Fiscal Year 2016 Assessments Are Posted

November 4, 2015

 Fiscal Year 2016 Assessments are Posted

 

As required by Massachusetts state law, the fiscal year 2016 values reflect fair market value of properties as of January 1, 2015.  Click on the Assessor’s Database http://assessing.newtonma.gov/NewtonMAWebApp/  to view fiscal year 2016 assessed values.   Assessments are based on sales of similar properties in calendar year 2014.  The Assessors also reviewed sales at the end of calendar year 2013 and the beginning of calendar year 2015.  Property owners who wish to determine that their values are equitable, may research sales in their neighborhood on the city's website.  Click on City Government, Assessing and then Assessing Forms http://www.newtonma.gov/gov/assessor/forms.asp and scroll down to links to sales information.  In addition, there are answers to Assessor Frequently Asked Questions (FAQs) on the website.    

 

The real estate market in Newton was robust during calendar 2014 showing an upward trend in valuation.  As a result, the FY2016 assessments have been adjusted to reflect this appreciation in value.  Valuation changes also are reflected in commercial and residential properties with renovations, additions, recent inspections where conditions and/or qualities were adjusted, or had adjustments due to sales verification review or income and expense reporting on commercial properties.

 

Property owners who wish to discuss the assessment process and pertinent sales activity can contact the Assessing Department by email at assessing@newtonma.gov, call the Assessing Department at 617-796-1160 or visit the Assessing Department on the first floor at City Hall.  The Assessing Office is open from Monday through Friday from 8:30 A.M. to 5:00 P.M. and on Tuesday evening until 8:00 P.M.

 

A tax classification hearing, at which the Board of Aldermen will vote to determine the proportion of the tax levy borne by the commercial, industrial and personal property owners and the proportion borne by residential property owners, will be held at 7:00 P.M. on Monday, November 16, 2015.  This hearing determines the tax rates for Fiscal 2016 to be submitted to the Massachusetts Department of Revenue for approval.  Tax bills will be issued by the Treasurer/Collector in late December. 

back to top