Massachusetts Department of Revenue, Division of Local Services releases Fiscal 2022 approved Residential, Commercial, Industrial and Personal Property Tax Rates, Average Single Family Assessed Values and Average Single Family Tax Bill for approved communities. A large piece of real estate tax revenues goes to public schools. Outside is a large deck and fenced yard. Web3 Beds, 1 Bath, 1,010 Square Feet for sale for $489,000 - OPPORTUNITY KNOCKS! WebSingle Family property for sale at 8 Gerry Street, Stoneham, MA 02180. That is also well over double the national average. Web$1,300,000 4 Beds 2.5 Baths 3,536 Sq. Create a Website Account - Manage notification subscriptions, save form progress and more. Enter the home from the large driveway through the mud room leading to a large eat in kitchen with gas The rate for excise tax is $25 per $1,000 in the valuation of the vehicle based off of the MSRP. Select a tax professional meeting your needs in this list containing the best property tax protest companies in Stoneham MA. Thus, while property tax rates in the county are not especially high on a statewide basis, property tax bills often are high. Town Hall elevator will be out of service for an estimated 6 weeks due to required repairs. The median annual tax payment of $3,700 in Barnstable County is well under the state median, too. Factors considered by assessors when calculating the value of a property include: the property's location, what it is currently used for, the lot size, as well as building size. Timely payments are those, which are received in the Collectors Office or the lock box by closing time on the due date. View photos and property details. Contact. When are my real estate tax payments due? Yet there is a process to protest the accuracy of your tax bill and have it corrected in the event its an excessive appraisal. Parks, woodlands, playgrounds, and other recreation preserves are offered within the locality. With that, who pays property taxes at closing if buying a house in Stoneham? Whether you are already a resident, only considering moving to Stoneham, or interested in investing in its property, find out how local real estate taxes operate. Massachusetts is a rather expensive state when it comes to property tax bills for its residents. Central A/C, central vacuum and solar panels to keep electrical costs low are some added benefits. Chelmsford, MA 01824 978-250-5200. Nearby homes similar to 3 Gilmore St have recently sold between $685K to $685K at an average of $265 per square foot. Furthermore, changes in market value are not always reflected evenly across property classes. In the city of Worcester, which is the largest city in the county, the total rate is much higher. You will love the versatility of this first floor layout consisting of a gas fireplace living room & dining room with refinished hardwood floors, tile floor kitchen, office, media room complete with tiered leather seating and large screen TV, a full bathroom and a bonus family room with kitchenette and balcony. )``f`s\s~S3c1nZGTW1v5 YWjH`X@$SA!Lh4 I\fa! This is a 2-bed, 2-bath, 1,020 sqft property. Ordinarily, a sweeping appraisal scheme is utilized with that same approach applied en masse to similar property classes. What is the difference between an exemption and abatement? A no-brainer or conflicted whether to go forward with a protest or not, dont fret. It has an average effective property tax rate of 1.68%. Try again or search for similar properties on Equator.com! Tax History for 41 Fairview Year Property Taxes Change Tax Assessment Change 2022 $7,824 -2% $751,600 2% 2021 $7,967 3% $736,300 2% 2020 $7,764 9% $719,600 13% 2019 $7,155 3% $637,700 7% 2018 $6,957 -13% $594,100 -8% 2017 $7,992 19% $645,000 21% 2016 $6,742 2% $530,900 4% 2015 $6,594 -15% $508,800 -12% 3 WebThe minimum combined 2022 sales tax rate for Stoneham, Massachusetts is . 1012 0 obj <>stream Those entities include Stoneham, the county, districts and special purpose units that make up that total tax rate. WebAssessors. Mission Statement. Every entity then gets the assessment amount it levied. This browser is no longer supported. How would you rate your experience using this SmartAsset tool? Stoneham Real Estate Facts Home Values By City Stoneham Homes for Sale $657,164 Cambridge Homes for Sale $887,294 Lynn Homes for Sale $479,590 Somerville Homes for Sale $791,979 Malden Homes for Sale $564,944 Medford Homes for Sale $696,698 Revere Homes for Sale $524,336 Everett Homes for Sale $530,219 Protesting your real estate tax assessment is your right. Appraisers started by composing a descriptive list of all non-exempt property, aka a tax roll. This is no different from most other New England states, like New Hampshire, Vermont, Maine, Connecticut, and Rhode Island. Who do I call if a town tree in my front yard needs to be trimmed. Find Stoneham residential property records including property owners, sales & transfer history, deeds & titles, property taxes, valuations, land, zoning records & more. The Assessors office also conducts its own inspections after a building permit is issued. Otherwise, you will be required to attend a review panel and present your protest in detail. (See payment link for applicable fee schedule). 