Real estate revaluation begins

If history is a guide, the valuations of St. John villas are about to skyrocket. 

Reassessment of commercial properties on the island was completed last spring, with increases of 250 and 300 percent reported in Cruz Bay. 

The next step in the territory-wide property revaluation will begin in February when data collectors, finished with their work on St. Thomas and St. Croix,  head to St. John to review residential real estate.  They are expected to photograph and measure every property

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