Indy Realtor's Blog: Westfield Real Estate

Westfield Indiana just received a $900,000 grant from the state that the city will use to extend the Monon Trail from 161st to IN 32.  The Monon Trail in Westfield was just 1 in 28 similar projects around the state of Indiana to receive a total of $19 million in grants from the Indiana Department of Natural Resources. 

Westfield in hoping that the improved trails will lead to future growth and development of its downtown area where the Monon will intersect with an east-west trail, Midland Trace, which runs south of IN 32.  Westfield has already been planning on extending the Monon from the Carmel borders to 156th with work expected to begin this summer.  Eventually the city intends to extend the trail up to 216th street and add a loop from 161st street…

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…