Tax Assessor's FAQPhone #: 693-7842 1. What is the mill rate? Currently, the mill rate is $28.91 per $1,000 of assessment. The mill rate is adjusted annually based on the financial needs of the Town. 2. What is the assessment date? The assessment date is October 1 of each year. 3. When did the Town perform its last revaluation? The last revaluation was effective October 1, 2003. 4. When is the Town’s next revaluation? The next revaluation will be in 2008. The Town will revalue property once every 5 years starting October 1, 2003. 5. At what rate are properties assessed? Properties are assessed at 70% of their fair market value as of the last revaluation. 6. Is sales information available on homes? Yes, sales books are available and are organized by style of home. 7. Is assessment information available on line? Yes, at www.cantonassessor.com. 8. Are motor vehicles taxed? Yes, the assessment is equal to 70% of the vehicle’s market value as reported by N.A.D.A. on October 1 of each year. 9. Are there tax benefits for the elderly? Homeowners – The Town administers a state-sponsored program for tax relief for elderly or totally disabled homeowners. Benefits are determined based on an individual’s income. Currently benefits are available to individuals whose income from all sources is less than $28,800 and married couples with income less than $35,300. The filing period for the benefits is February 1 – May 15 of each year. Renters – The Town administers a state-sponsored program for elderly or totally disabled renters. Benefits are determined based on an individual’s income and expenses for rent and utilities. Currently benefits are available to individuals whose income from all sources is less than $28,800 and married couples with income less than $35,300. The filing period for those benefits is May 15 – September 15 of each year. 10. Are there any tax benefits for veterans? A veteran’s benefit is available for individuals who served during a wartime period. To qualify the veteran needs to have his DD214 on file with the Town Clerk and have served during a prescribed time. These dates are available from the Assessor’s Office. The basic benefit is a reduction of $1,500 off one’s assessment. |