Fiscal Year 2008 Assessments and Tax Bills
VALUES: Fiscal year 2008 property valuations have received preliminary approval by the Mass. Department of Revenue and are available for review by property owners until March 21, 2008. The proposed values are the result of revaluation adjustments applied after analysis of real estate sales from the latter part of 2005, through calendar 2006 and into the first part of 2007. They represent 100% of fair market value on January 1, 2007.
OWNER: Taxable property is assessed to the record owner on January 1, 2007.
TAX RATE: The fiscal year 2008 tax rate has not yet been set. The Community Preservation surcharge is an additional amount, calculated each year by multiplying the total Real Estate tax by 3%.
TAX BILLS: The first half fiscal year 2008 tax bills were mailed January 4, 2008 and were due on or before February 4, 2008. Since fiscal year 2008 is a revaluation year, and since the revised property values and a tax rate were not yet approved by the Department of Revenue, first half bills were “preliminary” and requested one half of the total tax due last year, minus any abatement or exemption that was granted. Since then, the proposed values have preliminary approval for review until March 21, 2008 and are subject to change. After the review period is complete and the proposed values receive final approval, the second half bills can be issued with the revised values and tax rate.
ABATEMENTS: Applications for abatement of fiscal year 2008 assessments can not be made until after the second half tax bills have been mailed. Abatement applications may be downloaded in Adobe Acrobat Reader format. If Adobe Acrobat Reader is not already installed in your computer, you may first download a free copy by clicking on the Acrobat Icon below. Then proceed to download an application by selecting the following: Abatement applications may be downloaded by clicking here.
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