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The Board of Assessors of the City of Lawrence wishes to announce that it has completed its state-mandated revaluation of all properties for Fiscal year 2020 subject to preliminary certification review by the Bureau of Local Assessment of the Massachusetts Department of Revenue (DOR). It should be noted that the BLA/DOR has not issued preliminary certification as of this date and that all assessed values are subject to change.
A five year revaluation of all taxable property was recently conducted in the City of Lawrence.
A statistical analysis of all sales transactions during calendar year 2018 was the basis for the revaluation of all property. Based on the revaluation results, the total taxable property valuation for the City of Lawrence is $4,840,282,483 an overall increase of 14.7% from last years total taxable valuation.
The average single family residential property assessment for FY2020 is $264,900, a 10.2% increase from the average single family assessment of $240,300 for FY2019.
Computer terminals and computerized printouts of all proposed values will be available in the Assessors Office, Room 103, City Hall 200 Common Street Lawrence, MA.
The public disclosure period will be in effect from Thursday, November 21, 2019 to Wednesday, November 27, 2019 (excluding Saturday and Sunday) between the hours of 8:30 a.m. and 4:30 p.m. Appeals may be made during the disclosure period.
The information will also be available on the following web site: www.cityoflawrence.com/fy20ppv
Final values are pending certification from the Department of Revenue.
For further information, comments or questions, please contact the Lawrence Board of Assessors Office at 978-620-3190.