Georgia Counties were quick to keep their records and property assessments up to date as property sale prices increased over the past decade. However, counties have not been so quick to reduce assessments since the housing bubble burst 2 years ago. This has created a gap between the actual fair market values of many properties and the fair market values that the counties have recorded, on which they base the properties’ taxes. Many properties are selling for less than half of what the counties have them valued at, yet the counties are still sending tax bills based on these inflated prices. As a result our member banks are paying higher than necessary tax bills.It is possible, yet challenging and time consuming, to get counties to reassess these properties. Real Property Tax Appeals Group is working with individual homeowners and financial institutions that have REO portfolios of single-family homes, condominiums, townhouses and undeveloped subdivision lots to reduce existing property tax assessments.Real Property Tax Appeals Group is the sister company to Rasmus Real Estate based out of Marietta, Georgia. Rasmus Real Estate has been providing Broker Price Opinions in distressed markets for more than 20 years. This enables Real Property Tax Appeals Group to provide the counties not only with the actual fair market value of these properties but also with the statistical information, comparative market analysis and local market expertise to back up their figures.Specialties: real property tax returns, property reassessments, property assessment appeals