your Way? By Jason Womack, MEd, MA Think about the last time you sat down to do some high priority, very important work. How long were you able to focus on what you were doing before you got distracted? Keep Reading »    How to Save on Auto Repairs By Cameron Huddleston, Kiplinger.com Follow these steps to lower the cost of routine car maintenance and major repair work. Keep Reading »    Home Security Tips and Traps According to the Department of Justice and the FBI, of the more than 2 million burglaries reported in 2012, 74.5 percent took place in homes, not businesses-and they averaged more than $2,188 in stolen items, adding up to nearly $15.5 billion in lost property in a single year! Keep Reading »    Foods Your Pets Should Never Eat Your pet's digestive system is different than yours. Food that can be a delicious treat for people can be a deadly poison to an animal. That's why it's very important to keep a close eye on what your pets eat. Keep Reading »    Wok This Way A Neophyte's Guide to the Perfect Stir-Fry By Kirk Leins Have your attempts at this age-old cooking method yielded less than spectacular dishes? If so, I ask you to read this article carefully, which may just result in a meal fit for an emperor. Keep Reading »

NMLS 150504 / 162627 Georgia Residential Mortgage Licensee