Fiscal Year 2020 Assessments and Tax Bills
VALUES: Property valuations were adjusted for Fiscal Year 2020 after analysis of real estate sales that took place in calendar year 2018 and represent 100% fair market value as of January 1, 2019. Online Property Record Cards which include Current FY19 Values can be found here. FY20 values will be uploaded to the website by Oct 4, 2019.
OWNER: Taxable property is assessed to the record owner on January 1, 2019.
TAX RATE: The fiscal year 2020 Residential tax rate is $7.33 per $1,000 valuation.The fiscal year 2020 Commercial, Industrial & Personal Property tax rate is $7.07 per $1,000 valuation. The Community Preservation surcharge is an additional amount, calculated each year by multiplying the total Real Estate tax by 3%.
TAX BILLS: The fiscal year 2020 tax bills, covering the period beginning July 1, 2018 and ending June 30, 2019, are to be mailed October 4, 2019 (first half) and April 1, 2020 (second half).
ABATEMENTS: Abatement applications for fiscal year 2020 must be filed with and addressed to the Board of Assessors, not the Tax Collector AND must be postmarked or received in the Assessors Office on or before 30 days after the tax bills have been mailed. Application information is printed on the back of the first half bill.
EXEMPTIONS: Exemption applications for qualifying* seniors, veterans, blind and hardship can be requested from the Assessors Office by calling (508) 349-7004 ext 117. Be advised all exemptions are due by April 1, 2020 by end of business. *Please Note: Only those persons whose Truro property is their domicile (primary residence) can apply for an exemption.
RESIDENTIAL EXEMPTIONS: Exemption applications are available on this website or can be requested from the Assessors Office by calling (508) 349-7004 ext 117. Be advised all exemptions are due by April 1, 2020 by end of business. *Please Note: Only those persons whose Truro property is their domicile (primary residence) can apply for an exemption.
Property owner's rights and responsibilities for timely payments, abatement applications and exemption applications are explained on the back of the first half tax bill.