All values in Stockbridge are up!
MA LA13 — New Tax – $144,000 — very high. Last year it was an $85,000 increase and that was high.
Valuations – $15,000,000 — that is the highest valuation ever in our Town. It is comprised of 15 new homes — 9 completed, 6 partially completed. The valuation is the highest ever and 15 is the highest number of new-builds in one year ever.
“It was a banner year for building permits” according to Town Assessor, Michael Blay.
Blay anticipates the Certification Hearing for the tax rate and abatements and exemptions will be at the Select Board meeting the second week in October. He also anticipates a “dip” in the tax rate.
An October Certification Hearing should mean we receive our tax bills earlier than last year.
The final item was placement on the Stockbridge tax bill of the road maintenance fee charged Beachwood residents. They requested it be handled this way but the Assessor wonders if it may cause problems down the road. He added he could only find one other Mass town that had assisted a private community with its fee collection by placing the fee on the tax bill this.
Editor’s note: An “LA13” is the new growth form. It records new taxes, that is, taxes on properties never taxed before, not an increase in taxes on properties previously taxed. That would mean taxes on new builds. $144,000 added to our income from real estate taxes. Since some are not completed taxes from those will carry over next year.
