The town of Lenox Board of Assessors announces that they have received Preliminary Certification for the Fiscal 2018 property values. These proposed values are pending Final Certification by the Massachusetts Department of Revenue. This public disclosure is part of the Revaluation and Re-Certification of values that is required by State statute.
Values are calculated at "Full and Fair Cash Value" using sales data between 1/1/2015 and 12/31/2016. The valuation date for Fiscal Year 2018 is January 1, 2017. The Revaluation resulted in changes of 1% to 2% in value for most properties.
The Lenox Board of Assessors is an elected, three member board. A part-time administrative assessor serves the public from the Assessor’s Office at Town Hall. The office is frequented by taxpayers, appraisers, real estate agents and insurance representatives seeking information on properties and their assessed values. Real estate values are adjusted annually to reflect market activity. State laws require that assessed values remain current with the market.