The Assessing department of the Town of Bolton, Massachusetts is responsible for the support of the Board of Assessors in their duties as well as providing the day to day service to the residents of Bolton.
The office can provide help with all assessment related needs, including various forms and documents. The office maintains an extensive collection of copies of property deeds, plot[Link] plans and other documents. Copies can be made on request.
Forms can usually be obtained via the web site, from a folder hanging outside the Assessors office or from the office staff.
Other services include - Certified abutters lists, GIS Maps (coming soon) and past sales records.
The Tax rate for FY14 is $21.20 per thousand dollars of assessment.
(The Tax rate for FY13 was $20.96 per thousand dollars of assessment.)
Quarterly Taxes Explained
Many taxpayers owning properties in Massachusetts’ cities and towns that bill real estate taxes quarterly find the process confusing. The confusion often results in miscalculations of the extent of property tax increases. A brief explanation follows.
Fiscal years for Massachusetts’ municipalities run from July 1st to June 30th. The 1st and 2nd quarter tax installments are each based on one-quarter of the prior fiscal year’s total taxes. These bills are referred to as “estimated bills” or “preliminary bills”. Some towns may chose to increase estimated bills if they anticipate a large tax increase. With the issuance of 3rd quarter bills in January, new assessed valuations and tax rates appear. Also stated is the newly computed property tax for the year. Essentially, the total tax for a given fiscal year is known midway through that fiscal year. Estimated payments made in the 1st two quarters are subtracted from the total computed tax and the
remainder is billed over the 3rd and 4th quarter installments. It is important to note that tax increases for the year are generally born on the final 2 installments. Tax comparisons should be made by comparing the total fiscal year’s taxes, not by comparing quarter-to-quarter payment amounts.
State law requires assessors to estimate the fair market of all properties within their jurisdiction. With this mandate comes the requirement that assessors conduct annual revaluations. Revaluations not only respond to the ever changing real estate market, but are opportunities for assessors to improve the quality of property data and the underlying valuation methods used to estimate values.
Assessed valuations do not reflect current market value. By law your assessment should reflect the estimated property value on the January 1st preceding the fiscal year of assessment. For example, your fiscal year 2014 assessed valuation reflects an estimated market value on January 1st, 2013. Property sales from the period January 2011 thru December 2012 were used to estimate valuations. Given the declining market since January 2013, it is likely that your assessed valuation exceeds the fair market value today.