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Posted on: December 18, 2019

FY20 Real Estate and Personal Property Assessments & Tax Rate approved by DOR.

On October 16, 2019, the FY2020 Real & Personal property assessments were approved by the Department of Revenue/ Division of Local Services.

The Board of Assessors reviewed and analyzed over 230 arms-length sales which included residential, commercial and industrial sales covering the period from January 1, 2018 through December 31, 2018.

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 3% on average. 

Fiscal year 2019 real estate values totaled $1,924,436,236.  Fiscal year 2020 values are $1,981,005,700 which is an overall increase of 3%.  Fiscal year 2019 personal property value was $70,551,200.  Fiscal year 2020 personal property value is $74,309,200 which is a 5% overall increase.

On November 12, 2019, 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 2020 tax rate of $20.84 on November 20, 2019 for all classes of property. 

The actual tax bills for FY 2020 will be mailed on or before January 1, 2020.  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 Monday, February 3, 2020 with the second installment (known as the 4th quarter bill) due on Friday, May 1, 2020.  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 Monday, February 3, 2020.

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