Wednesday, July 08, 2015

Dunwoody Expedites Homestead Exemption Refunds

The City of Dunwoody and the DeKalb County Tax Commissioner's Office examined residential tax records from 2012 to 2014 and will expedite refunds for Dunwoody homeowners who qualified for a residential property assessment freeze exemption.

By City of Dunwoody

City Continues Coordination with DeKalb County to Advance Property Assessment Freeze Refunds for Select Homeowners

 

Dunwoody, GA – July 8, 2015 – The City of Dunwoody and the DeKalb County Tax Commissioner’s Office examined residential tax records from 2012 to 2014 and will expedite refunds for Dunwoody homeowners who qualified for a residential property assessment freeze exemption for the purpose of city taxes over the three year period.

Initial examination of tax records from 2012 to 2014 indicate approximately one in five residential parcels within the city were not properly credited with the property assessment freeze exemption. The city is coordinating refund distribution with DeKalb County and plans to issue individual refunds over the next 30 – 45 days.

Dunwoody homeowners who filed and qualified for a homestead exemption and received an increased property assessment during 2012, 2013 and/or 2014 above what their assessed home value was in 2009 will receive a refund. Refund payment amounts will vary according to individual property assessment increases incurred over the three year period.

Qualifying Dunwoody homeowners will receive refunds according to individual annual tax payment methods. Refund payments will be distributed either directly to the taxpaying homeowner or to the homeowner’s mortgage company escrow account. All affected homeowners will receive a letter from the City of Dunwoody indicating refund amounts and distribution method.

Approximately 2,748 residential parcels were affected based on initial analysis of the Dunwoody residential tax records for the three year period.  The city plans to issue a total of approximately $150,000 plus interest in property assessment freeze refunds for affected residential parcels.

The city will continue working with the DeKalb Tax Commissioner’s Office on expedient refund distribution to all qualified and affected parcel owners. 

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