Assessor Department
Assessor's Notice:
The Assessor's Office Staff are in the process of conducting its annual Measure and List of Real and Personal Property in compliance with the Dept. of Revenue's Certification and interim regulations. The properties that are being revisited consist of properties with buildings permits, properties that have been identified for re-inspection, properties that have not been inspected in the last 5-7 years, and sales.
FY 2010 Tax Rates Approved; Classification Hearing results - UPDATED - The Department of Revenue has approved FY 2010 property tax rates of $14.63 per thousand of assessed value for residential and $23.11 for commercial/industrial/personal property.
At the annual Classification Hearing on December 7, 2009, the Board of Selectmen voted to establish a Residential Factor of "0.8948" for the FY 2010 property tax rate. That selected policy option is expected to produce a 1.39% increase in the tax bill for an average residential property assessed at $368,309; and a 1.58% increase in the tax bill for a commercial/industrial/personal property assessed at $491,000.
In preparation for the classification hearing, the Board of Assessors had provided information to the Board of Selectmen and a worksheet of policy options for the FY 2010 Property Tax Rate. See notes on Exhibit and Presentation, FY 2010 tax shift examples, historical data on prior year tax shifts, 2000-2008 Littleton housing sales volume and home sales prices. See also a side-by-side comparison of the total assessed values by class for FY 2009 and FY 2010. Earlier, the Assessors had received notice of Preliminary Certification of FY 2010 Real Estate and Personal Property Values from the Massachusetts Department of Revenue. See previous vs. current assessments FY 2009/ FY 2010.
Massachusetts law requires assessors to value all real and personal property within their community. They value every property, from single-family residences to the large commercial and industrial enterprises. Valuation in Massachusetts is based on "full and fair cash value," the amount a willing buyer would pay a willing seller on the open market. Properties such as churches and educational institutions are also valued even though they are exempt from taxation.
| FY 2010 UPDATED Previous vs. Current Assessments FY 2009/ FY 2010 |
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The Department of Revenue has approved FY 2010 property tax rates of $14.63 per thousand of assessed value for residential and $23.11 for commercial/industrial/personal property. The new tax rates mean a 1.39% increase in the tax bill for an average residential property assessed at $368,309; and a 1.58% increase in the tax bill for a commercial/industrial/personal property assessed at $491,000. .
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FY 2009 Previous vs Current Assessments FY 2008/ FY 2009
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The Department of Revenue has approved FY 2009 tax rates of $13.85 per thousand of assessed value for Residential property, and $22.76 per thousand for Commercial/Industrial/Personal property, reflecting the policy options adopted by the Board of Selectmen at the annual classification hearing. The new rates mean a 2.94% increase in the tax bill for an average residential property assessed at $383,736; and a 10.65% increase in the tax bill for a commercial/industrial property assessed at $491,000.
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| FY 2008 FY 2008 Property Tax Rates were as follows: |
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| Property Classification |
Tax Rate per $1,000 of assessed value |
| Residential |
$12.62 |
| Commercial-Industrial-Personal |
$20.57 |
The Board of Selectmen held the annual property tax classification hearing on Monday, November 19, 2007 at 7:30 PM. The purpose of the hearing, held pursuant to MGL C.40,s.56, was to determine the allocation of the local property tax levy among the five property classes for Fiscal Year 2008. The Board of Assessors provided the following information regarding the various policy decisions available: Presentation1 Presentation 2 Presentation 3 10-year Res cf. CIP. Following the Assessors' presentation, the Board of Selectmen voted to adopt Option No. 5, to establish the residential factor at 0.9060, producing similar percentage increases for the average residential and commercial tax bills.
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| FY 2007 The FY 2007 tax rates were $12.11 for residential and $20.11 for commercial-industrial-personal personal. |
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| FY 2006 FY 2006 Values |
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