2008-Annual Town Report - Laserfiche WebLink

Home Browse Search

-0- 0 The Board of Assessors' areas of Monsibilir< Report of the include: 1 Director of Assessing • Real Estate tax valuations • Personal Property tax valuations • Administering Motor Vehicle Excise taxes To the Honorable Board of Selectmen and the • Administering Boat Excise taxes 1' Citizens of the Town of Mashpee: taxes- Personal Exemptions i • Charitable Exemptions The past year has seen significant change in the • Administering water, street and sewer bet Real Estate Market. The Assessing Department has terments worked diligently in following the market to fairly The Assessing Department's charge is to: assess properties to reflect these changes. Mashpee has been fortunate that the market downturn has not • Discover, analyze, and reflect the value dramatically affected our property values. We will changes that are occurring in the market continue to closely follow the ups and downs of home • Regularly inspect each property to record sales,foreclosures and the many other variables of real specific features of the land and buildings estate so that all Mashpee properties are fairly and List items such as size, type, and quality of equitably assessed. construction, number of rooms, baths,fire. places, the type of heating, etc. The Assessors value all Real and Personal • Inspect each structure in town at least once Property within the Town of Mashpee as well as the every nine years P rtY al Mashpee Water District. Values are assigned as of Set the Tax Rate based on valuations and January 1st each year. These values are based on the budget requirements j' previous calendar year's sales. The legal standard is The Massachusetts Department of Revenue that all property is assessed at its "full and fair market value" that is, the amount a knowledgeable and will (DOR) audits the Assessor's Office every third yearto ing buyer would pay a knowledgeable and willing verify that the assessors are using correct Mass seller on an open market. Appraisal methodology and that its values reflect full and fair market value. When the DOR is satisfied that Assessors have a major role in promoting the the assessor's methodology is correct and its values effective financial management of a town. Real estate reflect full and fair market value,it certifies the assess and motor vehicle excise tax levies account fora ments as being accurate and the community is allowed majority of the funds available to the municipality to to issue tax bills. The Assessors also make annual provide necessary services. Efficient and effective revisions of property assessments that are then assessment practices result in a predictable tax levy approved by the DOR. which is essential to maintaining adequate and suffi- cient cash flow. Respectfully Submitted, Jason R. Streebel Director of Assessing I 26