News
& Features
April 2005
Build
and be billed
Some to receive tax bill for new construction
At a Special Town Meeting on Nov. 20, 2003, the voters of Brookfield
passed legislation for “Supplemental Tax Assessment on New
Construction” (MGL Ch 59 § 2D). This legislation allows
the town to make a pro rata tax assessment on the value of certain
improvements to real estate made after the June 30th assessment
date. If there has been an increase in value of more that 50 percent,
a supplemental bill must be issued for the difference in taxable
value, prorated to the end of the Fiscal Year (which is June 30,
2004 for fiscal year 2004 and June 30, 2005 for fiscal year 2005).
This
is a one-time tax. If you receive a supplemental bill for FY04
you will not receive one in FY05 for the same property.
FY04 Supplemental Tax Bills will be going out on May 1, 2005 and
will be due on June 1, 2005. FY05 Supplemental Tax Bills will
go out sometime in August 2005.