From the Indianapolis Star:
Serene Prince’s Lakes in rural southern Johnson County and fast-growing Whitestown in suburban Boone County don’t have much in common.
They’re on opposite ends of the metro area. Prince’s Lakes offers seclusion and lakeside living, while tiny Whitestown has seen housing subdivisions pop up around it. But they both hold the distinction of recording some of the fastest-growing property assessments in the eight-county region.
Prince’s Lakes and surrounding Nineveh Township in southern Johnson County notched the highest average increase in assessed value for residential properties from 2011 to 2012 — nearly 13 percent. Neighboring Hensley Township, which contains the town of Trafalgar, is part of an area in which assessments increased 10 percent, ranking third-highest.
To the northwest of Indianapolis, in a growing area that contains Whitestown, residential assessed values on average grew more than 8 percent.
The increase in the Whitestown area is due mostly to an obvious factor. An Indianapolis Star analysis determined that new construction in subdivisions in recent years accounted for most of the increase.
However, the steep average increases in southern and southwestern Johnson County left the elected assessor and real-estate brokers scratching their heads.
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See the full article here:
http://www.indystar.com/apps/pbcs.dll/article?AID=2013303100023
