Sen. Kelly Loeffler's property tax plunged after mansion's value mysteriously dropped [View all]

[Roisin Ni Fiachra]

The value of Sen. Kelly Loeffler’s lavish Atlanta mansion mysteriously plunged four years ago, resulting in a dramatically lower property tax bill.

The Georgia Republican bought the 15,000-square-foot mansion in 2009 with her husband Jeffrey Sprecher for $10.5 million, then the most expensive home purchase in the city’s history, but the value suddenly dropped to $4.15 million in 2016, reported The Daily Beast.

“You know something’s wrong there, if there was just a singular discount,” said R.J. Morris, a former member of the Fulton County Board of Assessors who reviewed the tax documents with the couple’s names redacted.
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Even more curiously, seven of their eight closest neighbors saw their property values rise, according to records kept by Fulton County, where officials were unable to offer an explanation for the discrepancy.

https://www.rawstory.com/2020/12/sen-kelly-loefflers-property-tax-plunged-after-mansions-value-mysteriously-dropped/