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The committee members are reviewing the Report of the pertinent content of the Cape Cod Disability Access p Directory to insure disabled access in Mashpee is Assessing Director accurately represented. The directory is also available online at www.cgpecoddisabilily.org. To the Honorable Board of Selectmen and Respecfully submitted, Citizens of the Town of Mashpee Michele Brady The Board of Assessors values all Real and Marilyn Farren Personal Property within the Town of Mashpee as well Charles Maintanis as the Mashpee Water District. Values are determined Kathleen Moore as of January 1st each year. These values are based on Patricia Parolski the previous calendar year's sales. The legal standard Merton Sapers is that all property is assessed at its"full and fair market Beverly Wooldridge value". That is, the amount a knowledgeable and Robert Wooldridge,Chairman willing buyer would pay a knowledgeable and willing seller on the open market. The fiscal period ending June 30, 2011 is based on the assessment date of January 1, 2010. Ev r cine The Massachusetts Department of Revenue (DOR) extensively audits the Assessor's Office f fere n c , triennially to verify that the assessors are using correct Mass Appraisal methodology and that its values reflect full and fair market value. When the DOR is satisfied, the assessors are allowed to calculate the tax rate based on the budget and then issue tax bills. The past year has seen overall property values decline about 4% in the Real Estate Market for the fiscal year ending in June 2011. While industrial, oceanfront and golf front areas have been holding or increasing their value; other segments of the market have not faired as well. The Assessing Department continues to work diligently in following the market to 1i fairly assess properties to reflect these changes so that ep all Mashpee properties are equitably assessed. These reports show the Fiscal 2011 data. Brandan Burke-1st-Grade $ The Board of Assessors'areas of responsibility include: Mashpee Middle School Administering Estate and Personal Property tax valuations • Administering Motor Vehicle Excise taxes • Administering Boat Excise taxes • Personal and Charitable Exemptions Administering water,street and sewer betterments 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 specific features of the land and buildings 29