Check Your Tax Proration!

If you sold a home in Fulton County earlier this year, chances are you might be due some money from the buyer.  Check your settlement statement for the tax proration.  If the 2015 taxes were not yet available, the calculations were probably done using the 2014 numbers.  Well this year, Fulton County reduced their millage rate by roughly 4.4%.  This equates to about $135 in tax reduction per $100,000 of taxable value.  Since the seller gives the buyer a credit for unpaid taxes, there's a chance that you may have overpaid.  But don't worry, typically the buyer and seller sign an agreement stating that they will adjust the prorations once the actual bills are received, so you can still get reimbursed what you're owed.