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% ; <br />y \ • <br />M „ <br />k <br />I ' * <br />f <br />t L <br />y <br />Change in Market Values <br />Property values within cities experienced strong growth increasing 5.9% from 1995 to 1996 statewide. This <br />growtli results from both new construction and increases in existing property values. This marks the second <br />year of substantial valuation increases following a period of rather sluggish growth. As the following chart <br />illustrates, the major component of growth was again in the residential homestead classification. <br />Statewide Change In Market Values (within Cities) <br />Taxes Payable 1995 to 1996 <br />0 0% <br />CewfwwwiitjOwWOI <br />RMMMUMHDmMlMd <br />In comparison, the total market value increase on property within the City of Orono from 1995 to 1996 was <br />8.5%. <br />-4-