How will my taxes change as a result of my new assessment?
Although the valuation of your property affects your share of taxes, the actual amount you pay is determined by the budgetary needs of the town. This is decided by what services will be provided in the coming year and the cost to provide these services. The budgets are approved at Town Meeting. Once this decision is made and valuations are certified by Department of Revenue, a tax rate that will generate the needed tax dollars is then adopted and approved by Department of Revenue. Your individual property taxes are then determined by multiplying your assessment by the tax rate. The tax rate is expressed as dollars per thousand dollars in value. Remember assessments and taxes have a seesaw effect. If one goes up the other goes down and vice-versa.

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1. What is a revaluation?
2. Why is a revaluation necessary?
3. How are assessments determined?
4. What is Mass Appraisal?
5. What is market value (a.k.a. full and fair cash value)?
6. What if there hasn't been a recent qualified sale of my property?
7. Will all property values change?
8. How can my assessment change when I haven't done anything to the property?
9. Will I be notified of a change in my assessment?
10. How will my taxes change as a result of my new assessment?
11. Why is my single-family home valued differently than my neighbor's 2-family?
12. Where can I find more information on revaluation?