Some $241 million worth of Bibb County home values evaporated in 2011, even as residential property values stabilized in much of Houston and Peach counties, newly released figures from tax commissioners show.
Worst hit were properties inside Macons city limits, where home values fell about 6.5 percent, from about $2.25 billion to $2.1 billion. The city has been losing population for decades, according to the U.S. Census Bureau. Unincorporated Bibb County also lost nearly $100 million in home values, at a rate of about 2.7 percent.
Things were more polarized in Houston County, where Warner Robins residential values climbed about 3.4 percent and residential properties in the unincorporated area fell by about 3.4 percent.
The values come from each countys tax digest, which is a tally of each countys assessed taxable value. The
Article source: http://www.macon.com/2012/08/17/2141235/tax-figures-show-bibb-homes-lost.html
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