Concord, MA Real Estate Taxes Explained

My home’s assessed value is $750,000, is that what it is worth if I want to sell today? Welcome to understanding the Concord, MA taxes. This is a question that I have received daily over my 20-year real estate career. I always knew that the Concord assessed value was relevant, but I did not understand it fully. That was until I decided to submit my Green Card to join the Concord Board of Assessors.  I just completed a five-year term, with the last three years serving as the Chairman.  What I learned is that there are roughly 6,900 parcels in Concord. And your assessed value is determined based on open market real estate sales that were transferred two years prior. What does that mean? I’ll explain. Why do you use sales from 2 years ago?  The answer is the Town’s Levy (public domain for budget) is funded by taxes raised … Continued

The post Concord, MA Real Estate Taxes Explained appeared first on FastExpert.

You can contact us to get more choices