How can I get a good estimate on taxes when running the numbers?

[AJ Satcher]

Hey BP! 

As I am running numbers on properties, is it safe to expect the county to match the appraised value based on the most recent transaction? Say in 2024 the county appraised a property at $530K. It's 2025 and the seller and I agree on a $700K transaction (This is an actual deal I am analyzing now btw). Does that mean that the county will reassess based on that $700k? 

Taxes can feel like they are so unpredictable but I am doing my best to get ballpark what they will be. I know how to pull county tax records and look at the mill rate, but I what I don't know is what the county will appraise a home at. This would really help me out in analyzing deals/running the numbers.

I am in GA if that matters any (Fulton, Dekalb, Cobb, etc).

[Ken M.]

Quote from @John Clark:

Quote from @AJ Satcher:

Hey BP! 

As I am running numbers on properties, is it safe to expect the county to match the appraised value based on the most recent transaction? Say in 2024 the county appraised a property at $530K. It's 2025 and the seller and I agree on a $700K transaction (This is an actual deal I am analyzing now btw). Does that mean that the county will reassess based on that $700k? 

Taxes can feel like they are so unpredictable but I am doing my best to get ballpark what they will be. I know how to pull county tax records and look at the mill rate, but I what I don't know is what the county will appraise a home at. This would really help me out in analyzing deals/running the numbers.

I am in GA if that matters any (Fulton, Dekalb, Cobb, etc).

If you buy for $700k then the county will value the property at $700k. It's view is that you can hardly complain.

It just depends by county
Here's a property in Phoenix AZ that sold for $735,000 and they tax assessed it at $36,645