And my net worth keeps on growing in the wrong direction

ZIP code 30032 near Columbia Drive and Glenwood Road, for example, was reappraised downward by a total of $287 million. The median decline in tax appraisals was 21 percent, but sales data show that the median price fell by nearly half. This suggests that tax valuations could have been cut even more, and that some homeowners are paying tax on values their property no longer holds.

From DeKalb’s slashing falls short in today’s Atlanta Journal-Constitution. (Via Decatur Metro).

Lower taxes, yay? Though based on recent sales in my ZIP code and on my street, I am upside down on my mortgage to the tune of about $80,000.