What are property taxes?

Property taxes are known as an “ad valorem” tax which means they are based on the value of the property rather than the ability of the property owner to pay. Property taxes are collected to pay the towns’ expenses. (The money that is raised from property taxes is called the Tax Levy, and in Longmeadow it accounts for about sixty-eight percent (82%) of the total raised.) The money collected from property taxes (about $56 million dollars in fiscal 2021), called the tax levy is apportioned to property owners based on assessed values.

Show All Answers

1. What are property taxes?
2. When and how is property valued?
3. Who are the Assessors?
4. When and where does the board meet?
5. What are the Assessors’ responsibilities?
6. Why is the previous owner’s name (seller/grantor) on the real estate tax bill when I am the “new” owner?
7. How can I reduce my property tax bill? / What is an abatement? / Are there other ways to lower my taxes?
8. What is Market value?
9. What is Longmeadow’s fiscal year?
10. When are changes to the improvements applied to the property value as compared to changes in value due to market conditions?
11. What is real property?
12. What is real estate?
13. What is personal property?
14. How is the property tax rate calculated?
15. What is Proposition 2½?
16. What do I need to know about motor vehicle excise?
17. Questions or Comments