Does winning a property tax appeal lower my house's value?

Winning a property tax appeal lowers your assessed value for tax purposes, not your home's actual market value, since Georgia sets that assessed figure at 40 percent of fair market value, not the reverse. Buyers and appraisers still price the home off recent comparable sales, regardless of what the tax assessor's office has on file. Joel Boss can show the difference between assessed value and market value on a specific property.