Last year, most areas of Watertown saw an increase in real estate values, Town Assessor Francis Golden told the Town Council, and the trend will likely continue.
During his property tax presentation, Golden said 75 percent of neighborhoods appreciated last year. This resulted in an increase of property taxes of about 3.25 percent, he said (click here to read more details).
Some of the additional value came from the new apartment complexes being built on the west side of Watertown, but a lot comes from appreciation of existing properties.
Golden said Watertown has become a very attractive place to live.
“This is a good place to live,” Golden said. “That’s why home sales are going up. You will see the same thing next year – values going up.”