DeKalb Real Estate Losses Total $1B
DeKalb County homes and real estate have lost $1,000,000,000 in value (yes...that's a lot of zeros) since April 2009. A Thursday meeting of county assessors revealed the taxable value of land and buildings in unincorporated DeKalb currently stands at $16.7 billion. That number represents a 5% decline since the last report released just a month ago.
The reason for such dramatic changes? The AJC reports the falling values are the result of consideration given to the impact of foreclosures on the current real estate market.