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Hopkinton revaluation reveals 10.5 percent drop

April 30, 2014

HOPKINTON — In a town-wide full revaluation, Hopkinton’s property values were reduced by an average of 10.5 percent. Letters with updated property values were mailed to all town residents on April 9.

Rhode Island law mandates property valuation updates every three years to determine the fair market value of all real estate. Full revaluations are required every nine years and include inspection and remeasuring the interior and exterior of properties. Statistical valuations are performed every three years.

For the rest of this story and more local news, pick up a copy of the Chariho Times.

Southern Rhode Island Newspapers
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