Our staff of four will attempt to answer taxpayer questions about abatements, excise taxes, exemptions and property identification as our experience has shown that an informed taxpayer has a better understanding of the valuation processes and the services allowed by law for taxpayers.
The Assessing Department is responsible for valuing all real and personal property within the Town of Danvers for tax purposes and administers statutory tax exemptions and abatements.
We are required by Massachusetts law to list and value all real and personal property on an annual basis. The FY'21 Property Tax Rates are: $13.35 (Residential) and $21.38 (Commercial).
Assessed values in Massachusetts are based on “full and fair cash value,” or 100 percent of the fair market value as of January 1 of each year. To arrive at “full and fair cash value,” the Assessors interpret the real estate market by analyzing property sales. This involves an analysis of market activity by each class of property. Assessors are required to submit these values to the Commonwealth's Department of Revenue for certification every three years. In the interim years, Assessors must also analyze the real estate market and perform adjustments to values as needed. That requirement is so that the property owner pays his or her fair share of the cost of local government, in proportion to the amount of money the property is worth, on a yearly basis rather than every three years. Notably, our Assessments differ from an independent appraiser's due to the appraisal methods required under Massachusetts General Law Chapter 59 and the time period captured in our assessments.
The Assessing Department also administers, but does not determine, motor vehicle and boat excise taxes. Those values are set strictly by the Commonwealth.