Taxes

Fulton County Tax Foreclosure Sales (and How to Find Them)

In the state of Georgia, it’s legal for the government to seize property, such as homes and land, for the nonpayment of taxes.

According to the Georgia Department of Law, a homeowner’s obligation to pay property taxes is backed by the property itself.

If a homeowner fails to pay, the county tax commissioner can sell the home to raise the amount due back in taxes. Often these homes sell for exceptionally low prices—but how does the whole process work?
How Does a Property Get Seized?
When a homeowner’s property taxes are past due, the tax collector can proceed through a non-judicial tax sale or a judicial tax sale. (The former doesn’t go to court, but the latter does.)
Non-Judicial Tax Sales in Fulton County
After the tax commissioner warns the owner and the payment deadline passes, the commissioner turns the case over to the sheriff’s department, issuing a writ of execution. The writ orders the sheriff to sell the property at auction to the highest bidder in what’s known as a sheriff’s levy and sale.

The sheriff must send out written notice and publish an official Notice of Sheriff’s Sale in the Daily Report.
Judicial Tax Sales in Fulton County
A judicial tax foreclosure sale, which is less common than a non-judicial tax sale is, requires the tax commissioner to go to court. The tax collector can take action exactly one year after the property taxes are due.

You’ll find properties up for judicial tax for closure sales in the Daily Report, as well.
Where to Find Tax Sales in Fulton County
Many REIs use the Daily Report’s online “Public Notices” section to find information on affordable properties that may actually be gold mines.
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3 HUGE Real Estate Tax Mistakes

Disclaimer: We do not provide tax, legal or accounting advice. This post has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisers before engaging in any transaction.

Filing taxes as a homeowner is not rocket science—it just feels like it. You may qualify for all of the basic deductions, but many others aren’t so obvious, and that’s when the mistakes occur and the IRS slaps you with an audit. If you want to maximize your tax benefit as a homeowner and avoid getting on the wrong side of the IRS, here are some common mistakes you’ll want to avoid.
Huge Real Estate Tax Mistake #1: Deducting the Wrong Year
That’s right, it happens more often than you think. This is because some taxing authorities operate a full tax year behind. In this case, it’s possible that you paid your 2014 taxes in 2015. So as you can see, it’s important that you don’t try to match up your 2015 property tax bill with your 2015 taxes, as the tax deduction is only for the taxes paid in that year.
Huge Real Estate Tax Mistake #2: Missing the Mark on Energy Efficiency Upgrades
You may have made energy-efficient upgrades to your home, in which case you could qualify for a tax credit—but there are a number of stipulations involved. With the residential energy property tax credit, you can write off 10 percent of the cost of energy efficient upgrades or 100 percent of the purchase cost of certain items, like electric heat pumps or natural gas furnaces. However, these improvements must meet guidelines established by the U.S. Department of […]