986 0 obj <>/Filter/FlateDecode/ID[<246304A22868E64A94CC64C18068BEAA><4CEEB125496AB44B99889504D4DD630C>]/Index[969 44]/Info 968 0 R/Length 85/Prev 274531/Root 970 0 R/Size 1013/Type/XRef/W[1 2 1]>>stream A localized list of comparable properties having similar appraised market values is built. You may not know that your real property tax is too high in relation to your propertys fair market value. First, all property within the community must be physically inspected in order to meet state guidelines. Step #1) Calculation of a Single Tax Rate (Tax Levy / Total Value) * 1000 = Single Tax Rate per $1000 in Value ($50,687,418/ $4,176,894,746) * 1000 = $12.13 per $1000 in Assessed Value. Changes could only follow from, yet again, a full re-appraisal. The table below shows the median annual property tax payment, the median home value and average effective property tax rate for every county in Massachusetts. Hours of Operation Monday, Wednesday and Thursday - 8:00 AM to 4:00 PM Tuesday - 8:00 AM to 7:00 PM WebPerform a free Stoneham, MA public property records search, including property appraisals, unclaimed property, ownership searches, lookups, tax records, titles, deeds, and liens. Study recent rises or declines in property value trends. If a vehicle is sold, donated or junked, an excise abatement may be obtained with the proper documentation. Material inconsistencies, (like if properties bills exceed by at least 10 percent of the representative median level) are tagged for more study. You can find the required appeal procedures and the forms on the countys website or at the county tax office. Property taxes are the main source of revenue for Stoneham and other local public units. Online Permitting. Parcels will draw when zoomed in. Town Hall elevator will be out of service for an estimated 6 weeks due to required repairs. All property not eligible for exemption is taxed evenly and uniformly on a single present market worth basis. Stoneham is obligated to follow stipulations of the state Constitution in establishing tax rates. Citizens have the right under state law to request a public vote when proposed tax hikes top set limits. The Department of Revenue requires that a full year of sales data be analyzed. The posted information should show how you should protest the countys judgement at the state level if you believe it is mistaken. Any distinguishing property value discounters, e.g. Located in southern Massachusetts along the border with Rhode Island, Bristol County has relatively low property taxes. As a complete re-examination carried out by an appraiser licensed by the state, its revisions are largely irrefutable. * Mortgage Companies please call (781) 279-2660 for up-to-date taxinformation. This is above the national average, which is 0.99%. Homeowners in Massachusetts face some of the largest annual property tax bills of any state in the country. View All /FAQ.aspx. Payments made over the weekend will be processed on Monday when the office reopens. (which will reduce returns). SmartAssets free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. %%EOF Any revenue consequence of that estimate cannot be a factor in this procedure. Exemptions particularly have proven to be a productive segment for adding overlooked ones and retaining any being questioned. View photos and property details. In fact, the median annual property tax payment is $5,361. Exemptions for property tax exist for eligible senior citizens and veterans, religous and philanthropic institutions, and blind individuals. Property tax rates are also called property mill rates. a severely wind-damaged roof, will be passed over with you missing a possible tax reduction. Who should I report that to? In theory, at least total receipts should equal the fund needed for all previewed undertakings that year. Taxing authorities include Stoneham, county governments, and numerous special districts such as public colleges. SmartAssets Thank you for your answer! Property age and place were also factors permitting appraisers to group units and collectively affix estimated market values. The tax bill for a property is based upon the fair market value of that asset. tax rates based on your property's address. The county, which houses Cape Cod, has a 0.89% average effective property tax rate. Listed for $600,000 with 2 beds, 2 baths, 1,536 Sqft. Under Massachusetts General Laws Chapter 59, Section 38 the Board of Assessors must assess all property, real and personal, at full and fair cash value. Residential Rate. Property taxes in Massachusetts are based on the assessed value of the property and the local tax rate. It took effect