Georgia Law requires that all real estate be appraised annually at its fair market value and a property tax paid. Property is appraised at 100% of its fair market value and assessed at 40% of that value.
Atlanta
Atlanta's real estate market is reaping the benefits of the city's explosive economic growth. Low rates, affordable housing and low taxes have created a buyers market. House prices are comparatively lower than in other parts of the country, with homes being purchased for 3-5% under list price, and sellers offering to pay some closing costs and repairs. Higher end homes are particularly good value to the buyer. The Brookhaven, North Buckhead, Sandy Springs and Dunwoody communities are all premier locations to live in Atlanta. Older renovated homes stand next to newer, starting from around $300,000. Surrounding suburbs, like Marietta, are experiencing an unprecedented increase of new residents.
Decatur
Decatur's real estate market benefits buyers and sellers at present, with a good selection of homes for sale at moderately rising prices and low interest rates. Decatur's commercial center is ringed by some of the Atlanta area's grandest neighborhoods. Well-maintained homes face onto lush tree lined streets. Over 12 distinct neighborhoods offer all styles of living, from new homes, townhouses and condominiums to renovated older bungalows, historical homes and stately mansions. Properties are available in a variety of price ranges, from $100,000 to over $500,000.
Stone Mountain
Affordable housing is found in a number of new subdivisions around the pretty original village, with prices ranging from $75,000 to $300,000; $178,000 is the average. Buyers can choose between family homes, town homes or condominiums, and some land lots are available for building as well.
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