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• List items such as size, type,and quality of con- Report of the struction,number of rooms,baths,fireplaces,the Director of Assessing type of heating,etc. • Inspect each structure in town at least once every nine years To the Honorable Board of Selectmen and the Set the Tax Rate based on budget requirements Citizens of the Town of Mashpee: and valuations The Board of Assessors values all Real and Real estate and motor vehicle excise tax levies Personal Property within the Town of Mashpee as well account for the majority of the funds available to the as the Mashpee Water District. Values are determined municipality. Efficient and effective assessment as of January 1 st each year. These values are based on practices result in a predictable tax levy which is the previous calendar year's sales. The legal standard essential to maintaining town services. Again,I would is that all property is assessed at its"full and fair market like thank the dedicated Assessing Office employees value". That is, the amount a knowledgeable and and Members of the Board of Assessors for all of their willing buyer would pay a knowledgeable and willing hard work and commitment to the Town of Mashpee. seller on the open market. The fiscal period ending June 30, 2015 is based on the assessment date of If you have any questions or concerns, please January 1,2014. contact us or stop into the office,and we will be happy to assist you. The Massachusetts Department of Revenue Respectfully Submitted, (DOR) extensively audits the Assessor's Office triennially to verify that the assessors are using correct Jason R. Streebel,MAA Mass Appraisal methodology and that its values reflect Director of Assessing full and fair market value. When the DOR is satisfied, the assessors are allowed to calculate the tax rate based a ' on the budget and then commit the tax levy to the Tax & t �� t, Collector. _ t i. Fiscal Year 2015 saw overall property values in Mashpee rise by 4% as the Real Estate Market 4 improved. The Assessing Department continues to work diligently following any market fluctuations to fairly assess all properties and reflect any changes so that all Mashpee properties are equitably assessed. The Board of Assessors' areas of responsibility include: • Real Estate and Personal Property tax valuations • Administering Motor Vehicle Excise taxes Administering Boat Excise taxes - - • Personal and Charitable Exemptions • Administering water, street and sewer better- ments The Assessing Department's charge is to: • Discover, analyze, and reflect the value changes that occur in the market • Regularly inspect each property to record spe- cific features of the land and buildings 29