When are changes to the improvements applied to the property value as compared to changes in value due to market conditions?

Physical changes to property such as an addition to the house are applied up to June 30, 2022 for fiscal 2023 values. 

Property values are scheduled for “certification” for fiscal 2022 assessments. The assessed value is an estimate of what the property could have sold for on the date of valuation (January 1) if it had been available for sale, and exposed to the market for a reasonable period of time. Each year the Assessors strive to have assessments uniform and fair based on the sales that took place from January to December of the year prior to January 1 valuation date. (Sales of property between January and December of 2020 were used to value property with a valuation date of January 1, 2021 for fiscal 2022.) 

Challenges to these values are welcome through the abatement process. Properties with physical changes due to a building permit received the additional increase of the remodeling/addition based on what was done by June 30. Any physical change noted by the Assessors can be applied to a property at any time, whether or not a permit is involved, it then becomes an issue of what fiscal year it is applied.

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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