Category Seller Information

Assessed Values & Calculating Property Taxes in Massachusetts

From time to time I see people complaining on social media about their assessed value and their property taxes. There are many misconceptions out there, and quite frankly too many to list in this post as it is long enough. The truth of the matter is the MA courts ruled in the case of Bettigole vs. Assessors of Springfield “all property in Massachusetts must be assessed at full value and that fractional assessments or assessments below 100% of full value, as well as non-uniform assessments were unconstitutional.” A later decision gave the Department of Revenue control over the enforcement of this, and the Department of Revenue allows a Assessed/Sale Ratio of +/- 10%.

If you’d like to know more, the following are two chapters of a book I have been working on...

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Chelmsford 2016 Market Review

As the busy Spring market is quickly approaching I thought I would be interesting to look at Chelmsford sales data both from an overall perspective as well as breaking it down by neighborhood to give potential buyers and sellers a better grasp of trends throughout the town.  For the neighborhood breakdown, I based it on this Chelmsford Neighborhood Map

For the third straight year Chelmsford has seen an increase in both the overall average and median sale price within the single family market in town with the number of sales increasing for the second straight year.  Low inventory levels and minimal distressed sales are two factors which have contributed to these trends.  Of the 345 single family sales in town in 2016 32...

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New Massachusetts Smoke Detector Regulations

smoke-alarm

Effective December 1, 2016, the Department of Fire Services will implement new regulations requiring owners of single or multi-family homes built prior to 1975 to replace expired and non-working smoke detectors with new ones equipped with a ten year sealed battery.  Compliance will be checked by Fire Departments when they conducting pre-transfer inspections.

It is important to check with your local building inspector and/or fire department for guidance as specific requirements on smoke detectors and carbon monoxide detectors vary based on when the home was constructed or last renovated. Additional information can also be found on the Public Safety Page of the state website. Department of Public Safety – Smoke Alarm Regulations

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