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HAMILTON BOARD OF ASSESSORS
ANNUAL REPORT 2008
For 2008, the total assessed taxable valuation of Hamilton is $1,437,246,401 with a property tax levy of $21,889,262. The fiscal year 2009 tax rate as certified by the Department of Revenue is $15.23 up 1.84 from the previous year. Building permits issued in 2008 resulted in an additional $245,257 in tax levy growth.
In 2008, the Board of Assessors completed their mandatory 3 year recertification year adjustment on all property in the town of Hamilton as required by the Department of Revenue. Under Massachusetts’s law, this Board is required to value all of Hamilton’s 2793 properties at 100 percent of their full and fair cash valuation, thereby insuring an equitable distribution of the property tax levy. The town’s average single-family valuation is $515,400. More importantly, we believe that we have met our statutory obligation to re-establish proper assessment level and uniformity throughout the town of Hamilton. Final Department of Revenue certification of assessed valuations was granted in December and property tax bills were subsequently mailed at the end of December. The current valuation and levy percentages based upon
property class are as follows:
CLASS |
VALUATION |
% |
TAXES PAID |
LEVY % |
|
|
|
|
|
Residential |
1,363,501,400 |
95% |
$20,766,126 |
95% |
Commercial |
57,758,600 |
4% |
$879,663 |
4% |
Industrial |
823,600 |
0% |
$12,543 |
0% |
Personal |
15,162,801 |
1% |
$230,929 |
1% |
|
|
|
|
|
TOTALS |
1,437,246,401 |
100% |
$21,889,261 |
100% |
In 2008, the Assessing Department completed the fifth, and final, year of a state-mandated data re-collection program. This process is an important component of maintaining the integrity of Hamilton’s real property information database.
Also in 2008, the Assessors office processed over 700 applications for excise abatements, Elderly and Veteran Exemptions, and CPA Exemption.
We would like to assure all property owners that the Board of Assessors will continue its effort to meet the challenge of maintaining equitable assessments in this current real estate market.
Respectfully submitted,
Gelean M. Campbell, Chairman
Steven Ozahowski, Member
Peter J. Kane, Member
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