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Home values in Mass. fall 3.2%

Average is $361,629; taxes increase 3.3%

By Matt Carroll

 |  Globe Staff  

  November 21, 2011

The value of an average single-family home dropped in three-quarters of the state’s communities over the past year, even as taxes continued to climb. The average assessed value for a home in Massachusetts in fiscal 2011 was $361,629, down 3.2 percent, according to a report published last week in City & Town, a publication of the Department of Revenue’s Division of Local Services. That drop continues a trend that began in 2008, after home prices peaked at $406,673 the year before. Taxes, on the other hand, continued to steadily climb.

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