My assessment increased more than 2.5%. Doesn’t Proposition 2½ limit the amount my assessment can increase?
Proposition 2½ limits the amount of taxes a community can raise from property tax. The assessment is an estimate of market value. Since real estate market changes are based upon the buyers’ and sellers’ needs, there is no limit to the amount an assessment can increase or decrease.

Assessment changes are always based on the real estate market. For example, if a property sells for $500,000 in calendar year 2017, there is no limit or minimum price it would sell for in calendar year 2018 or beyond. It could sell for $600,000, $700,000, $1,000,000, or $400,000. The sale price would be based on the real estate market at that time. Assessments do not predict market value, they reflect (or report) market value.

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1. When is the filing deadline for Real Estate & Personal Property Abatement Applications?
2. What year sales does the Assessor use to determine the Assessed value of my property?
3. What does my assessment represent?
4. Once I receive an Elderly Exemption does it automatically renew or do I need to file a new application every year?
5. When is the filing deadline for Elderly Exemptions?
6. I am elderly and cannot afford this tax bill. Can’t the assessors lower this assessment because I am elderly?
7. I recently purchased my home. When will the tax bill be sent in my name?
8. My assessment increased more than 2.5%. Doesn’t Proposition 2½ limit the amount my assessment can increase?
9. What do the assessors look at when determining an assessment?
10. Why do the assessors want to see the interior and exterior of my property?
11. I am a young person who grew up in Framingham and cannot afford this tax bill. Why can’t the assessors lower this assessment because I cannot afford to live in Framingham?