What are we measuring?
This metric tracks the value of commercial and industrial real property in Fulton County as a percentage of the value of all real property in the County. Property values are based on the fair market value as determined by the Fulton County Board of Assessors.
Why is it important?
Property taxes are the largest single source of revenue for Fulton County and is critical for the funding many of the County's services and facilities including the courts, libraries, health clinics, senior services and the jail. Property tax revenue comes from residential, commercial and industrial properties. A large commercial and industrial tax base is important in reducing the tax burden on individual property owners.
How are we doing?
The value of commercial and industrial buildings and land in the county as a proportion of all real property value declined from 43.5 percent in 2000 before reaching a low of 36.1 percent in 2007. Since 2007 the percentage had been increasing, reaching 42.3 percent in 2017 but dropping to 39.6% in 2018.