Town of Rutland
Board of Assessors
250 Main Street
Rutland, MA 01543
RUTLAND FY17 FINAL VALUES (1).pdf
FY2017 Property Values Available for Review in Rutland
The Rutland Board of Assessors has been conducting the FY2017 triennial revaluation required by Massachusetts State Law. The periodic update of values ensures that all property is assessed at full and fair market value as of January 1, 2016. The Board has received preliminary certification by the Massachusetts Department of Revenue and the official period of public disclosure is now open.
The revaluation requires the verification, analysis, and use of arms-length sales from calendar year 2015. Sales from calendar years 2014 and 2015 were used to value the apartment, vacant land, commercial, and industrial property classes. Market trends may indicate that different property types may change in value more or less than other property types. The average single family home value increased about 2%, the condominiums class increased about 13% with variations from complex to complex, and the apartment class increased about 17%. Commercial and industrial classes increased overall in value about 8% with variations from one property to another. Vacant land increased about 3% depending upon the neighborhood. Individual parcel valuations may vary from the class average due to data updates and corrections, new construction, and the
effects of market trends effect on their specific characteristics.
Please note that an increase/decrease in value does not mean an increase/decrease in taxes. When valuations increase/decrease, the tax rate increases to adjust for the increasing tax levy based on appropriations and expenditures voted by Town Meeting.
Interested parties may examine new proposed values, to review and discuss any questions, and request changes of their assessment during the Public Disclosure period from 12/12/2016 to 12/16/2016. Values are available in the Assessor’s office and reports can also be found in the hall at the Assessor’s map station. Office hours are Monday to Thursday 8:00AM to 12PM noon and Friday 8-10AM. Values are available on our town website http://townofrutland.org. The office may be contacted via telephone at 508-886-4101 or email: firstname.lastname@example.org.