2011 Annual Report - Town of Northborough

Assessing
Division
The mission of the Assessing Division is to serve the
public interest and assure financial stability by exhibiting
the highest level of competence and professionalism. To
this end, the Assessing Division pledges our effort toward
the accomplishment of these five critical objectives:
1. Timely tax billing
2. Tax equity whereby each taxpayer pays only their fair
share of the tax burden
3. Maximize tax base growth revenue
4. Administration of the real estate, personal proper and
motor vehicle excise system through prompt, courteous,
honest and thorough public service
5. Enhancement of public awareness of both legislative
changes in tax laws and relief programs for local taxpayers
The Town currently has 6,295 taxable accounts, of which
4,008 are single-family residences. Various new development
projects have provided a significant $81.4 million of
new growth valuation and our total Assessed Valuation for
taxable properties for FY2012 was certified at $2.48 billion;
an increase of $50.6 million from the previous year. Our tax
base is diverse, with the ten largest taxpayers accounting
for 10.99% of total assessed valuation. Property tax collections
remain strong with an average of 99.5% collected in
the year of the tax levy.
Valuation by Classification
Top Ten Taxpayers in Fiscal Year 2012
FY2012 Valuation by Classification
18