Why does my new assessed value not reflect the value of my house today?

On a yearly basis, all communities in the Commonwealth of Massachusetts must adjust and respond to the sales data from the previous calendar year. The Department of Revenue requires that a full year of sales data be analyzed. With valuation approval required by December of each year, sales from the previous year are required. Therefore, assessed value is a historical value and not a present market value which could be greater or less than depending on current market conditions.

Show All Answers

1. What are different types of exemptions that are available?
2. What are the Assessor’s Office responsibilities?
3. What is excise tax?
4. What is the current tax rate?
5. What is the difference between an exemption and abatement?
6. Why did I receive a note on my door indicating that the Assessor wanted to inspect my property?
7. Why does my new assessed value not reflect the value of my house today?
8. What is Proposition 2½?
9. Why is did my tax bill increase by more than 2 1/2 percent from the previous year?
10. Why is the previous owner's name still on my tax bill when I purchase the property within the last year?