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How do the Assessors determine value?

April 26, 2017Assessors determine value

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How do the Assessors determine value?

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By law property valuation in Massachusetts is required to be based on “full and fair cash value,” which is the amount a willing and knowledgeable buyer would pay a willing and knowledgeable seller on the open market. The Assessors must collect, record, and analyze a great deal of information about property and market characteristics in order to estimate the fair market value.