Home Real Estate Hot real estate market affects property values in North Georgia counties

Hot real estate market affects property values in North Georgia counties

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Like most of the Chattanooga area, property values are rising in Northwest Georgia counties including Catoosa and Walker.

Assessed values of the 23,000 residential properties reassessed this year in Walker County have increased by an average of 14% since they were last appraised in 2016.

Despite the large increase, very few have appealed their home’s reassessment, said Walker County Chief Appraiser Terry Gilreath.

“It’s probably the least amount of appeals we’ve ever had,” he said, adding that he finds that very surprising.

Catoosa County, which had a similar increase to Walker in assessed values of residential properties at 14.5%, received nearly twice as many appeals this year as it did previously, going from 77 in 2020 to 141 in 2021 just ahead of the July 12 filing deadline.

Assessed values are determined using the sales prices of homes across the county, and many homes in Walker County are selling for $30,000-$50,000 more…

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