The Assessors are required by Massachusetts Law to list and value all real and personal property. These valuations are subject to ad valorem (value-based) taxation. Assessed values in Massachusetts are based on “full and fair cash value’, or 100% percent of fair market value.
They are required to market-adjust and submit these values to the State Department of Revenue annually for certification that they are within acceptable parameters of the market. The Assessors review sales and the market every year and thereby reassess values each year. This is done so that the taxpayer pays his or her fair share of the cost of local government, in proportion to the value of the property, on a yearly basis. For the fiscal year 2020 the Assessors will again be subject to a complete review of data collection, inventory maintenance, sales analysis and valuation accuracy by the Department of Revenue, a process that will be repeated every 5 years henceforth.
The Assessor’s Office commits Motor Vehicle excise tax, administers farming, recreational and foresting programs in the form of Chapter land, processes exemptions and abatements, maintains a parcel based mapping system for assessment purposes and maintains the computer based property records and inventory, for all land, buildings and business within the Town of Georgetown.
Assessors do not raise or lower taxes. The Assessors do not make the laws, which effect property owners. The Massachusetts Constitution requires that direct taxes on persons be proportionately and reasonably imposed. In addition, the Declaration or rights, Part I, Article 10, requires each individual to bear his fair share of the public expenses.
The Assessors are required to annually assess taxes in the amount sufficient to cover the State and Local appropriations chargeable to the Town. These taxes assessed will include State and County assessments which have been duly certified to the Board and local appropriations approved by voters at Town Meeting(s) that fall within the limits of Proposition 2-1/2.
The Assessor’s primary responsibility is to find the “full and fair cash value” of your property so that you pay only your fair share of taxes. The tax rate is determined by dividing the amount approved to provide for services, such as schools, roads, fire, and law enforcement, etc by the total value of all real and personal property.
FY 2017 Tax Rate $16.21 per $1,000.00. 3rd and 4th quarter actual tax bills were issued by the Tax Collector prior to Jan. 1st, 2017