Whitepaper – What Do Increases in Market Values Mean for Homeowners?

The steady market inflation of property tax increases of New York City brownstones could provide some unique opportunities for those who are savvy enough to grab on.

Market values for one, two and three family homes saw an increase of 8.6% citywide…while Brooklyn saw the greatest increase in market value of nearly 18%. This consistent climb in the market is fantastic news if you’re a real-estate broker, but what does this mean for the property owners that already own a home in Brooklyn area? And what does it mean for their insurance values?

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