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Town of Mashpee Financial Overview
<br /> TOWN VALUATION
<br /> The table below reveals the value of Mashpee's property by category from 1989 to 1993.
<br /> During that time, the economy of the entire country, indeed the world, was experiencing a
<br /> recession. Mashpee experienced triennial revaluations in 1990 and 1993.
<br /> 1989 1990 1991 1992 1993
<br /> Residential 7431728,100 1 531 057 000 1 363 080 405 1 267 265 650 11093f6091635
<br /> Commerical 46,906,603 105,350,891 86,886,858 82,194,974 11169,100
<br /> Industrial 14,676,700 22,619,200 20,f 908,300 18,886,200 69,632,624
<br /> Open Space 303,700 1,113,100 1,741,000 1,923,700 14,394,100 C
<br /> Personal 35,446x036 44,541,920 40.6021850 38,r736,355 39.628.484
<br /> 841,055,139 11700,782,111 11513,219,4'13 1,40910061879 1,218,433,943
<br /> TAX RATE
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<br /> 1989 1990 1991 1992 1993
<br /> Total Budget 13,594,493 19,418,715 181840,575 19►223,041 19,539,942
<br /> Revenues 3.434,547 5,r557r341 4.434,726 4.076.217 4 090 200
<br /> Tax Lev 10,159,946 13,861,374 14,405,849 15,146,824 15f449,742
<br /> y
<br /> $12.08 $8,15 $9.52 $10.75 $12.68
<br /> Does not include the Water District FY93 rate of $,69.
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<br /> TAX BILL
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<br /> Technically, the drop in property values, offset by the rise in the tax rate, should have kept the tax bill
<br /> increase at 2.5% each year, plus debt exclusions. Mashpee's excluded debt actually dropped from
<br /> E ; 1992 to 1993. What was the actual effect on a typical Mashpee homeowner? Depicted below is a
<br /> property from 1989 to 1993 showing how the actual tax bill was affected.
<br /> 1989 1990 1991 1992 1993
<br /> Value 76,000 134,100 127,800 124,500 120,100
<br /> Tax bili $918.08 $1,092.91 $1,216.66 $1,338.38 $1,522.87
<br /> % change since 1989 19.0% 32.5% 45.8% 65.9%
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