Real Estate
Study: Home Property Values Up More Than 9% in Plymouth
Officials cite the increase as an example of the township rebounding from the country's recent economic recession.
A recent market study shows an almost double-digit percentage increase in Plymouth Township home property assessments, according to a HometownLife report.
Assessments were up an average of 9.43 percent in the township based on a study of home sales from October 2012 to September 2014, the report stated. Township Supervisor Richard Reaume cited the increase as proof that Plymouth was bouncing back since the national economic downturn of 2007 and 2008, the report added.
Along with residential property, commercial property rose about 1.9 percent in the same time frame, while industrial property only gained a three-tenths of a percent increase, the report stated.
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