in fiscal year 1982. There are typically multiple rates in a given area, because your state, county, local Nearby Recently Sold Homes. In dollar terms, Middlesex County has the highest annual property tax payments of any county in Massachusetts. Who should I report a street sign missing to? 2021. Abatement & Exemption Forms / Guidelines. The property tax rate in the county is 0.78%, with a median home value of almost $550,000. Town Hall elevator will be out of service for an estimated 6 weeks due to required repairs. Commercial Rate. Tax rates in Massachusetts are determined by cities and towns. WebSearch for free Stoneham, MA Property Records, including Stoneham property tax assessments, deeds & title records, property ownership, building permits, zoning, land records, GIS maps, and more. WebStoneham, Massachusetts 02180. Exemptions for property tax exist for eligible senior citizens and veterans, religous and philanthropic institutions, and blind individuals. WebThe Collector's Office is responsible for the efficient and timely billing and collection of all monies due the Town including: Excise Motor Vehicle Tax Personal Property Tax Real Who should I report that to? This is the total of state, county and city sales tax rates. Instead loan companies, closing lawyers, or escrow agents will include the prorated tax with other purchaser payment obligations on closing. When totalled, the property tax load all owners shoulder is established. WebCondo location: 40 Main Street, Stoneham, MA 02180, USA. All residential real estate is assessed every year. Boston's residential tax Taxable property in Massachusetts is assigned by an assessor to one of four classes: commercial, industrial, open space, or residential. Maps & Property Information. Hours of Operation Monday, Wednesday and Thursday - 8:00 AM to 4:00 PM Tuesday - 8:00 AM to 7:00 PM Friday - 8:00 AM to 12:00 PM FY 2023 Tax Rates Residential: $11.10 per 1000 CIP: $21.16 per 1000. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, Should I report that to anyone? Ft. 33 Morrison Ave, Stoneham, MA 02180 Stoneham Home for Sale: First time on the market in over 50 years. The Income Method is predicated upon how much lease income potentially might be generated from income-generating real estate. WebReal Estate and Personal Property taxes are due on the first business day of the months of February, May, August and November. Last week the residential WebStoneham Massachusetts IRS Office Contact Information Address and Phone Number for Stoneham Massachusetts IRS Office, an IRS Office, at Montvale Avenue, Stoneham MA. The Collector's Office is responsible for the efficient and timely billing and collection of all monies due the Town including: Overflow bags can be purchased at the Collector's Office for $2 per bag. View the Fiscal Year 2016 Tax Exemptions (PDF). The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Agendas & Minutes. The median annual property tax payment in Norfolk County is $6,638. Then its a question of establishing what tax rate will produce desired tax proceeds. Working with an adviser may come with potential downsides such as payment of fees The northernmost county in Massachusetts, Essex County has relatively high home values, but property tax rates are close to average. Virtually all the sub-county entities have arrangements for the county to assess and collect their tax. Town Hall elevator will be out of service for an estimated 6 weeks due to required repairs. Absent an inspection, the only recent, substantiated data appraisers possess to rely upon when doing periodic reexaminations is present-day sales data. For Sale: Single Family home, $489,000, 3 Bd, 1 Ba, 1,010 Sqft, $484/Sqft, at 3 Gilmore St, Stoneham, MA 02180 Median Property Taxes (Mortgage) $4,932: Median Property Taxes (No Mortgage) $5,082: Stoneham Property Tax Collections (Total) The Assessors office may want to inspect your property for several different reasons. WebReal estate tax payments not received in the Treasurer/Collector's Office by 4 p.m. on the due date (7 p.m. on a Wednesday) will be subject to interest penalty at the rate of 14% per year, daily basis, from the due date until payment is made. Police Chief James McIntyre and Acting Fire Chief Dave Eastman report that the Stoneham Police and Fire Departments responded Thursday to a house fire and report of gunshots on Main Street - Manage notification subscriptions, save form progress and more. Payments may be made via ACH (electronic checking) or by Credit Card. Owners rights to timely alerts to tax levy hikes are also mandated. The property Great location 2 blocks from public transportation, easy access to Rt. Massachusetts requires all property be re-assessed at least once within a few years. An exemption is a credit towards the real estate taxes due for a property as a result of the owner(s) qualifying for one of several available personal exemptions. Fiscal Year. Hours of Operation Monday, Wednesday and Thursday - 8:00 AM to 4:00 PM Tuesday - 8:00 AM to 7:00 PM Friday - 8:00 AM to 12:00 PM FY 2023 Tax Rates Residential: $11.10 per 1000 CIP: $21.16 per 1000. Overall, there are three steps to real estate taxation: setting tax rates, estimating market value, and then collecting the tax. These oversight directives are made mandatory to ensure equitable property market worth appraisals. Additional details later. Motor vehicle excise tax interest penalty is at the rate of 12% per annum. $19.81. WebThe Town of Stoneham, Massachusetts. 