Hey Danvers Residents! By now, you have received your Q3 property tax bills that were mailed last week. As a reminder, the average single family tax bill increase this fiscal year is ~3.7%, which mirrors the tax levy increase approved in May by Town Meeting to support operating and capital budgets. If your individual tax bill is increasing by more or less than ~3.7%, that is because the value of your home has increased by more or less than the average home in Danvers. Information on tax abatements for certain income or age qualifying residents can be found at the Assessor’s counter in Town Hall or online at www.danversma.gov/property-tax-relief/. Abatements must be filed no later than February 3rd (we are open until 5:00 PM that day).
Helpful tip: The 1st and 2nd quarter tax bills are Preliminary Bills and are estimated based on each property’s previous fiscal year taxes. The 3rd and 4th quarter tax bills are Actual Tax Bills. These bills are calculated by multiplying the new assessed value of each property by the new tax rate (set in December), minus any preliminary tax payments. The result is any increase in taxes, year over year, are reflected in the final two quarters instead of evenly across all 4 quarters.
Additional information on assessments, abatements, billing and the value of your property can be found here: https://www.danversma.gov/real-estate-personal-property/