** ATTENTION PRINCETON PROPERTY OWNERS**
The Board of Assessors has recently completed a reassessment of all property values within the Town in an effort to equalize assessments at 100% of fair market value as of January 1, 2018. The project was completed in accordance with guidelines established by the Massachusetts Department of Revenue, utilizing the analysis of valid arms-length sales which occurred during calendar year 2017.
The proposed new values will be available for public review from Tuesday, November 13, 2018 through 8:00 PM Tuesday, November 20, 2018. The Town Hall is located at 6 Town Hall Drive, Princeton and office hours are 8:00 am to 4:00 pm Monday, Wednesday and Thursday, Tuesday 8:00 am to 8:00 pm. They will also be available at the Public Library, 2 Town Hall Drive, during regular Library hours, Tuesday 10-8, Wednesday 10-5, Thursday 10-8, Friday noon to 5:00 and Saturday10-3. If you are unable to come into the office, please call us at 978-464-2104 or 978-464-2119 and we will furnish information regarding your assessment over the phone. Information is also available on our website at http://town.princeton.ma.us/Pages/PrincetonMA_Assessors/index .
Board of Assessors
Town of Princeton
FY'18 TAX RATE: $17.28
2 ACRE MINIMUM - 225' STREET FRONTAGE
THE ROLE OF ASSESSORS IN MUNICIPAL FINANCE
In Massachusetts, assessors are either appointed or elected to three-year terms. State law requires that assessors value all real estate and personal property subject to taxation. Assessed valuations are based on "full and fair cash value" as of the June 30th preceding each fiscal year.
All of the assessors' activities are intended to insure that taxpayers pay an equitable tax. Every year assessors conduct market studies to determine what value adjustments are required to maintain property values at or near 100% of market value. The State Department of Revenue requires assessors to submit their valuations for review and certification every three years.
Assessors do not raise or lower taxes. That responsibility falls to those citizens who choose to be involved with Town Meeting and the budget preparation process. Assessors simply assess taxes in an amount sufficient to cover state and local appropriations.