Preliminary FY 21 Certified Property Values Released
The Holliston Assessors have received the go-ahead from the state to release preliminary fiscal year 21 certified values as of today, November 27, 2020.
You can view your new assessment here:
Property record cards and lists are on the Assessors Webpage. If you have a concern about your values, we are holding online hearings beginning today, November 27. You can sign up for a Zoom appointment at the same site (here.)
Communities are subject to an exhaustive review and audit by the Department of Revenue every five years, and 2020 for fiscal year 2021 is Holliston’s year. Value is established each January 1 based on market information from the prior year. This year’s values are for Fiscal Year 2021 and based on market data from 2019.
Analysis of residential values was based on 147 valid single-family house sales between Jan 1-Dec 31, 2019. Analysis was also done on condominiums, multi families, and land sales.
Based on the 147 valid single-family home sales, Holliston’s average sale price was $575,800.
The average increases in Town assessments from fiscal year 20 to fiscal year 21 are as below. These do not include “new growth” created by new construction and other uses requiring a building permit.
Some residential neighborhoods saw greater or lesser value impacts than average percentage changes, mostly attributed to the market or growth. Sales are stratified for analysis by style, size, condition, quality of construction, or neighborhood. The goal of applying value is to apply change from the market in a uniform and consistent way.
During COVID the real estate market has been incredibly robust. Forbes attributes this to individuals now working at home wanting to establish first homes in the suburbs. The 2020 market is what we will analyze in respect to the Fiscal Year 2022 real estate billing.