2018-Annual Town Report - Laserfiche WebLink

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triennially to verify that the assessors are using correct features of the land and buildings Mass Appraisal methodology and that its values reflect List items such as size, type, and quality of full and fair market value. When the DOR is satisfied, construction,number of rooms,baths,fireplaces, the assessors are allowed to calculate the tax rate based the type of heating,etc. on the budget and then commit the tax levy to the Tax Inspect each structure in town at least once every Collector. nine years Fiscal Year 2018 saw overall property values in Set the Tax Rate based on budget requirements Mashpee rise by 4.3% as the Real Estate Market and valuations improved. The Assessing Department continues to Real estate and motor vehicle excise tax levies work diligently following any market fluctuations to account for the majority of the funds available to the fairly assess all properties and reflect any changes so municipality. Efficient and effective assessment that all Mashpee properties are equitably assessed. practices result in a predictable tax levy which is The Board of Assessors' areas of responsibility essential to maintaining town services. Again I would include: like thank the dedicated Assessing Office employees and Members of the Board of Assessors for all of their Real Estate and Personal Property tax valuations hard work and commitment to the Town of Mashpee. Administering Motor Vehicle Excise taxes If you have any questions or concerns, please Administering Boat Excise taxes contact us or stop into the office and we will be happy Personal and Charitable Exemptions to assist you. Administering water,street and sewer betterments The Assessing Department's charge is to: Respectfully Submitted, Discover,analyze, and reflect the value changes Jason R. Streebel,MAA that occur in the market Director of Assessing Regularly inspect each property to record specific Report of the Board of Assessors r To the Honorable Board of Selectmen and the �' + Citizens of the Town of Mashpee: The Board of Assessors submits the following Report for the Fiscal Year ending June 30,2018. The division of taxable property within the -- Town of Mashpee classified by use is as follows: Class Assessed Value As a percentage Tax Rate Levy by Class of Total Value 1 Residential $4,722,382,219 91.0415 $8.92 $42,123,649.39 2 Open Space $1,727,800 0.0333 $8.92 $15,411.98 3 Commercial $366,107,131 7.0581 $8.92 $3,265,675.61 4 Industrial $34,406,600 0.6633 $8.92 $306,906.87 5 Personal Property $62,441,240 1.2038 $8.92 $556,975.86 $5,187,064,990 100% $8.92 $46,268,619.71 93