Notice to the Lumpkin County Property Owners and Occupants. In accordance with O.C.G.A 48-5-2641, please be advised that the Lumpkin County Appraisal Staff may be visiting your property to review your parcel information concerning:
- An appeal filed
- Conservation use application
- Construction of new improvement or addition
- Mobile home decals
- Return filed
- Review of parcel
The field appraiser from our office will have photo identification and will be driving a marked county vehicle.
If you have any further questions, please call our office at 706-864-2433.
2023 Property Tax Relief Grant
Governor Kemp signed HB 18 on March 13, 2023. This was part of a 2023 budget proposal by Governor Kemp to refund around $950 million in property taxes back to homestead owners. This will result in a one-time Property Tax Relief Grant that will reduce the assessed value of Georgia homesteaded property by $18,000 on their 2023 Property Tax Bill.
For more information please click the link below:
Lumpkin County Assessor’s Office Commercial/Industrial Property Valuations: McCormick Solutions, a division of LMC, Inc, which is an appraisal contractor, will soon begin performing Commercial/Industrial appraisals on behalf of the Lumpkin County Board of Assessors. You may see their employees, who will have county-issued name badges, and their vehicles, which are clearly marked, on your property. Feel free to question staff regarding the reason for their visit and ask them to produce identification. We appreciate your cooperation with our necessary onsite visits and as always, we value you.
Forms can be found by utilizing the following link; https://dor.georgia.gov/real-and-personal-property-forms-and-applications, most forms are available and can be sent without the need for in-person interactions at the office.
The following forms can be downloaded, filled out, printed, and mailed to our office by April 1st. (must be postmarked with the USPS mark no later than April 1st)
LGS – Homestead – this is for the state homestead exemption.
PT-50P – Business Personal Property Reporting Form
PT-50F – Freeport Application for Manufacturing Inventory (if applicable)
PT-50M – Marine Personal Property Reporting Form
PT-50A – Airplane Personal Property Reporting Form
PT-50R – Taxpayer Return of Value – this is the form to be used when a taxpayer wishes to update their property information, declare a value on their property as of January 1, 2020, or request a review of their property. Any additional information the taxpayer wishes to be considered can be included with the Return Form.
PT-283A – Conservation Use Application – This form must be signed before a notary, filled out on both pages, and sent to our office by April 1st along with a check or money order (cash is accepted if hand-delivered to the office) for $25.00. This is the state-mandated recording fee for all approved applications. If you would like to pay by credit or debit card, please visit this form. (**Please note, this form cannot be submitted electronically as we must have the original document recorded at the clerk of court**)
If you submit a 65+ application, you will also need to enclose a copy of your state-issued ID that shows your date of birth and current address.
If you are submitting a disabled/disabled veteran application, we require a certificate from your physician, certifying that in the opinion of such physician, such person is mentally or physically incapacitated to the extent that such person is unable to be gainfully employed and that such incapacity is likely to be permanent. Or, in the case of disabled veterans, we require a copy of the rating letter from the VA that shows that your combined rating is 100% or that you are being paid at the 100% level.
The Lumpkin County Appraisal Department is dedicated to the fair and equal assessment of the taxpayer’s property values and shall conduct themselves in a professional, courteous, and respectful manner.
The Lumpkin County Board of Assessors oversees the operation of the Tax Assessor’s office.
Lumpkin County Board of Assessors Utilizes the Following Appraisal Methodology in Establishing Fair Market Value:
Cost Approach – This approach is based on the principle of substitution. This method seeks to determine the replacement cost new of an improvement less depreciation plus the land value. This method estimates the value of the property by estimating the cost of construction based on replacement or reproduction cost new or trended historical cost. Depreciation is then subtracted. The land value is then added to the improvement value.
Sales Comparison/Market Approach – This approach is based on the principle of supply and demand as well as the principle of substitution. This method estimates the property’s value by reference to comparable sales. The four main steps are: (1) collecting and analyzing the property data, (2) selecting appropriate units of comparison, (3) making reasonable adjustments based on market data, (4) applying the data to the subject property.
Income Approach – This approach is based on the concept that the current value is the present worth of future benefits to be derived through income production by an asset over the remainder of the economic life. The income approach uses capitalization to convert the anticipated future benefits of the ownership of the property into an estimate of present value. The five main steps are: (1) estimate the gross income of the property from market data, (2) estimate the operating expenses from market data, (3) estimate the net income, (4) selection of appropriate capitalization method or technique, (5) compute the value by capitalization. This approach works off the concept that the net income divided by the capitalization rate will equal the property’s value.
After completing all calculations, considering any information supplied by the property owner, legal research, and considering the reliability of sales, cost and income and expense information; the appraisal staff will correlate any value indicated by those approaches to value that are deemed to have been appropriate for the subject property and form their opinion of the fair market value. The appraisal staff then presents the resulting proposed value assessments to the Board of Assessors for final approval.