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Chief Assessor's Classification Hearing Report regarding the adoption of Tax Levy Percentages for FY16, including a minimum residential factor and a residential exemption.
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Honorable Board of Aldermen,
In the attachment, please find my FY 2016 Classification Hearing Report concerning assessed value changes, growth, classification percentages, projected levy, tax options and projected tax rates. I will be available at your November 24 hearing to present all information and answer any questions you may have.
You will also find in your City Hall mailbox, a color hard copy of the report.
Respectfully submitted,
Marc A. Levye, RMA, MAA
Chief Assessor - Chairman Somerville Board of Assessors