Milton property values increase by 7%

Columbia Road by Melissa Fassel DunnColumbia Road by Melissa Fassel Dunn
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Public Disclosure from the Town of Milton:

The Board of Assessors has completed the triennial revaluation of real and personal property for the purpose of local property taxation.

Massachusetts law requires that all property be assessed at its fair cash value as of January 1, 2015. This is done by analyzing market conditions during the 2014 calendar year. The Board of Assessors has conducted this analysis and adjusted assessments accordingly.

Single family dwellings and commercial property values have increased in value 7% on average. Changes in value from fiscal year 2015 are generally a function of changes in market conditions, modifications to structures or new construction, and any adjustments made to underlying property data resulting from a review of all property data conducted over the last several months by the assessing department and the hired consultants, Patriot Properties Inc. Keep in mind that 7% is the average increase, and that individual assessments may have changed more or less than the average.

The Bureau of Local Assessment within the Department of Revenue performs a comprehensive review of the Towns analysis to ensure uniform and equitable property values. Once all standards were met, the Commissioner of Revenue issued the Town of Milton preliminary certification.

Beginning October 16, 2015 and ending October 23, 2015, property owners will be able to review their proposed assessment and property record card and to bring any concerns to the attention of the Assessing Department before final values are set. Please note, if a property owner does not contact the Assessing Department within this period, it does not preclude a homeowner from filing an abatement application upon mailing of the 3rd quarter tax bill on or about December 31, 2015.

How to view your property’s report card:

Your property’s proposed valuation for fiscal year 2016 and related property data can be viewed by visiting the Assessing Department in Town Hall Monday through Thursday, 8:00 a.m. to 5:00 p.m. and Friday, 8:00 a.m. to 1:30 p.m. or by going to www.townofmilton.org and click on the Assessors Database tab under Quick Links on the town’s home page.

At the expiration of the disclosure period the Town will seek final certification from the State and finalize assessments for tax billing.

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