Real Estate

 

The Board of Assessors is responsible for placing a value on all land, buildings and personal property in the town. A value is placed on each real estate parcel in the town as of January 1 of each  year. That value is used to calculate the tax due for the following fiscal year, beginning July 1.

For the current fiscal year, FY2006, beginning July 1, 2005 the tax rates are:

For residential property and open space: $10.07 per $1000 of value

For commercial and industrial property: $17.74 per $1000 of value

The total tax due for the year is billed in four installments with due dates of:

August 1
November 1

February 1

May 1

 

Please note: The dates above are the dates by which the payment must be received by the Collector. They are not postmark dates.

Because the tax rate is usually not set until the late fall of each year, the first two tax bills are estimates based on the bill for the previous fiscal year. Once the tax rate is set, the final two bills are adjusted so the total bill for the year is correct.

  

 

 

 


© 2003 Town of Tewksbury