FOR IMMEDIATE RELEASE
For More Information, Contact:
Lindsi Mailler, Municipal Clerk
City of Easthampton
50 Payson Avenue
Easthampton, MA 01027
(413) 529-1400 x143
EASTHAMPTON TAX RATE SET FOR FISCAL YEAR 2020
November 14, 2019 - Easthampton Assessor Lori Stewart and the Board of Assessors announce the Massachusetts Department of Revenue (DOR) has finalized and certified the real estate and personal property values for Fiscal Year (FY) 2020. DOR has also certified the FY2020 tax rate at $17.76 per $1,000 of assessment. At the November 6, 2019, City Council Classification Hearing, this single tax rate applies to all classes of real property, commercial and industrial as well as residential.
Easthampton’s new growth, current market conditions, and property modifications as of January 1, 2019 mitigated the impact of the school debt exclusion on the FY2020 tax rate. The FY2020 rate is $2.30 more than the FY2019 tax rate of $15.46, as it includes the school debt exclusion amount of $2.54. Without the debt exclusion, the tax rate would have been $15.22. The average single-family assessed value is $265,184 up from $256,678 in FY2019. As a result, the average taxpayer will pay an additional $742 in property taxes for FY2020.
Real Estate and Personal Property tax bills are mailed twice a year. Each mailing will include two (2) quarterly billing cycles, with due dates of August 1, November 1, February 1 and May 1. Reducing the number of times tax bills are mailed out to residents provides over $5000 in cost savings and staff efficiency. New property owners or those with new mailing addresses should make changes with the Assessor's Office to avoid any problems of not receiving bills promptly. Applications for tax abatements are due by February 1, 2020.