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Posted on: December 5, 2018

FY19 Real and Personal Property Assessments and Tax Rate Approved by DOR

On September 27, 2018, the FY2019 Real & Personal property assessments were approved by the Department of Revenue/ Division of Local Services.

The Board of Assessors reviewed and analyzed over 240 arms-length sales which included residential, commercial and industrial sales covering the period from January 1, 2017 through December 31, 2017.

The purpose of this review was to ensure the assessment to sale ratio met the standards required by the Commissioner of Revenue.

Again this year the review indicated an uptick in the residential market.  The Board of Assessors, based on these sales, found it necessary to increase the single family home assessments upward by 6% on average. 

Fiscal year 2018 real estate values totaled $1,857,816,443.  Fiscal year 2019 values are $1,924,436,236 which is an overall increase of 4%.  Personal property saw an 19% increase, the largest area of increase fell amongst the major utility companies who have replaced older personal property assets.  Fiscal year 2018 personal property value was $56,983,100.  Fiscal year 2019 personal property value is $70,551,200.

On October 23, 2018, during the Tax Classification hearing, the Town Council voted a single tax rate for all classes of property after hearing a presentation from the Board of Assessors.

The Town received approval for the FY 2019 tax rate of $20.55 on November 7, 2018 for all classes of property. 

The actual tax bills for FY 2019 will be mailed on or before January 1, 2019.  This first actual tax bill will be based on the approved fiscal year tax rate and assessments.  The first installment (also known as the 3rd quarter bill) is due on Friday, February 1, 2019 with the second installment (known as the 4th quarter bill) due on Wednesday, May 1, 2019.  Any questions regarding your tax payments should be directed to the Town Collector’s office at 413-525-5400 ext. 1050.

Any questions regarding the assessed value of real or personal property should be directed to the Board of Assessor’s office at 413-525-5400 extension 1600.  Any real or personal tax abatement applications must be filed with the Board of Assessors after the actual tax bills are mailed but no later than Friday, February 1, 2019.


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