ASSESSORS LIST NEW VALUATIONS FOR FISCAL 2020
The Georgetown Board of Assessors have completed their revaluation of all classes of real and personal property as mandated by the Department of Revenue for Fiscal Year 2020. Preliminary Certification has been approved by the DOR on 10/22/2019 and Final Approval was received on 11/4/2019 after public review and comment. Values are derived from an analysis of market conditions from 7/1/2017-6/30/2019 for Commercial and Industrial properties and sales of Residential properties during the Calendar Year 2018 as well as a review of Personal Property values. All taxpayers are invited to inspect the valuations which are available on the Assessor’s webpage https://www.georgetownma.gov/assessors-office “FY2020 Property Values in Excel” or at the Assessor’s office in Town Hall, 1 Library Street.
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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.
Fiscal Year 2020 (July 1, 2019 - June 30, 2020) Proposed Tax Rate $15.92 per $1,000.00 and is applied to property values as of Jan, 1, 2019. 3rd and 4th quarter actual tax bills will be issued by the Tax Collector prior to Jan. 1st, 2020