Assessed Values Of Tewksbury Properties Jump As Much As 10 Percent For FY2020
Oct 01, 2019 04:29PM
Tewksbury Town Hall.
(Editor's note: The following information was released by the Tewksbury Board of Assessors.)
The Tewksbury Board of Assessors has completed a revaluation of all property for Fiscal Year 2020. The proposed new valuations have received preliminary certification by the Department of Revenue, Division of Local Services.
The Assessors have undertaken a full revaluation program which consisted of reviewing property data and market analysis. The majority of properties have seen increases in value based on an active market. Single Family, Condominiums, Two and Three Families and Apartment class has typical value changes between six to ten percent (6-10%) from Fiscal Year 2019 assessments. Commercial and Industrial properties have increased three to six percent (3-6%) from Fiscal Year 2019 assessments. Both classes of property have been interim year value adjusted from the Town’s last revaluation in Fiscal Year 2016 to keep current with market conditions. All Department of Revenue guidelines have been met and our preliminary assessments reflect full and fair cash value as of January 1, 2019.
The new Fiscal Year 2020 assessments are available for review by the public beginning on Monday, October 7, 2019 through Friday, October 11, 2019. They may be viewed in the Assessor’s Office located in the Town Hall Annex at 11 Town Hall Avenue from 7:30 AM through 4:30 PM. The new assessed values will also be available on-line during this time period through the Town’s website at www.tewksbury-ma.gov under Departments select Assessor’s Office, then on the left side of the page, select Assessment Values, and then click on the link entitled FY2020 Proposed Values by Address.
Contact the Assessor’s office during the public disclosure period to ask questions, review, discuss and request changes in the proposed values. Assessor’s Department personnel are available from 7:30 AM to 4:30 PM Monday through Friday to answer questions and correct errors related to the revaluation. Contact us at 978-640-4330 or firstname.lastname@example.org.