2022. Everett St. View property records for 22 addresses located on Everett Street in Stoneham, Massachusetts, including property ownership, deeds, mortgages, titles & sales history, current & historic tax assessments, legal, parcel & Phone Directory Town of Chelmsford 50 Billerica Road Chelmsford, MA 01824 978-250-5200. Who should I report a street sign missing to? WebThe Town of Stoneham Property Appraiser is responsible for determining the taxable value of each piece of real estate, which the Tax Assessor will use to determine the owed Who do I call if a town tree in my front yard needs to be trimmed. Your case will hinge on demonstrating that your real estates tax value is wrong. WebStoneham. In Massachusetts cities and towns are responsible for administering and collecting property taxes. Factors taken into consideration by assessors when calculating the value of a property include: the property's location, what it is currently used for, the lot size, as well as building size. What are different types of exemptions that are available? How do I request a municipal lien certificate? One-Time Checkup with a Financial Advisor. public schools and hospitals, serve a defined territory, i.e. The county's largest city is Amherst, which also has relatively high property taxes. The MSRP is reduced by a percentage according to MGL Chapter 60A for the first five years of the life of the car and then fixed thereafter. Name Stoneham Massachusetts IRS Office Suggest Edit Address 1 Montvale Avenue Stoneham , Massachusetts , 02180 Phone 781-835-4350 The taxpayer must pay the bill to the community in which the vehicle is registered as of January 1st of each calendar year. Complaining that your property taxes are too high has no bearing on the tax valuation of your property. endstream endobj 970 0 obj <>/Metadata 39 0 R/Pages 967 0 R/StructTreeRoot 155 0 R/Type/Catalog>> endobj 971 0 obj <>/MediaBox[0 0 612 792]/Parent 967 0 R/Resources<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 972 0 obj <>stream For Sale: Single Family home, $489,000, 3 Bd, 1 Ba, 1,010 Sqft, $484/Sqft, at 3 Gilmore St, Stoneham, MA 02180 a sales comparison or an unequal appraisal evaluation. EQVs have historically been used as a variable in distributing some state aid accounts and for determining county assessments and other costs. WebPay Bills Online | Stoneham, MA Home Government Departments Treasurer / Tax Collector Pay Bills Online Pay Bills Online * Mortgage Companies please call (781) 279-2660 for Stoneham Police and Fire Departments Respond to House Fire, Rescue Resident, Town Administrator Dennis Sheehan & Police Chief James McIntyre Issue Joint Statement. The tax bill for a property is based upon the fair market value of that asset. Massachusetts Department of Revenue, Division of Local Services releases Fiscal 2022 approved Residential, Commercial, Industrial and Personal Property Tax 3 Everett St. View property records for 22 addresses located on Everett Street in Stoneham, Massachusetts, including property ownership, deeds, mortgages, titles & sales history, current & historic tax assessments, legal, parcel & Average Retirement Savings: How Do You Compare? Step #1) Calculation of a Single Tax Rate (Tax Levy / Total Value) * 1000 = Single Tax Rate per $1000 in Value ($50,687,418/ $4,176,894,746) * 1000 = $12.13 per $1000 in Assessed Value. Authorized as legal governmental units, theyre administered by elected officials or appointed officers. As will be covered further, estimating property, billing and collecting payments, undertaking compliance tasks, and clearing disputes are all left to the county. Enter your financial details to calculate your taxes. Did South Dakota v. Wayfair, Inc affect Massachusetts? Tax rates in Massachusetts are determined by cities and towns. I see water coming up from the street, manhole, or my property. Why is the previous owner's name still on my tax bill when I purchase the property within the last year? hXmOF++K6D8r=;U@I %Nj;;@Uev;3;LAxvZNqvJ ( h!pp#BY'2 K$()"%z$Ei|\^. There are no guarantees that working with an adviser will yield positive returns. Besides counties and cities, various specific-purpose entities among which are college districts, water authorities, as well as others, are among this revenue sources many beneficiaries. Who should I report that to? The current tax rate for Fiscal Year 2023 is $13.84/1,000 of value. Property tax rates are also referred to as property mill rates. 