The Board of Assessors has posted their legally required annual preliminary property revaluations.
By state law, the board must post the assessments for a five day inquiry period. That window opened today and closes at noon this Friday, September 19th.1
During this time property owners can ask question about their valuations. After the window closes, the town will seek final certification from the State for tax billing.
The assessments are for properties “fair cash value as of January 1, 2025”, based on analysis of sales data, mainly from 2024 (with 2023 data to fill in some gaps.)
The Assessor’s full announcement included a summary of observed “statistical medians” that showed that while the value of vacant land was static, both residential homes (including condos, townhouses, etc) and commercial/industrial properties went up by 3%.
That doesn’t mean that individual properties rose by that value. Some rose more, and others less.
To see the preliminary FY26 values assessed for your real estate properties (and others), click here. (“Personal Property” business asset assessments are here.) For more details, see the full announcement here.
