In paying the quarterly installment of the Nantucket tax bill, $1211.72 (Annual= 4385.53) I notice that the valuation of the property has increased by 64%. Previously: $766,700.00; now $1,258,900; where the land is now valued at $696,700 and the house at $566,200. Total expenditures for the house as of 4-15-2017 are $202,782.00. The paper profit on the house: $566,200-$202,782= $359,418 or 177%