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Prince George’s officials tout rising property values

Prince George’s County Executive Rushern L. Baker III. (The Daily Record/Jason Whong)

Prince George’s County Executive Rushern L. Baker III. (The Daily Record/Jason Whong)

UPPER MARLBORO — Prince George’s County officials say property values in some parts of the county are rising faster than in the rest of the state.

County Executive Rushern Baker’s office said that assessments released this week show a 14 percent increase in commercial property values and a 12 percent increase in residential property values in Prince George’s.

The reassessed properties are mostly located in wealthier portions of the county outside the Capital Beltway, including the communities of Laurel, Bowie and Upper Marlboro.

The new tax rates take effect on Jan. 1.

Baker says in a statement that raising property values has been one of the key goals of his administration.

Prince George’s is the nation’s wealthiest majority-black jurisdiction.