Real Estate

Tewksbury 2020 Reassessment: See Your Home's Proposed Valuation

Residential properties had typical increases of 6-10% from last year, the assessors found.

Due to an "active market," most residential property increased in value over 5% from last year.
Due to an "active market," most residential property increased in value over 5% from last year. (Shutterstock)

TEWKSBURY, MA — The Tewksbury Board of Assessors completed a revaluation of all property for Fiscal Year 2020, it announced Tuesday. The proposed new valuations received preliminary certification by the Department of Revenue, Division of Local Services. Most properties increased in value, "based on an active market," they said.

"Single Family, Condominiums, Two and Three Families and Apartment class has typical value changes between six to ten percent (6-10%) from Fiscal Year 2019 assessments. Commercial and Industrial properties have increased three to six percent (3-6%) from Fiscal Year 2019 assessment. Both classes of property have been interim year value adjusted from the Town’s last revaluation in Fiscal Year 2016 to keep current with market conditions. All Department of Revenue guidelines have been met and our preliminary assessments reflect full and fair cash value as of January 1, 2019," the release reads.

Preliminary evaluations by address are available at the Board of Assessor's website, as a table in PDF format.

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Property valuations determine amounts owed in taxes.

They'll also be available in the Assessor's Office in the Town Hall Annex at 11 Town Hall Avenue from 7:30 AM through 4:30 PM, Monday, Oct. 7, 2019 through Friday, Oct. 11, 2019.

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The release continues: "Contact the Assessor’s office during the public disclosure period to ask questions, review, discuss and request changes in the proposed values. Assessor’s Department personnel are available from 7:30 AM to 4:30 PM Monday through Friday to answer questions and correct errors related to the revaluation. Contact us at 978-640-4330 or [email protected]."


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