Westfield to Cut Property Taxes

The good news:  Westfield real estate owners will pay a lower tax rate in 2008.

The bad news:  Because the assessed value in Westfield has gone up, most residents will not see a big change in their tax bill.

In an almost unheard of move these days, Westfield actually lowered the property tax rate.  This could actually be a turning point for Westfield.  Westfield has typically had a very high tax rate compared to some of its other Hamilton County neighbors.  The growth and appreciation of Westfield’s residential and commercial sectors are turning Westfield into a vibrant city not just the city north of Carmel with cheaper houses.  Westfield has been quietly and continually growing due to its affordable home prices, good Hamilton County location and great schools. 

I think this is a great sign for Westfield and Westfield real estate because this is a good omen that it may be coming out of Carmel’s shadow to stand on its own as another commercial and residential real estate powerhouse in Hamilton County. 

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