Cobb County changes assessment notice format for 2024 property tax bills

On June 6, 2025, Cobb County officials held a meeting to discuss significant changes to the Notice of Assessment that homeowners will receive this year. These changes, mandated by the Georgia Department of Revenue, have resulted in a later distribution of assessment notices compared to previous years.

One of the most notable alterations is found in Section C of the notice, where the estimated tax bill has been replaced with an estimated rollback rate. This rollback rate indicates the percentage by which local jurisdictions would need to reduce their tax rates to maintain revenue neutrality amid rising property values. The new format will include separate lines for county, school, and city rates, if applicable. This change aims to provide homeowners with clearer information regarding potential tax implications.

The rollback rate is calculated collaboratively by the tax assessor's office and the tax commissioner's office. While this figure is intended to be informational, it does not reflect the actual tax amount homeowners will owe at the end of the year, which has been removed from the notice. Instead, homeowners can access an upgraded tax estimator tool on the Cobb County Tax Assessor's website, allowing them to calculate their potential tax bills based on current values.

During the meeting, officials noted that the overall property market in Cobb County is experiencing a slowdown, with properties taking longer to sell. Despite this, only about one-third of property owners will see an increase in their assessed values this year. This statistic highlights the mixed nature of the current real estate landscape, where values are not necessarily decreasing but are stabilizing.

The discussions emphasized the importance of transparency and communication with homeowners regarding these changes. As the county navigates these adjustments, officials are committed to ensuring that residents have access to the necessary resources to understand their assessments and tax obligations. The meeting concluded with a focus on ongoing efforts to provide clear information and support to the community as they adapt to these new assessment notices.