This document explains the different types of appraisals as defined by the business valuation standards of the American Society of Appraisers. It also includes a work list and a transmittal letter to accompany the work list.
Massachusetts The Valuation Expert
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FAQ
Assessments by law in Massachusetts are 100% of full and fair cash value more commonly referenced as market value.
If you appeal your decision, you must file a notice of appeal with the ATB within 30 days of the date of your decision. See Mass. Rules of Appellate Procedure Rule 4(a). For information about the appeal procedure at the Massachusetts Appeals Court, contact their clerk's office at (617) 725-8106.
An assessor will not enter your house or dwelling unless they have specific permission.
Assessors are required by Massachusetts law to value all real and personal property within their community. This includes every property from single-family residences to commercial and industrial enterprises. Every five years, the Assessors must submit these values to the Department of Revenue for certification.
In simple terms, mass appraisal is a mathematical formula created to represent and compare property characteristics that contribute to value for a group of properties. These may include items such as square footage, quality of construction, lot size, or view.
State law requires that all property in the town be assessed within ten percent of market value every three years and the Department of Revenue is required to certify that a community has done this. A revaluation is the best way to ensure uniformity and equity in accomplishing this mandate.
Do I have to let the assessors into my house? You do not have to allow the assessors into your home. We only request the inspection in order to be as fair and accurate as possible. However, if an assessor is denied entrance, property owners give up their ability to challenge the assessed value.
Assessments by law in Massachusetts are 100% of full and fair cash value more commonly referenced as market value.