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FY2019 Rate is $.54 less than FY2018 based on new growth and property changes

Easthampton, Massachusetts, November 15, 2018 - Easthampton Assessor Lori Stewart and the Board of Assessors announce the Massachusetts Department of Revenue (DOR) has finalized and certified the real estate and personal property values for Fiscal Year (FY) 2019.  DOR has also certified the FY2019 tax rate at $15.46 per $1,000 of assessment. The FY2019 rate is $.54 less than the FY2018 tax rate of $16.00.  The single rate applies to all classes of real property, commercial and industrial as well as residential.  This in accordance with the vote of the City Council at the Classification Hearing held November 7, 2018.

The FY2019 rate is a result of new growth, current market conditions and property modifications as of January 1, 2018.  The average single-family assessed value is $256,678 up from $239,362 in FY2018.  As a result, the average taxpayer will pay an additional $139.00 in property taxes for FY2019.

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