Prop­erty val­ues go­ing up around lake

Stanstead Journal - - NEWS BRIEFS -

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.

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