Property values going up around lake
The tiny hamlet of Austin is now the fourth small municipality within the Memphremagog MRC where the total value of the properties is more than $500 million. Property values for houses, land and businesses within the town climbed from roughly $488 million three years ago, when properties were last evaluated, to $578 million for the 2012 property evaluation roll. The increase was minimal on commercial or agricultural properties; it was the mansions near the lake that were primarily responsible for the increase with one property reaching a value of $7 million.
The three other municipalities with property values of more than $500 million are Stanstead Township at $501 million, Orford Township at $596 million, and Potton Township at $624 million.