Property values increased this year on Martha’s Vineyard, topping $20 billion in total assessed value, according to figures from the six towns and the Massachusetts Department of Revenue.
Property values increased this year on Martha’s Vineyard, topping $20 billion in total assessed value, according to figures from the six towns and the Massachusetts Department of Revenue.
Tax collectors on Martha’s Vineyard are busier than usual as taxpayers rush to prepay property taxes before the end of the year. The reason is the new federal tax regulations.
Tisbury and West Tisbury have both approved their tax rates for the year.
Edgartown selectmen Monday approved a single tax rate of $3.55 for every $1,000 worth of property, a seven cent decrease over last year’s rate.
Property tax bills went out, and while homeowners continue to pay less than those on the mainland, their tax burden will be heavier.
Facing an unexpected budget shortfall, Aquinnah town leaders will call a special town meeting early next month to decide how to balance the budget. Town officials have discovered a $101,564 deficit.