Malls Washed Up? Not Quite Yet: Ideas for Metro Atlanta

[demonta4]

Originally Posted by 80s_kid

I know Southlake Mall is trash now. It's useless.

If Southlake is trash, then Northlake, North Dekalb, and Stonecrest are also trash because they are basically the same. Also Gwinnett Place must be an absolute wasteland.

[Caleb Longstreet]

Originally Posted by cwkimbro

That is because the actual value of their property value assessment has gone up 46%

The land value fell really badly from the recession. More people have jobs, sales are up, the mall is more valuable. That is also because "these economic times" are far better now than just a few years ago.

If anything they got a reprieve from paying as much in taxes from the recession, not a tax hike. Local governments were cash strapped and were having trouble funding basic road and utility maintenance for several years.

Compared to most parts of the country those property taxes are also low.

So please spare us your ignorance of how property tax works.

If you actually think the value went up 46 percent you haven't noted all the vacancies, have you? If you think the value has gone up, tell me why my taxes were lowere 10% and have stayed the same the last two years. Oh, and I live two miles away....

North point gone up 46%????? ROFLMAO!!! Jobs going up? Verizon up the street is imploding. Office max is being consolidated into staples and many stores are planned to close. Restaurants come and go but, it seems they aren't coming like they used to. Please. Has it gone up since 2009? Sure. Gone up 46% in one year? Laughable.

NYC is the only place I can think of that rebounds like this. Heck, even south Florida hasn't come back that strong and the chinese are pumping ONE BILLION into a casino!

North point mall going up almost 50% sounds more like Fulton county starving for some more of that north Fulton feedbag. Sure can't get it from the urban constituents or are they booming too? Hah!

[cwkimbro]

Originally Posted by Caleb Longstreet

If you actually think the value went up 46 percent you haven't noted all the vacancies, have you? If you think the value has gone up, tell me why my taxes were lowere 10% and have stayed the same the last two years. Oh, and I live two miles away....

North point gone up 46%????? ROFLMAO!!! Jobs going up? Verizon up the street is imploding. Office max is being consolidated into staples and many stores are planned to close. Restaurants come and go but, it seems they aren't coming like they used to. Please. Has it gone up since 2009? Sure. Gone up 46% in one year? Laughable.

NYC is the only place I can think of that rebounds like this. Heck, even south Florida hasn't come back that strong and the chinese are pumping ONE BILLION into a casino!

North point mall going up almost 50% sounds more like Fulton county starving for some more of that north Fulton feedbag. Sure can't get it from the urban constituents or are they booming too? Hah!

Check out the property tax assessment. It's a fact.

The value went up because consumer confidence returned, people are spending money, and retail is back in demand after a very deep recession.

The other reason for the abrupt change is the tax assessor frequently does not re-appraise property values every year. It is often every 2-3 on rolling basis.


Now if you excuse me I'm going to go be over dramatic...


ROFLMAO!!!!! OMG ?????????? Laughable!!!!!!

OH Yea tell me why a house that isn't a retail establishment 2 miles away went down 10%, but I won't tell you which one. HAH!


Ok, finished..... Whew, that felt kinda fun. Sort of like I'm in high school again.

[0nyxStation]

Possibly they will be washed up soon, but only time will tell.