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Conference 7.286::maynard

Title:Maynard -- Center of the Universe
Notice:Welcome to our new digs...
Moderator:PRAGMA::GRIFFIN
Created:Wed Aug 06 1986
Last Modified:Thu Feb 20 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:509
Total number of notes:4062

159.0. "Recent Tax adjustment" by SCIVAX::BURNS () Wed May 31 1989 19:13

    My taxes went up 25% during the recent adjustment in Maynard. I'm
    looking for information about how the adjustment was implemented
    and how it affected people who live in Maynard. Does 25% seem like
    an average. What were some of the % increases that MAYNARD readers
    experienced? Thanks in advance for the info.
T.RTitleUserPersonal
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159.1assesment higherJOSIE::JCURLEYMon Jun 12 1989 16:249
    
    My tax bill went up at least that amount also, the change was primarily
    was related to the increase in the assesment of my house.  Which was
    30% higher than what I paid for it 3 years ago.
    
    There is an appeals process outlined on the back of the tax bill that
    you could look at.
    
    -joanne
159.2House jumps 86%, land jumps 387%?SCIVAX::BURNSTue Jun 13 1989 15:115
    It was my land assessment that went up. When I bought the place
    3 years ago the land was assessed at 23.6. The latest assessment
    was 91.3.  I have 1/4 of an acre of land, so that works out to 365k
    for an acre of land in Maynard. Does anyone else have anywhere near
    this kind of assessment for their land?
159.3SENIOR::IGNACHUCKTue Jun 13 1989 16:1411
    My understanding is that the minimum for a buildable lot went up
    to about 90.0 K for a quarter acre, so yours is right in line.
    However, you can't use simple math to get a cost per acre.  That
    would be too easy.   What you've done is get the cost for four
    quarter-acre buildable lots, all legally separate and deeded and 
    ready to be developed.  I don't know how they figured the value of
    lots larger than 1/4 acre.  
    Believe it or not, buildable lots on Summer Street have gone for 
    100 K and up during the past year or soz.
    
     
159.4100% valuationJOSIE::JCURLEYTue Jun 13 1989 16:2612
    
    I have 4000 sq ft (an old house), my land was assessed at 86 or 89K.
    
    With 100% valuation under 2 1/2, property values are determined
    by looking at actual sales of similar properties.  If as .3 says
    that buildable lots on Summer Street have gone for 100 K and up,
    then that's probably why we have had such a large re-assesment
    of our land.
    
    Could be worse...our property values could be dropping.
    
    -joanne
159.5me toTHOTH::FILZDTN 297-6970Tue Jun 13 1989 19:312
    I have 4000 sq ft an assessed at 89k you have a bargin.