Home Values Soar In Southbury: Report

SOUTHBURY, CT — Revaluation has had a major impact on property values in Southbury

The Republican-American reports that home values jumped by 34 percent to $331,000 when compared to five years ago. At Heritage Village, home values skyrocketed by 87 percent on average. The value of commercial properties in town dipped by 4 percent.

It's still unclear what impact revaluation will have on taxpayers. The town's current tax rate is 28.6 mills.

>>>Read more at the Rep-Am.