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City?s home values outpacing surrounding counties

By Andrew Cannarsa
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The city?s property values are increasing faster than all other state jurisdictions, driven by new development on the city?s east side.

Over the past three years, property values in the city have seen an average annual increase of 25 percent ? up from 21.6 percent last year ? according to 728,185 assessment notices to be mailed to property owners across Maryland by the state Department of Assessments and Taxation (SDAT).

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