200 Ledgewood Drive, Unit 603, Stoneham, MA 02180 is a condo not currently listed. Note that in lieu of a flat service fee, clients often pay on a contingency basis only when they get a tax reduction. The county's average effective property tax rate is 1.82%. 2023 City of Woburn, All Rights Reserved. WebThe Town of Stoneham, Massachusetts. Last fiscal year residential tax rate was $12.96 per thousand of assess valuation, and was reduced to $12.70 per thousand last year. This type of an arrangement means the fee you incur wont exceed a percentage of any tax savings. Two additional bedrooms, a laundry room and the 4th bathroom complete the second floor. Suffolk County is home to the city of Boston. Read through the procedures meticulously prior to completing the documents. Should I report that to anyone? Who should I report a street sign missing to? If the valuation method was not observed properly or inappropriate comparable properties were used, you might have a compelling case for a reassessment. WebStoneham, MA 02180 Presented by Stoneham Board of Assessors Property tax classes. A walk-up full size attic is available for finishing. If you're wondering what is the mill rate or what is the property tax rate in any town in Massachusetts, you've come to the right page. does not review the ongoing performance of any Adviser, participate in the management of any users Property Assessment Data. You may not have to go through the official protest procedure if the evidence is unmistakably in your favor. See the Massachusetts Department of Revenue website for additional information about qualifying property tax exemptions. The County sales tax rate is %. The assessor's office can provide you with a copy of your property's most recent appraisal on request. Contact Info: (781) 279 2640 (Phone) (781) 279 2642 (Fax) Town of Stoneham is a locality in Middlesex County, Massachusetts.While Should I report that to anyone? For 2022, the total rate in Worcester is $16.28 per $1,000 in assessed value. At 1.54%, the average effective property tax rate in Plymouth County is the on the higher side. The Treasurer's Office is responsible for the receipt of all Town monies and investments, all Tax Title accounts, the administration of the Town Meeting authorized debt, and the timely payment of all bills and payrolls of the Town. The fire hydrant in front of my house is leaking. They are expressed in dollars per $1,000 of assessed value (often referred to as mill rates). Contact Us. To meet these requirements, the assessors are obligated to Property Assessment Data. Overall, there are three steps to real estate taxation: setting tax rates, estimating market value, and then collecting the tax. Therefore, assessed value is a historical value and not a present market value which could be greater or less than depending on current market conditions. Property Taxes. For example, in the city of Plymouth the total rate for 2021 is $16.16 per $1,000 in assessed value. But, before beginning a time-consuming procedure, maybe you ought to reduce the valuation to dollars. schools and emergency responders each receive funding partly through these taxes. Why does my new assessed value not reflect the value of my house today? Recycling & Solid Waste - Smart/I.Q. The budget/tax rate-setting exercise generally entails regular public hearings to debate tax concerns and related fiscal considerations. is equal to the median property tax paid as a percentage of the median home value in your county. Click here to download our Business Certificate Form. Additionally, any bills outstanding after May 1st are charged a $10.00 demand fee. 93, and close to Middlesex Fells Reservation hiking, dog park and Stone Zoo. The Treasurer/Tax Collector's Office will provide taxpayers and Town employees with professional and courteous service. The primary responsibility of the assessor's office is the valuation of all real estate and real property in the Town of Stoneham. If you're thinking about buying real estate in Massachusetts despite the high property tax bills, or if you're looking into refinancing your mortgage, check out our mortgage rates guide for details on getting mortgages in the state. The only charge for some appeal companies involvement will be a percentage of any tax reductions uncovered. Theyll go over present levies, conduct more in-depth research, look for opportunities for exemptions, explore tax rolls for mistakes, file appeals before going to conferences, and orchestrate legal actions when appropriate. Just a little TLC and some updates this house will again shine. Based on latest data from the US Census Bureau, If we don't reduce your property taxes, we don't get paid, 2023 Copyrights Direct Tax Loan | All rights reserved, No, I don't want to reduce my property taxes. They are expressed in dollars per $1,000 of assessed value (often referred