2021-Annual Town Report - Laserfiche WebLink

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In addition to the above events that were part of Every five years, the Massachusetts Department Committee concerns this year was a proposal for of Revenue (DOR) extensively audits the Assessor's building 1700 units of housing and expanding the Office to verify that the assessors are using correct commercial space at Mashpee Commons. At a very Mass Appraisal methodology and that its values reflect well attended Committee meeting in July Mr. Buff full and fair market value. When the DOR is satisfied, Chace and his development consultants presented their the assessors are allowed to calculate the tax rate based plan and proposed to provide 90 units of affordable on the budget and then commit the tax levy to the Tax housing in the first phase of its expansion plan. Collector. However, many public attendees expressed discontent at the scale of the proposed project and it seemed the The Board of Assessors' areas of responsibility presentation did not have sufficient detail to satisfy the include: residents who attended. • Real Estate and Personal Property tax valuations; Mashpee Commons developers spent much of the . Administering Motor Vehicle Excise taxes; year attempting to negotiate a tri-party development agreement with the Cape Cod Commission, including • Administering Boat Excise taxes; the Town of Mashpee. However, the proposed . Personal and Charitable Exemptions; development incurred increasing public opposition and frustration among town officials on the progress of the Administering water, street and sewer negotiation and lack of anticipated communication betterments; from Mashpee Commons. In December, the Board of The Assessing Department's charge is to: Selectmen voted to withdraw from the Cape Cod Commission negotiations. As the year closed the • Discover, analyze, and reflect the value changes future of any new plan to build housing around that occur in the market; Mashpee Commons is unclear. • Regularly inspect each property to record specific Respectfully ubmitted by, features of the land and buildings; Allan Isbitz, Chairperson • List items such as size, type, and quality of construction,number of rooms,baths,fireplaces, type of heating,etc.; • Inspect each structure in town at least once every ten years; Report of the • Set the Tax Rate based on budget requirements Assessing Department and valuations. Real estate and motor vehicle excise tax levies To the Honorable Board of Selectmen, account for the majority of the funds available to the Water Commissioners and the Citizens of Mashpee: municipality. Efficient and effective assessment practices result in a predictable tax levy which is The Board of Assessors values all Real and essential to maintaining town services. Personal Property within the Town of Mashpee as well as the Mashpee Water District. Values are determined Fiscal Year 2021 (July 1, 2020—June 30, 2021) as of January 1 st each year. These values are based on saw a dramatic change from our usual and relatively the previous calendar year's sales. The legal standard stable real estate market economy into the effects is that all property is assessed at its"full and fair market brought on by COVID 19 and economic changes. value". That is, the amount a knowledgeable and Massive market price increases are being felt all over willing buyer would pay a knowledgeable and willing Mashpee. For the upcoming fiscal year of 2023 the seller on the open market. The fiscal period ending assessors will be using sales only from 2021,the effects June 30, 2021 is based on the assessment date of on property values will not be evaluated until the spring January 1, 2020. and summer of 2022 and will be impacting the valuations for FY2023. 86