A report by the state Department of Revenue shows that the value of homes, businesses and other property in the state fell by 1.8% to $487Ã¢â‚¬â€°billion in 2010. That compared with a 3.1% drop in 2009.
Property values in the state have been falling since 2008. Before this three-year downturn, there is only one other year going back to 1959 in which property values fell, according to state figures that are not adjusted for inflation.
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