Home 
Got a question? Try Ask the MMA When is state-owned land assessed for the payment-in-lieu-of-taxes program?
Q: When is state-owned land assessed for the payment-in-lieu-of-taxes program?
A: The Department of Revenue’s Bureau of Local Assessment estimates the fair market value of state-owned properties every five years. The bureau collects data on the 3,100 properties, totaling more than 380,000 acres in 255 Massachusetts cities and towns. The valuations are used as the basis for state reimbursement to municipalities for tax revenues lost because the land is exempt from local property taxation. Cities and towns receive their payments for most of these properties through the Cherry Sheets. There is a direct reimbursement program for watershed land owned by the Metropolitan District Commission.
The most recent valuation date was as of January 1, 2005, and the Bureau of Local Assessment notified communities of its determination of values by June 10, 2005. After notification, there will be time for assessors to discuss the values, present documentation to support changes in the proposed valuations, and/or formally appeal the values. Any property the state has acquired since the last valuation, conducted in 2000, was listed at its assessed value. The Bureau of Local Assessment does not make projections of the results of the statewide assessment.
Got a question? Try Ask the MMA When is state-owned land assessed for the payment-in-lieu-of-taxes program?
When is state-owned land assessed for the payment-in-lieu-of-taxes program?
Q: When is state-owned land assessed for the payment-in-lieu-of-taxes program?
A: The Department of Revenue’s Bureau of Local Assessment estimates the fair market value of state-owned properties every five years. The bureau collects data on the 3,100 properties, totaling more than 380,000 acres in 255 Massachusetts cities and towns. The valuations are used as the basis for state reimbursement to municipalities for tax revenues lost because the land is exempt from local property taxation. Cities and towns receive their payments for most of these properties through the Cherry Sheets. There is a direct reimbursement program for watershed land owned by the Metropolitan District Commission.
The most recent valuation date was as of January 1, 2005, and the Bureau of Local Assessment notified communities of its determination of values by June 10, 2005. After notification, there will be time for assessors to discuss the values, present documentation to support changes in the proposed valuations, and/or formally appeal the values. Any property the state has acquired since the last valuation, conducted in 2000, was listed at its assessed value. The Bureau of Local Assessment does not make projections of the results of the statewide assessment.
| < Prev | Next > |
|---|
