The Carlisle Mosquito Online

Friday, October 19, 2001

News

About that big tax bill . . . due November 1

Each year it arrives with the cool weather. It may be shocking, but not surprising that the 2002 tax bill is higher than last year's. It is a law of the universe that taxes go up. The first half of the Fiscal Year 2002 tax bill is due on November 1, 2001.

For most Carlisle property owners, the bigger bill is due to two factors: an increase in the tax rate from $15.02 per thousand dollars of assessed valuation in FY01 to $15.78 per thousand in FY02; and the Community Preservation Act surcharge which the town voted at the Special Town Meeting last April. The Act establishes a Community Preservation Fund financed through a two percent surcharge on the local property tax. The fund, which will be matched by state funds, must be used for the acquisition and preservation of open space, historic resources, and community housing. The town voted to exempt the first $100,000 of assessed property value from the surcharge, as well as any property owned by a person who qualifies for low income housing or low or moderate senior housing. The entire two percent surcharge must be paid in the November 1 installment.

State law requires that every real estate unit be revalued once every three years. The appraisal process involves looking at the style of a house, its age, number of rooms and other structures, and assigning a value that is consistent with the previous year's sales prices for comparable homes in the neighborhood.

The last town-wide revaluation was in 2000, based on 1999 sales prices. For most town residents, the valuation of their property has not changed from last year. The only exceptions this year were properties with building permits and homes on Hartwell Road and Overlook Drive, where valuations were adjusted after questions from several taxpayers required a review of all properties on these roads.

About that big tax bill . . . due November 1

Each year it arrives with the cool weather. It may be shocking, but not surprising that the 2002 tax bill is higher than last year's. It is a law of the universe that taxes go up. The first half of the Fiscal Year 2002 tax bill is due on November 1, 2001.

For most Carlisle property owners, the bigger bill is due to two factors: an increase in the tax rate from $15.02 per thousand dollars of assessed valuation in FY01 to $15.78 per thousand in FY02; and the Community Preservation Act surcharge which the town voted at the Special Town Meeting last April. The Act establishes a Community Preservation Fund financed through a two percent surcharge on the local property tax. The fund, which will be matched by state funds, must be used for the acquisition and preservation of open space, historic resources, and community housing. The town voted to exempt the first $100,000 of assessed property value from the surcharge, as well as any property owned by a person who qualifies for low income housing or low or moderate senior housing. The entire two percent surcharge must be paid in the November 1 installment.

State law requires that every real estate unit be revalued once every three years. The appraisal process involves looking at the style of a house, its age, number of rooms and other structures, and assigning a value that is consistent with the previous year's sales prices for comparable homes in the neighborhood.

The last town-wide revaluation was in 2000, based on 1999 sales prices. For most town residents, the valuation of their property has not changed from last year. The only exceptions this year were properties with building permits and homes on Hartwell Road and Overlook Drive, where valuations were adjusted after questions from several taxpayers required a review of all properties on these roads.


2001 The Carlisle Mosquito