What is the statutory date of valuation for the State of Georgia?

In the State of Georgia, the statutory date of valuation is January 1st. This date is critical for property appraisal as it establishes the point in time at which property values are assessed for tax purposes.

January 1st is significant because property owners are required to be aware that the valuation as of this date will be used for determining property taxes for that calendar year. This means that any changes in property condition, ownership, or usage occurring after this date will not impact the valuation for that year's tax assessment.

Understanding this date is essential for appraisers as it helps guide their evaluations and reporting. It ensures that all appraisals conducted align with the statutory requirements and helps property owners understand when their property's value is officially established for tax assessments.