Provincetown Residential Exemption
As part of the Fiscal Year 2024 Tax Rate setting process, the Provincetown Select Board adopted a Residential Exemption as they have done for the last several years. This exemption will adjust the taxes of qualified, domiciled residents of Provincetown.
The mission of the Assessor's Office is to serve the taxpayers of Provincetown with professionalism, courtesy and accuracy. While the Department has a myriad of responsibilities, the most important is the valuation of all real and personal property in Provincetown. In accordance with State Law, values are updated annually to reflect full and fair value and are certified every five years by the Massachusetts Department of Revenue. In addition to valuation, the Assessor's office is also responsible for processing personal exemptions, Scale calculations, property transfers, permit and cyclical property reviews, mailing address changes, preparation of abutter's lists, motor vehicle and boat excise abatement processing among other responsibilities.
FY 2024 Tax Billing and the Residential Exemption
Residents who have previously qualified for a Residential Exemption will see the exemption applied to the 1st half (fall 2023) tax bill. The first half tax bill, due November 1, 2023 is an actual tax bill, and will have a new tax rate and a new Assessed Value. Adoption of a Residential Exemption must be voted on annually by the Select Board. The Select Board voted to adopt a Residential Exemption on August 28, 2023. Recipients of the Exemption in FY 2023 will automatically qualify for FY 2024 provided that your qualifying information is the same. If you are a domiciled resident but are not currently receiving the Residential Exemption, you may file an application between April 4, 2023 and August 15, 2023 to have your exemption applied to the Fiscal Year 2024 1st half tax bill. The last day to file your application is April 1, 2024. Please provide all the information requested to ensure application approval.
FY 2024 Values Announced
The Town of Provincetown Board of Assessors has completed the Assessed Value Certification of all Real Estate and Personal Property for Fiscal Year 2024. On August 17th, 2023, the Massachusetts Department of Revenue- Bureau of Local Assessments approved the FY 24 Real and Personal Property values in the Town of Provincetown.
On August 30th, 2023, the Massachusetts Department of Revenue- Bureau of Accounts approved the FY 24 Residential Tax Rate of $5.58 per thousand dollars of assessed value and the FY 24 Commercial, Industrial and Personal Property rates of $5.21 per thousand dollars of assessed value. This represents a decrease of .40 per thousand for the Residential tax rate and a decrease of .49 per thousand for the Commercial, Industrial and Personal Property tax rates.