KINGSTON – The City of
Kingston real estate market has stabilized and started to show “real
positive growth” in many areas when analyzing sales compared to
their assessments, Mayor Steven Noble said Wednesday.
The positive residential values appeared in the Uptown, Stockade, Avenues, Downtown, Roosevelt Park, and Hutton Park neighborhoods, and with condos, townhomes, and new subdivisions, the mayor said, noting the most positive gains were found in commercial properties.
“We are seeing properties selling for more and we are seeing values rise and we think that is a good thing for the Kingston economy; it has not been that way for a long time,” Noble said. “The city assessor’s office is one of the first offices that sees that change starting to happen and it kind of happens through assessments.”
Property in Kingston is assessed at 100 percent of market value.
Drivers cautioned to use care in work zones (VIDEO)
April 21, 2024
