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Georgia Property Tax Updates

UPDATED SEPTEMBER 2019

Condo Valuation Tied to Examination of Documents

In Glynn County Bd. of Assessors v. SIO Propco I, LLC, 2019 Ga. App. LEXIS 386 (June 25, 2019), the Georgia Court of Appeals reversed the trial court’s decision granting partial summary judgment for the taxpayer. The trial court held, as a matter of law, that the tax assessors were required to deduct the value of club membership rights from the price used to value certain interests in condominium units.  The Court of Appeals reversed, holding that the documents governing the sale and transfer of the units and membership in the club created an issue of fact as to the degree to which obtaining a club membership was bound up with the sale of the condominium units. The Court of Appeals also held that the trial court also erred in holding, as a matter of law, that the tax assessors were required to extract the value of specific percentages of annual club dues from the gross sales price of comparable sales to determine the values of other properties.

Lisa F. Stuckey
Ragsdale, Beals Seigler, Patterson & Gray, LLP
American Property Tax Counsel (APTC)

 

Florida Property Tax Updates
Idaho Property Tax Updates

American Property Tax Counsel

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