Do property taxes change what your home is worth?

Property taxes do not set your home's market value, since assessed value in Georgia is calculated at 40 percent of fair market value and follows the sale price rather than causing it. A high tax bill can affect a buyer's monthly budget and therefore what they are willing to offer, but the underlying worth still comes from recent comparable sales. Joel Boss factors both the assessment and the comparable sales into any valuation across his North Metro Atlanta towns.