Residents of Coweta County, keep an eye on your mailboxes. The annual Notice of Assessment for real property will be arriving today. This important document is not your tax bill, but rather an assessment notice indicating the value ascribed to your real property, which includes details of the prior and current year values, any exemptions that apply to you, and a preliminary prediction of your taxes based on the previous year's millage rate, as confirmed by the county's official website.
In alignment with updates in State law and guidelines from the Georgia Department of Revenue, the Notice you'll receive is tweaked from the norm you are accustomed to seeing. Only maintenance and operations (M&O) tax levies will be featured, specifically those for the county, school system, and municipal entities, if applicable. Special service districts, such as the Countywide 911 or Fire District, though absent from this Notice, will appear on your property tax bill in October.
The document will also highlight the Homestead Exemption Value which now takes into consideration the benefits of the standard exemption alongside the newly formulated floating exemption instituted by House Bill 581. However, the School Board has taken a side step from HB581, meaning no floating exemption for school taxes is part of the exemption value displayed. Additionally, while the Estimated Tax shown is based on last year's millage rate, it should serve only as a rough guide, as the definitive 2025 tax figures will come post-August, when the new millage rates are set and applied.
For those whose Notice lists their Homestead status as "No," it's suggested you reach out to the Assessors Office to verify if you are missing out on any exemptions. Should you find fault with the stated Current Year Fair Market Value, remember that you can appeal this assessment. The deadline to do so is Monday, August 4, and information on how to proceed with an appeal is available on the county's website. The Assessors Office can be found in Newnan, with office hours running from Monday to Friday, 8 a.m. to 5 p.m. For Coweta residents navigating the complexities of property value assessment and upcoming taxes, this yearly Notice is the signal to scrutinize the details and prepare for the financial year ahead.
