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Valuation and Tax Summary 2016
Town of Rutland
Valuation and Tax
Summary

Fiscal Year 2016


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Prepared by the Board of Assessors

Arthur Lincoln, Chairman
Jeffrey Gibbs, Member
Joyce McGuinness, Member

Diane Peterson, Regional Assessor
Justine Votruba, Administrative Clerk









THE ROLE OF ASSESSORS IN MUNICIPAL FINANCE

In Massachusetts, assessors are either appointed or elected to three-year terms.  The assessors’ primary responsibility is to value all real estate and personal property subject to taxation.  Assessed valuations are based on “full and fair cash value” as of the January 1st preceding each fiscal year.

In order to maintain assessments at or near market value, the assessors’ regularly compare property valuations with the selling prices of properties that have sold.  Assessment-to-sale ratio statistics are analyzed to determine the median assessment level, as well as, assessment uniformity.

No valuation methodology can accurately predict what a property will sell for. A secondary, and perhaps more important role of the Board of Assessors is to generate equitable assessments.  To that end we continually strive to maintain an accurate property database and refine valuation tables and formulas that yield both equitable and explainable assessments.

ABATEMENTS

All taxpayers have the right to file for an abatement of their taxes if they believe that their property has not been fairly valued.  
Information regarding applications and deadlines to file for abatements is printed on tax bills, or can be obtained by calling the Assessors’ Office at 508-886-4101.  Applicants should present compelling evidence to support a claim of overvaluation.





Applications for abatements are due on or before the due date for payment of the 3rd quarter bill (February 1, 2015).  Mailed applications must be postmarked no later than 2/1/2015.

EXEMPTIONS

An exemption releases an individual from the requirement to pay all or a part of their property tax obligation.  Exemptions are available to those individuals that meet the various requirements in the following categories:
Elderly
Blind
Minor children of police/firefighters killed in the line of duty
Disabled Veteran
Widows or Widowers
Orphaned Minor Children

Applications for personal exemptions are due on December 15th, or within ninety days of the mailing of the 3rd quarter bill  (March 30, 2016).

APPEALS

If you are not satisfied with the action taken by the Board of Assessors office regarding your request for abatement or exemption, you have the right to appeal to the State Appellate Tax Board, 100 Cambridge St.  Boston, MA  02204  (617-727-3100).



Valuations by Property Class

Property Class          Accts           Valuation
                
Single Family Homes       2,561         653,949,180
Condominiums                260           23,028,000    
Mobile Homes and Other Res       33                 7,741,100   
Two Family Homes                      43                  10,527,600    
Three Family Homes              7                  1,521,200    
Apartments 4 - 8 Units                  13                         5,578,300    
Mixed Use                     33                         11,503,600
Vacant Land              1,053                   30,809,100     
Commercial                    30                         11,667,120
Industrial                              6                  2,019,000    
Personal Property                   144                  24,504,200     
Forest Lands - Chapter 61             18                                45,200  
Agricultural - Chapter 61A            45                              517,000
Recreational - Chapter 61B             4                              256,000
        
TOTAL TAXABLE            4,250               $783,666,600
Exempt Properties                                            $101,540,200       
TOTAL TAXABLE & EXEMPT              $ 885,206,800





    History of Valuations, Tax Rates, and Levies

Fiscal Year             Valuation               Tax Rate      Tax Levy
    2016               783,666,600     17.37     13,612,289
    2015               732,960,000     17.65     12,936,744            
    2014               721,018,300     17.11     12,336,623
    2013               711,823,900     16.66     11,858,986
    2012               734,741,500     15.30     11,241,545
    2011               753,504,300     14.14     10,654,551
    2010               788,048,200     12.92     10,181,570
    2009               810,115,400     11.99       9,713,284
    2008               824,785,200     11.21       9,245,843
    2007               792,525,300     10.76       8,527,572
    2006               701,395,100     10.42       7,308,536
      2005             651,398,000     10.99       7,158,864
      2004             534,134,295     11.35       6,062,424






         Summary of Appropriations and Revenues

APPROPRIATIONS & OTHER EXPENDITURES

Total Appropriations of Town Meeting    $20,583,240.27
Cherry Sheet Offsets                             10,649.00
Snow and Ice Deficit                              0.00
State and County Charges                         32,944.00
Allowance for Abatements & Exemptions            65,989.80

TOTAL                           $20,694,706.86


ANTICIPATED REVENUES

Property Tax Levy                       $13,612,288.84

        
State Distributions -   
        
State Aid                               $   852,780.00  
Veteran Reimbursements                 31,562.00
Exemption Reimbursements                       23,028.00        
State Owned Land                               82,458.00        
Public Libraries                               10,649.00

School Bldg Authority Payments               864,461.00 


Local-Non-property Tax Revenues (anticipated)

Motor Vehicle Excise                    $1,150,000.00
Penalties & Interest on Taxes                  80,000.00
Payment in Lieu of Taxes                     613,000.00
Other Charges for Services                   520,000.00
Fees                                   65,000.00
Other Revenues                       275,000.00
Licenses and Permits                         161,000.00
Fines and Forfeits                             13,000.00
Investment Income                                6,500.00


Other

Free Cash                                $  321,273.12
Other Available Funds                        240,665.00
Enterprise Funds                          1,764,758.90

TOTAL REVENUES                         $ 7,075,135.02






How Your Tax Dollars Are Spent
Based on Operating Budgets

SERVICES/DEPARTMENTS    BUDGET%     BUDGET$

Ambulance                     3.07               567,450.00     
Animal Control                  .21                39,462.00
Debt Service                14.38             2,656,220.13
Emergency Com/Management     1.66                306,068.90
Fire Protection               1.24               228,472.00
General Expenses/Benefits             6.90            1,275,641.00
General Government            4.63               855,051.67     
Health/Human Services           .75              138,328.00
Inspectional Services           .60              111,648.00
Library/Cultural/Recreation           1.14               209,985.22
Police Protection                     4.25               786,465.00
Public Works                  6.09         1,124,424.00
Education                           55.08           10,175,647.45


TOTAL BUDGET                            $18,474,863.37


Approximate Cost of Services
to the Average Single Family Homeowner

TOWN SERVICE                      AVERAGE TAX $
        
Ambulance                                      125.36   
Animal Control                             5.93 
Debt Service                                   633.13   
Emergency Com/Management                         73.69
Fire Protection                                  48.70
General Expenses/Benefits                              297.72
General Government                                     181.68   
Health/Human Services                            35.99
Inspectional Services                            26.68
Library/Cultural/Recreation                              49.13  
Police Protection                                      170.25
Public Works                                   263.42
Education                                            2323.32

TOTAL AVERAGE TAX BILL                           $ 4,435.00
(based on an average single  family residence
  valuation of $ 255,349 )


Compliments of
The Rutland Board of Assessors
250 Main Street
Rutland, MA  01543
508-886-4101



 
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