2017-Annual Town Report - Laserfiche WebLink

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• Regularly inspect each property to record specific Report of the features of the land and buildings Director of Assessing . List items such as size, type, and quality of construction,number of rooms,baths,fireplaces, To the Honorable Board of Selectmen and the the type of heating,etc. Citizens of the Town of Mashpee: • Inspect each structure in town at least once every nine years The Board of Assessors values all Real and Personal Property within the Town of Mashpee as well Set the Tax Rate based on budget requirements as the Mashpee Water District. Values are determined and valuations as of January 1 st each year. These values are based on Real estate and motor vehicle excise tax levies the previous calendar year's sales. The legal standard account for the majority of the funds available to the is that all property is assessed at its"full and fair market municipality. Efficient and effective assessment value". That is, the amount a knowledgeable and practices result in a predictable tax levy which is willing buyer would pay a knowledgeable and willing essential to maintaining Town services. Again,I would seller on the open market. The fiscal period ending like thank the dedicated Assessing Office employees June 30, 2017 is based on the assessment date of and Members of the Board of Assessors for all of their January 1,2016. hard work and commitment to the Town of Mashpee. The Massachusetts Department of Revenue (DOR) extensively audits the Assessor's Office If you have any questions or concerns, please contact us or stop into the office and we will be happy triennially to verify that the assessors are using correct Mass Appraisal methodology and that its values reflect to assist you. full and fair market value. When the DOR is satisfied, Respectfully submitted, the assessors are allowed to calculate the tax rate based Jason R. Streebel,MMA on the budget and then commit the tax levy to the Tax Director of Assessing Collector. Fiscal Year 2017 saw overall property values in Mashpee rise by 4.15% as the Real Estate Market 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 v • 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 88