2024 Property Revaluation

reval

The Assessor in conjunction with Parker Appraisal Company of Falmouth will be revaluing all real property beginning in October of 2022 with an implementation date of April 1, 2024. The revaluation will involve the development of new property valuations by updating existing grading and pricing schedules. The property inventory update conducted in 2018 updated and/or verified existing property conditions.  The end goal is for assessments to be adjusted to reflect fair market value as of April 1, 2024. This creates equity and ensures a fair distribution of the tax burden for all property owners.

The Sales Review and Validation phase of the revaluation will begin January 23, 2023. During this phase appraisers from Parker Appraisal Company in conjunction with the Town Assessor will field review each property that sold beginning with April 1, 2021. Appraisers will review information on the property record card for data accuracy, will make notes regarding the property location, size, quality of construction, condition, and numerous other characteristics that may affect value. The goal is to gain a clear understanding of what sold, and for what price.

Due to the volume of sales, it is not possible to schedule appointments. Appraisers and the Town Assessor will have identification with them and names and photos of the appraisers and assessor are below. The appraiser’s license plates will be registered with the Cumberland Police Department.

Read the full 2024 Revaluation Notice here.

Read the Sales Review and Validation Notice here.

Frequently Asked Questions here. 

 

 

Revaluation team