Property tax assessments lowered in Atlanta metro area

As we all know property values have taken a serious hit due to the number of foreclosures and fallout from the credit crisis. Below are some statistics that provide some insight into the Atlanta metro area. If you want to appeal your tax assessment, make sure to contact your county tax assessor and learn what steps are necessary to dispute your assessed value:

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%)

Source: Atlanta-Journal Constitution - www.ajc.com