Level 4 - Drought Conditions - Outdoor Watering w sprinklers/irrigation systems allowed Tues/Sat ONLY, 7:00PM-10:00PM.  Hand watering & car washing allowed anytime.
The Town of Danvers new, easy-to-use online payment platform with more ways to view and pay your utility bill, plus the ability to pay by phone and via text message is now available.

Valuation List

Determining Values

Assessors are rquired to determine values in accordance with Mass Appraisal Methods.  A market analysis is conducted each year using property sales data from the 12 months prior to the assessment date for the given fiscal year.  It is important to note that the Assessors must value property as of the January first which precedes the start of the fiscal year.  The assessed value, which first appears on the 3rd quarter tax bill, is based on the previous January 1 and sales from the year before that.  This may cause confusion to taxpayers who see properties selling today which seem to reflect a different market.  A fee appraiser would typically value your property as of the current date of inspection.

There are three approaches to value:  Sales comparison, cost approach and income approach.  The most commonly used approach is the sales comparison.  The cost approach is based on replacement cost of a structure as if it were built new today (not at the time it was built), less depreciation.  The income approach is based on an analysis of income and expense information and can be utilzed as a valuation method for revenue generating properties.

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