The AJC published an article dated Monday, May 25, 2009 entitled, “Tax assessments drop in five major counties”. The article discusses the continuing real estate collapse, the affect on metro Atlanta counties and questions, “Have they gone far enough”.

The following statistics were provided for comparison:

Five major metro Atlanta counties have dropped values for more than 350,000 parcels:
• Clayton: 90,000 parcels, 70,000 parcels lowered (78%)
• DeKalb: 235,000 parcels, 95,000 parcels lowered (40%)
• Fulton: 335,000 parcels, 100,000 parcels lowered (30%)
• Gwinnett: 273,000 parcels, 70,000 parcels lowered (26%)
• Cobb: 246,000 parcels, 20,000 parcels lowered (8%)

Visit the AJC for the complete story…
Tax assessments drop in five major counties
By D.L. BENNETT
The Atlanta Journal-Constitution
Monday, May 25, 2009