Atlanta Commercial Property Values under Scrutiny

The Fulton County Tax Assessors office is facing more scrutiny - this time, over commercial property values that appear to lag behind recent sales prices.

Local reporters investigated +260 multi-million dollar commercial properties sold since 2015, and found about 175 of the properties sold for significantly more than the Tax Assessors’ office had valued the property for tax purposes.

The inference drawn (and likely the subject of audit by the County Commissioners) is that these commercial properties are being under valued, putting a greater property tax burden on other property owners, including residential owners.

Atlanta, Fulton seek audits after questions about commercial values

Officials in Atlanta and Fulton County have requested audits to review allegations that government tax appraisers consistently undervalued commercial buildings and may have cost their governments millions in potential tax collections, a trend highlighted earlier this month in an Atlanta Journal-Constitution/Channel 2 Action News investigation.