What is the date of valuation of property for property taxes in Georgia?

In Georgia, the date of valuation for property taxes is January 1. This date is crucial as it marks the point at which properties are assessed for tax purposes. As of January 1, all property owners are expected to understand that their property will be evaluated based on its value as of that date for the upcoming tax year. This assessment date provides a consistent reference point for determining property values and ensures that all properties are assessed uniformly.

The importance of January 1 as the date of valuation lies in its role in the administrative process of property tax collection in Georgia. Property owners should be aware of this date for any changes in their property's condition or market value, as these factors will influence their tax assessments.

Other dates mentioned, such as March 1, July 1, or April 1, do not hold the same significance regarding property tax assessments in Georgia. Rather, January 1 serves as a legally established benchmark that aids both the state and property owners in understanding property value for tax liabilities.