How will my taxes change as a result of the new assessment?

Although the value of your property affects your share of taxes, the actual amount you pay is determined by the budget needs of the schools, municipality and the county. Based on the Town Meeting approved budget for the year and revenues received during the year, a tax rate is set by the state that will generate the needed dollars. Your property taxes are then determined by taking your assessment, dividing by 1000, and multiplying by the tax rate.

Example: In 2017, Assessed Value $250,000 divided by 1,000 = 250 multiplied by Tax Rate $26.01 = $6,502.50 in annual taxes