August 22 2019

Board of Assessors Announces New Values for All Properties

The following is a message from the Burlington Board of Assessors: 

 

Assessors value all property within the community every year and submit these values to the Department of Revenue for certification. Burlington, as do most towns and cities of the Commonwealth, follows uniform guidelines set forth by the Department concerning values. These values must be based on “full and fair cash value,” the amount a willing buyer would pay a willing seller on the open market. Assessors must collect record and analyze information about property and market characteristics in order to estimate the fair market value in the community. 

 

These new values were developed by the Assessors to reflect current market conditions based on 2018 sales and other market data. A revaluation is not just a statistical average increase. Rather individual properties may increase at different percentages based on many factors, such as, style location, condition as well as other amenities. However, the following is the percentage increase for each major classes of property; Residential – 13.07%, Commercial – 12.39%, Industrial 10.71% and Personal Property – 9.84%.

 

The Department of Revenue has reviewed all procedures, schedules and values submitted.

 

“Preliminary certification of the proposed values has been received from the DOR. They acknowledge that we have complied with all of the guidelines,” Assistant Assessor/Town Appraiser James Doherty said.  

 

A list of the proposed property values (as of January 1, 2019) will be available for review for all Town residents, business and property owners. They will be located at the Library and the Assessor’s Office from  August 21, 2019 to August 30, 2019. All questions, comments and concerns shall be directed to the Assessor’s office between the hours of 8:30 am to 4:30 pm, Monday to Thursday and Friday 8:30 am to 1:00 pm.

 

Property value cards may be reviewed in the Assessor’s Office. Errors discovered in the descriptive details of a property should be brought to the attention of the Assessors. Such errors may be corrected before the proposed valuations are finalized.


 

 
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