Report of the Board of Assessors
During calendar year 2007 the Board of Assessors and the Assessors’ Office staff conducted the Fiscal Year 2008 triennial revaluation of all real estate and personal property located in the Town of Randolph. On December 3rd, 2007 the Board of Assessors received final certification of assessed values from the Massachusetts Commissioner of Revenue. I would like to thank the Assessing Department staff for their hard work and dedication, which allowed us to successfully complete this year’s revaluation.
In calendar year 2007, the Town of Randolph saw a slight decrease in residential property values. The average home assessment dropped from $324,558 last year to this year’s average of $321,062. This was a decrease of approximately one percent from the previous year.
At the Tax Classification hearing held in December of 2007, the Board of Selectmen adopted the recommendation of the Board of Assessors to maintain the existing 175% tax classification shift. The shift adopted by the Selectmen resulted in a residential tax rate for Fiscal Year 2008 of $9.58 per thousand dollars of assessed value. The resulting commercial/industrial tax rate for FY2008 is $18.58 per thousand dollars of value.
Recent Tax Rate History
Residential Rate Commercial/Industrial Rate
Fiscal Year 2008 $ 9.58 $ 18.58
Fiscal Year 2007 $ 9.22 $ 17.85
Fiscal Year 2006 $ 9.85 $ 19.12
Appropriations
Fiscal Year 2007 Fiscal Year 2008
Total to be Raised $ 72,466,109.56 $ 76,768,844.79
Total Estimated Receipts $ 36,359,208.00 $ 39,266,211.00
Tax Levy $ 36,106,901.56 $ 37,502,633.79
The Board of Assessors granted the following exemptions in Fiscal Year 2007:
Exemption Description # Exemptions Granted Tax Dollars Exempted
Clause 18 Hardship 8 $ 1,725.00
Clause 22 (a-f) Disabled Veteran 186 $ 74,400.00
Clause 22A Disabled Veteran 1 $ 750.00
Clause 22B Disabled Veteran 1 $ 1,250.00
Clause 22C Disabled Veteran 1 $ 1,500.00
Clause 22D Surviving Spouse 2 $ 5,843.64
Clause 22E Disabled Veteran 38 $ 38,000.00
Clause 37A Blind Person 25 $ 12,500.00
Clause 41C Qualifying Senior Over 70 105 $ 52,500.00
Clause 41A Tax Deferral 12 $ 30,426.44
TOTALS 379 $ 218,895.08
Respectfully Submitted
Joseph W. Galvam, Chairman
James M. Hurley, Vice-Chairman
Richard Brown Jr., Principal Assessor
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