Update of Commercial/Industrial Property Values Begins in Haverhill

The Board of Assessors in the City of Haverhill has announced that the revaluation of all Commercial/Industrial Property for assessment purposes has begun.

Patriot Properties, Inc., of Lynn, MA was hired to assist the Haverhill Board of Assessors with the start of the revaluation. Data collectors from the firm will begin the measuring and interior inspection of Commercial/Industrial property in various neighborhoods of the city over the next several months. The company’s data collectors will have proper photo identification and full cooperation from the residents of Haverhill is requested by the Board of Assessors.

The property values will be based on an extensive analysis of the real estate sales that have taken place in 2008. The revaluation program was mandated by the Department of Revenue for the Fiscal Year 2010, which begins on July 1, 2009. The new values will be as of January 1, 2009. The entire program should be finalized by 2009 and periodic articles will appear in the newspaper and on the city’s website with information about the progress of the project.