Why did the value of my property go up this year?

Massachusetts law and Massachusetts Department of Revenue (DOR) regulations require that property be assessed at 100% of full and fair market value each year. This is unlike other states that require a revaluation once every so many years.  In those states, your value remains constant until that revaluation year.  For example, my son who lives…

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New Tax Rate Certified at $15.06 per Thousand Dollars of Valuation

The Massachusetts Department of Revenue has certified the town’s Fiscal Year 2024 tax rate at $15.06 per thousand dollars of assessed valuation.  A listing of new property valuations is available on the Assessors’ page of the town’s website by clicking on the “FY24 Valuation List” button on the left side of the web page. The…

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Ask the Assessor

Question: “How do you calculate the value of my home?” Answer: All residential property in Holliston is valued annually using standards from the International Association of Assessing Officers (IAAO) and – even more important – from the Massachusetts Department of Revenue (DOR)’s Division of Local Services (DLS).  The DLS approves every step we take throughout the annual…

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Ask the Assessor

Question: “What are personal property taxes?” Answer: Property can be either real property or personal property.  In simple terms, real property is land and buildings.  Personal property, on the other hand, refers to “movable” items such as furniture, equipment, electronic devices, pipes and wires. In Massachusetts, personal property owned by certain individuals and businesses can…

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