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<br /> Town of Mashpee Financial Overview
<br /> Town Valuation
<br /> The table below reveals the value of Mashpee's property by category from 1990 to 1994. Mashpee
<br /> experienced triennial revaluations in 1990 and 1993. The 1990 revaluation came just as the Cape
<br /> P
<br /> indeed the world,was experiencing a recession. Although new construction was added to the tax
<br /> rolls during these years, the value of existing property decreased, decreasing the valuation of the town.
<br /> 1990 1991 1992 1993 1994
<br /> Residential 11531,0571000 1,363,480,405 '1,267,265,654 1,093,609 635 11052,704,485
<br /> Commerical 1050350,891 86,8861858 82,194,974 11169,100 11128P500
<br /> Industrial 22,619,200 20,908,300 18,886,200 69,632,624 701 981,651
<br /> '1
<br /> Open Space 1113,100 127411000 1,923,700 14,394,100 131845,600
<br /> Personal 40,641,920 4_0602,850 35,736,355 39,628,484 40,258,870
<br /> 1 1700,78211 11 11513,219,413 1,409,046,879 1 218,433
<br /> 1943 1,178,919,106
<br /> Maximum Allowable Tax Levy
<br /> Every year, the town may increase the tax levy 2.5%. The town will also appropriate taxes from new
<br /> construction ("new growth"), to pay the Cape Cod Commission county assessment, and to a debt
<br /> = PY
<br /> excluded from the limits of Proposition 2'/7. This equation results in the maximum tax levy allowed
<br /> under Proposition 2'/z.
<br /> 1990 1991 1992 1993 1994
<br /> Levy Limit 1014061946 11,906,502 127513,733 1311791429 1316781840
<br /> +2.5% 260,174 2977663 3121843 329,486' 341,971
<br /> + New growth 11239,382309,568 352,853 1691925 286,266
<br /> = New Limit 11,906,502 12,513,733 13,179,429
<br /> 13,678,840 14,307,077
<br /> + Cape Cod Commission 0 105,803 1081431 107,121
<br /> + debt excl. 1,954,900 2L705,729 1,879,428 1 677,375
<br /> 1,658.740
<br /> �-Total that CAN BE raised
<br /> by taxation 13,861,402 157219,462 151164,660 15,4641646 16,072,938
<br /> Tax Rate
<br /> The tax rate is set in the fall, after the October annual town meeting. Non tax revenues are made up of
<br /> State Aid, (8% of the total '94 budget, mostly school construction reimbursement), and local sources
<br /> such as building permits, fines,'dog licenses, conversation filings, boat moorings, and ambulance fees
<br /> (14% of the total '94 budget). The tax levy comprised 78% of the town budget in 1994.
<br /> 1990 1991 1992 1993 _ 1994
<br /> Total Budget 19,418,715 18,840,575 1912231041 1915391942 20,5763078
<br /> - Revenues (5,557,341) (41434,726) (4,076,217) (4,090,200) (41542,778)
<br /> Tax Levy 13,861,374 14,405,849 1511461824 157449,742 16,033,300
<br /> Tax Rate 8.15 9.52 10.75 12.68 13.60
<br /> Tax Bill
<br /> Here is the effect of tax rate on one residential property that was assessed for$76,000 in 1989.
<br /> It does not include the taxes levied by the Mashpee Water District (.69 in 1993 and 1994).
<br /> 1990 1991_ 1992 _ 1993 _ 1994
<br /> Home valuation 134,100 1271800 124,500 120,400 120,400
<br /> Tax hill 11093 11217 11338 11527 1,637
<br /> % change since 1990 11.3% 22.5% 39.7% 49.8%
<br /> Mashpee Finance Committee 1994 Town Report
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