2010-Annual Town Report - Laserfiche WebLink

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The Board of Assessors' areas of resnonsibili� Report of the include: Assessing Director • Real Estate and Personal Property tax valua• tions To the Honorable Board of Selectmen and the • Administering Motor Vehicle Excise taxes Citizens of the Town of Mashpee: • Administering Boat Excise taxes • Personal and Charitable Exemptions The past year has seen some value increases and • Administering water, street and sewer better many decreases for different types of properties in the ments Real Estate Market. While industrial,oceanfront,golf front and pond influenced areas have been holding or The Assessing Department's charge is to: increasing their value; other segments of the market have not faired as well. The Assessing Department Discover, analyze, and reflect the value continues to work diligently in following the market to changes that occur in the market fairly assess properties to reflect these changes so that Regularly inspect each property to record spe- all Mashpee properties are equitably assessed. These cific features of the land and buildings reports show the most recent completed fiscal year List items such as size, type, and quality of data. construction, number of rooms, baths, fireplaces,the type of heating, etc. The Board of Assessors values all Real and Inspect each structure in town at least once Personal Property within the Town of Mashpee as well every nine years as the Mashpee Water District. Values are determined Set the Tax Rate based on budget requirements g as of January 1 st each year. These values are based on and valuations the previous calendar year's sales. The legal standard is that all property is assessed at its "full and fair mar- Real estate and motor vehicle excise tax levies ket value". That is, the amount a knowledgeable and account for a majority of the funds available to the willing buyer would pay a knowledgeable and willing municipality. Efficient and effective assessment prac- seller on the open market. The fiscal period ending tices result in a predictable tax levy which is essential June 30, 2010 is based on the assessment date of to maintaining town services. I would like to thank January 1, 2009. the dedicated Assessing Office employees and Members of the Board of Assessors for all of their The Massachusetts Department of Revenue hard work and commitment to the Town of Mashpee. (DOR) extensively audits the Assessor's Office trien- nially to verify that the assessors are using correct If you have any questions or concerns, please Mass Appraisal methodology and that its values contact us or stop into the office and we will be happy reflect full and fair market value. When the DOR is to assist you. satisfied,the assessors are allowed to calculate the tax rate based on the budget and then issue tax bills. Respectfully Submitted, Jason R. Streebel, MAA Director of Assessing i 26