to WebStoneham offers property tax relief for senior citizens by participating in the states Property Tax Work-Off program for seniors. If you leave out mandatory details or forget a submission time limit, your appeal could be dismissed or returned to you for completion. If you have any suggestions, please send your ideas! Counties undertake real estate appraisals for Stoneham and special public districts. Compare your real property appraised market value with similar real estate especially with recently sold in your locale. A reappraised value is then taken times a combined levy from all taxing entities together to calculate tax billings. Click on a parcel to display a popup with information about that parcel. Property Tax Rates for Massachusetts Towns Rates are dollars per $1,000 of an asset's value Click table headers to sort Map of 2023 Massachusetts Tax Rates All investing involves risk, including WebTax Rate $12.87 Per Thousand All Classes. In this basic budgetary undertaking, county and local public directors determine yearly expenditures. On a yearly basis, all communities in the Commonwealth of Massachusetts must adjust and respond to the sales data from the previous calendar year. Typically its an onsite evaluation of the subject real property. WebEqualized Valuation is the determination of an estimate of the full and fair cash value (FFCV) of all property in the Commonwealth as of a certain taxable date. Use our free directory to instantly connect with verified Property Tax attorneys. WebStoneham. The appraisal report could be the critical factor in the success of your appeal. WebHow does Proposition 2 1/2 limit property taxes? This is not an offer to buy or sell any security or interest. This method uses market data, including the sales prices of nearby comparable properties, to calculate market value. What is the difference between an exemption and Property Assessment Data. Personal property is assessed separately from real Circuit Breaker Credit. If you believe this is an error, click here to report it. The average effective tax rate in Middlesex County is 1.24%. An assessor from the countys office determines your real estates worth. If you have reason to believe that your real property tax valuation is excessively high, you can always question the valuation. Create a Website Account - Manage notification subscriptions, save form progress and more. If you're wondering what is the mill rate or what is the property tax rate in any town in Massachusetts, you've come to the right page. Tax bills are mailed out four times annually (in January, April, July and October), and they are due within 30 days of being sent. Who should I report a street sign missing to? 0 The median home value in Norfolk County is $491,000, over $209,000 more than double the national average. WebThis office is responsible for meeting and adhering to strict certification requirements of the Department of Revenue. At this stage, you better solicit for help from one of the best property tax attorneys in Stoneham MA. If you have questions about how property taxes can affect your overall financial plans, a financial advisor in Boston can help you out. Property details: 3 bedroom, 2 bathroom, 1462 sq ft. Condo for sale #89846217. SOLD FEB These values are used as the basis of the local property tax. Create a Website Account - Manage notification subscriptions, save form progress and more. We will continue to persevere to treat all taxpayers with equity and take all necessary steps, allowable by law to collect on all past due accounts. hbbd``b`@)`k1 I / qA $DtF h $|#@20 aS Stoneham as well as every other in-county public taxing unit can at this point compute required tax rates because market worth totals have been recorded. Homeowners who believe their home's assessed value is too high can file an abatement application. WebStoneham. If the application is denied, the homeowner has the option to appeal, although this is a lengthier process. The tax year is a fiscal cycle which runs from July 1st to June 30th. Tax Rate History. Likewise, tax responsibility shifts with the ownership transfer. The excise tax is a tax levied on every registered vehicle and trailer within the state. %PDF-1.5 % The taxes owed on a home worth $216,100 at that rate would be $3,926 per year. Paying for police and fire protection is another material cost driver. hb```R. (in progress, all 2023 tax rates have not been released yet). County appraisers are enjoined by the state constitution to set property market values. Paid-in-advance tax reimbursements wont customarily take the form of direct transactions to the former owners. The goal of the assessment is to determine the market value of the property as of January 1st, the assessment date in Massachusetts. I see water coming up from the street, manhole, or my property. The variety and significance of these governmental services relying on property taxpayers cant be overemphasized.