Home / Archive / VOL. V NO. 14 07/15/2024 / Notes from the Board of Assessors, July 1, 2024, Hybrid Meeting

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VOL. V NO. 14 07/15/2024

Notes from the Board of Assessors, July 1, 2024, Hybrid Meeting

1. Assessor Michael Bay discussed the new GIS site. 

2. The new Equalized value (EQV) prepared by DOR

3. Board of Assessors member Doug Goudey pointed out the importance of the EQV and its impact on Stockbridge’s share of school construction costs.

Brief meeting — adjourned.

Editor’s notes: 

1. MassGIS Data: Municipalities is the representation of Massachusetts’ municipal (city and town) boundaries; this representation is based on the legislatively approved record of municipal boundaries. At the site, you can also look up an individual property. MassGIS regularly makes corrections or refinements to this data layer as information becomes available. Here is the link to visit https://www.axisgis.com/StockbridgeMA/

2. Equalized Valuations (EQV) is the determination of the estimated full and fair cash value (FFCV) of all property in the Commonwealth as of a certain taxable date. The Commissioner of Revenue, in accordance with MGL Ch. 58 Section 10C, is charged with the responsibility of biennially determining an equalized valuation for each city and town in the Commonwealth. The resulting final figures for your municipality appear on Form LA-19.

Historically, EQVs have been used as a variable in distributing some Commonwealth aid accounts and for determining county assessments and other costs

Relationship to Cost of School Construction

These EQVs will be used as a basis of comparison among the 351 municipalities within the Commonwealth for certain Commonwealth and local purposes. Specifically, EQV is used in the allocation of aid to public libraries, in the calculation of Chapter 70 funding (Commonwealth aid to public elementary and secondary schools), and in the reimbursement rate of school construction projects.

Photo: Lionel Delevingne

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