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HOME » Archives for December 2009

Atlanta Home Prices Down

December 30, 2009

The housing price downturn has hit Atlanta fairly hard even though it didn’t have the same boom as other cities.

Home Values and Tax Appraisals Don’t Add Up

December 9, 2009

Georgia’s property tax system imploded with last year’s historic real estate collapse. Across metro Atlanta, home values fell tens of thousands of dollars — sometimes hundreds of thousands — but tax appraisals did not follow them down.

In an unprecedented comparison of actual sales values vs. county tax appraisals, The Atlanta Journal-Constitution examined every residential property sale and every change in tax value in Cobb, Clayton, DeKalb, Fulton and Gwinnett counties in 2009 — about 550,000 records. The newspaper found that, for the first time, county appraisals are higher — sometimes much higher — than property is now worth, which means that tens of thousands of homeowners are being unfairly taxed ?on value their property no longer holds.  » Learn More

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