Equalized Valuation (EQV) is the total taxable base for a Massachusetts municipality.
Equalized Valuation is proposed by local assessors and approved at the state level. It includes property in these categories:
A municipality with a higher equalized valuation can more easily raise taxes for public purposes, especially if its EQV per capita ratio is higher. A municipality cannot borrow more than 5% of its EQV. For example, if a town’s EQV is $10 billion, then it’s maximum debt is $500 million.
What increases a town’s EQV?
- New development
- Increasing demand for property in the town (which drives up land and asset prices)
Select a town and see how it’s EQV has changed over the last 15 years and how it’s EQV per capita compares with other municipalities.