By the state of Maryland's latest estimation, commercial real estate in Havre de Grace increased in value while residential properties saw a decrease, reported Explore Harford.
Every three years, the state assesses properties in chunks, and Havre de Grace residences, which hadn't been assessed since 2009, got new reports as of Jan. 1, 2013.
Havre de Grace home values decreased on average 7 percent, Explore Harford said. That meant they were in line with statewide trends.
This year, 77 percent of the residential properties that were assessed decreased in value by an average of 7 percent, according to the Maryland State Department of Assessments and Taxation.
On the other hand, commercial properties in Havre de Grace saw an increase in value.
Statewide, commercial property values increased in more than half of Maryland's jurisdictions, by an average of 11 percent, the State Department of Assessments and Taxation reported.
Commercial property values in Havre de Grace went up by approximately 6 percent, according to Explore Harford.
Property taxes will not be finalized until July, the state said, based in part on local governments' budgets and tax rates as well as the new assessments.
Until Feb. 11, property owners can request an appeal to their assessments if they believe the data does not reflect the market value.