2006-Annual Town Report - Laserfiche WebLink

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Report of the • Charitable Exemptions • Administering water, street and Director Of Assessing sewer betterments The Assessors must: To the Honorable Board of Selectmen and the • Discover, analyze, and reflect the value Citizens of the Town of Mashpee: changes that are occurring in the market Inspect each property to record specific fea- The Assessors value all Real and Personal tures of the land and buildings Property within the Town of Mashpee and the List items such as size, type, and quality of Mashpee Water District as of January 1st of every construction, number of rooms, baths, fire- year. The legal standard is that all property is assessed places, the type of heating, etc. at its "full and fair market value" that is, the amount a Inspect each structure in town at least once knowledgeable and willing buyer would pay a knowl- every nine years edgeable and willing seller on an open market. The Massachusetts Department of Revenue Assessors have a major role in promoting the (DOR) audits the Assessor's Office every third year to effective financial management of a town. Real estate verify that the assessors are using correct Mass and motor vehicle excise tax levies account for a Appraisal methodology and that its values reflect full majority of the funds available to the municipality to and fair market value. When the DOR is satisfied that provide necessary services. Efficient and effective the assessor's methodology is correct and its values assessment practices result in a predictable tax levy reflect full and fair market value,it certifies the assess- which is essential to maintaining adequate and suffi- ments as being accurate and the community is allowed cient cash flow. to issue tax bills. The Assessors also make annual revisions of property assessments that are then The Board of Assessors' areas of responsibility approved by the DOR. include: • Real Estate tax bills Respectfully Submitted, • Personal Property tax bills Jason R. Streebel • Motor Vehicle Excise tax bills Director of Assessing Boat Excise tax bills • Personal Exemptions f�a i 4 it f4C t t Drawing by Sierra Costa, Grade 3 25