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Valuation and Tax Summary F/Y 2017
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Town of Rutland
Valuation and Tax
Summary
Fiscal Year 2017

Prepared by the Board of Assessors
Jeffrey Gibbs, Chairman
Arthur Lincoln, Member
Joyce McGuinness, Member
Diane Peterson, Regional Asses


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, 2017). Mailed applications must be postmarked no later than 2/1/2017.

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, 2017).

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 2,570 672,666,650
Condominiums 272 25,917,700
Mobile Homes and Other Res 32 7,643,900
Two Family Homes 44 11,499,900
Three Family Homes 7 1,520,800
Apartments 4 - 8 Units 13 6,715,200
Mixed Use 58 11,417,500
Vacant Land 1,040 30,605,600
Commercial 30 12,824,350
Industrial 8 3,020,700
Personal Property 141 23,337,200
Forest Lands - Chapter 61 18 38,000
Agricultural - Chapter 61A 45 434,300
Recreational - Chapter 61B 5 270,600
TOTAL TAXABLE 4,358 $807,912,300
Exempt Properties $108,927,700
TOTAL TAXABLE & EXEMPT $ 916,840,000

History of Valuations, Tax Rates, and Levies
Fiscal Year Valuation Tax Rate Tax Levy
2017 807,912,300 18.32 14,800,953
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 $22,276,600.82
Cherry Sheet Offsets 10,586.00
Overlay Deficit 2009 1,128.97
State and County Charges 42,768.00
Allowance for Abatements & Exemptions 73,631.58
TOTAL $22,404,714.67

ANTICIPATED REVENUES
Property Tax Levy $14,800,953.33
State Distributions -
State Aid $ 889,450.00
Veteran Reimbursements 23,259.00
Exemption Reimbursements 25,609.00
State Owned Land 81,476.00
Public Libraries 10,486.00
School Bldg Authority Payments 864,461.00
Local-Non-property Tax Revenues (anticipated)
Motor Vehicle Excise $1,225,000.00
Meals Tax 40,000.00
Penalties & Interest on Taxes 90,000.00
Payment in Lieu of Taxes 550,400.00
Other Charges for Services 585,000.00
Fees 80,000.00
Other Revenues 320,000.00
Licenses and Permits 175,000.00
Fines and Forfeits 20,000.00
Investment Income 10,000.00
Miscellaneous Recurring 5,053.00
Other
Free Cash $ 543,462.04
Other Available Funds 143,427.72
Enterprise Funds 1,771,577.58
Free Cash after July 1 150,000.00
TOTAL REVENUES $ 7,603,761.34


 How Your Tax Dollars Are Spent
Based on Operating Budgets
SERVICES/DEPARTMENTS BUDGET% BUDGET$
Ambulance 3.25 644,123.67
Animal Control .18 35,349.52
Debt Service 13.33 2,641,845.40
Public Safety/Dispatch 2.07 410,453.51
Fire Protection .88 175,733.48
General Expenses/Benefits 6.90 1,366,651.27
General Government 4.48 888,412.60
Health/Human Services .69 133,093.22
Inspectional Services .58 116,073.00
Library/Cultural/Recreation 1.11 220,271.34
Police Protection 4.05 802,287.44
Public Works 6.28 1,233,833.93
Education 56.25 11,146,035.00
TOTAL BUDGET $19,814,163.38

Approximate Cost of Services to the Average Single Family Homeowner

TOWN SERVICE AVERAGE TAX $
Ambulance 155.84
Animal Control 8.63
Debt Service 639.18
Emergency Com/Management 99.26
Fire Protection 42.20
General Expenses/Benefits 330.86
General Government 214.82
Health/Human Services 33.08
Inspectional Services 27.81
Library/Cultural/Recreation 53.22
Police Protection 194.20
Public Works 301.13
Education 2697.21
TOTAL AVERAGE TAX BILL $ 4,795.04
(based on an average single family residence
valuation of $ 261,738)

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


 
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