Real estate is the physical land and improvements affixed to it. Massachusetts statutes require Assessors to assess all property at its full and fair cash value as of January 1st each year.
Full and fair cash value is also known as market value, or the price a willing buyer will pay a willing seller for property when both are considered knowledgeable about the market and under no outside influence to buy or sell.
Assessors do not create the market. Assessors analyze and review actual property transactions to determine assessed values. By law, the real estate market determines property assessments.
Property Assessments are listed each year on the third quarter tax bill (due February 1st). The Assessors strongly encourage every taxpayer review this assessment annually. This is the only period when an appeal can be filed.
Property Inspections - Assessors regularly inspect homes to update property records. Taxpayers should allow Assessors to inspect their property. If an Assessor visits at a bad time, explain that it is a bad time and contact the Assessors Office at 508-647-6420 to arrange an appointment for an inspection. Failure to allow an inspection will bar appeals under Massachusetts statutes and force the Assessors to estimate the quality, condition, and contents of the property. It is policy to estimate homes where inspections are refused as the best property in the neighborhood.
Tax Bills are mailed quarterly and due on August 1st, November 1st, February 1st, and May 1st. Do not send correspondence with your payment. Tax payments go directly to the bank for deposit. Send correspondence to Assessors.