A parcel/plot of land equal to 43,560 square feet.
A process in which a property owner contests an assessment.
In Georgia, property owners may appeal on taxability, uniformity of assessment and value.
The process of developing an opinion of value.
An alternative appeal process established to settle a dispute outside of court using an arbitrator(s).
A value set on real and personal property by a government as a basis for levying taxes.
The official valuation of property for ad valorem taxation.
In Georgia, the assessed level is 40 percent of the appraised value.
The head of an assessment agency (Board of Tax Assessors) that collectively discovers, lists, and values real estate for ad valorem taxation.
Board of Equalization (BOE)
A public body charged with the duty of hearing and deciding appeals taken by taxpayers on assessments established by the Board of Assessors (or other body other than the courts).
The total area within a property that is not designed for sale or rental but is available for common use by all owners/tenants; e.g. parking lots, sidewalks, malls, etc.
Similar property sales, rentals or operating expenses used for comparison in the valuations (appraisal) process; also referred to as comps.
The physical condition of a structure due to change since its origination.
A multi-unit property in which persons hold fee similar title to individual units and an undivided interest in common areas.
In real estate, the legal document recorded to show ownership of real estate.
Deed Book and Page
The official book and page in which the real estate deed is recorded.
A loss in value due to a negative influence from factors external to the property.
The portion of personal property exempted from taxation; e.g., Raw Materials and Goods in Process, Finished Goods, and Out of State Shipments.
The depreciation of a property resulting from deficiencies or inadequacies in the structure.
This is the date set by the Board of Equalization to hear the appeal or scheduled date for appearance in Superior Court.
Land and/or improvements that can be adapted for industrial use.
That portion of real estate with improvements not including the main building; e.g., asphalt paving, outbuildings, sheds, storage buildings, etc.
A group of complimentary/comparable land uses such as buildings or businesses used for valuation of like properties.
The State of Georgia stratification code used to group like properties for purposes of analysis.
The official date recorded on a deed when property was transferred.
Sale Transfer Code
The legal code recorded with the transfer of property indicating the condition under which the property changed ownership.
The legal description/document of the type of deed between purchaser and buyer.
The physical location of the property.
A tract of land that has been divided into lots or blocks with other facilities appropriate to its development as residential, commercial, or industrial; e.g., streets, roadways, open area, etc.
The relief features or surface configurations of an area; e.g., hills, valleys, slopes, lakes, rivers, etc.
A code used to designate the public regulation of the character and extent of real estate restricting its use and development.
A deed that conveys to the grantee title to the property free and clear of all encumbrances, except those specifically set forth in the document.