Coldwell Banker Realty - Sudbury
Vera Oliveira, Coldwell Banker Realty - SudburyPhone: (617) 620-5658
Email: [email protected]

Supplemental tax bill: Understanding the basics

by Vera Oliveira 08/08/2022

If your property has increased or decreased in assessed value since your last tax payment, you might receive a supplemental tax bill. These are separate tax bills you need to pay in addition to your regular annual bill. If you're interested in learning more about how supplemental tax bills work, here is a short guide to the basics:

Supplemental tax bills may reflect changes to your property

Supplemental tax bills are usually the result of a supplemental assessment of your property's value. Supplemental assessments happen when you complete new construction or major rehabilitation to a home. Supplemental assessments also take place when a property changes ownership.

Supplemental tax bills can have different due dates

Supplemental tax bills are separate from your normal property tax bills. Therefore, they can arrive at any time of year regardless of your annual tax due date. It's important to take care of these payments as soon as possible to prevent issues.

Supplemental tax bills can be negative

Negative supplemental tax bills are the result of a new assessment being lower than the previous. If you receive a negative tax bill, you'll also receive a reimbursement check. The amount of the refund check will depend on the difference between assessments. Conveniently, most municipalities allow you to apply the refund amount to any other outstanding tax bill, potentially saving you thousands.

Are you planning any major construction or updates to your home? If so, you can likely expect a supplemental assessment for the changes. Keep this basic info in mind for a better understanding of your supplemental tax bill.

About the Author
Author

Vera Oliveira

I am focused, self motivated, dream big and am committed to act in the best interest of my clients!

  

As an incredibly driven and self-motivated Realtor®, my utmost passion lies in serving your best interests and guiding you through one of life's most significant decisions. With a deep understanding of the importance of a comfortable and nurturing home environment, I strive to help families create lasting memories in their ideal living spaces. My clients are my top priority, and I am committed to providing a seamless, stress-free experience from start to closing.
Originally from Rio de Janeiro, Brazil, I have called Massachusetts home since 1988, immersing myself in the region's rich natural beauty and historical heritage. Over the years, I have cultivated strong relationships within the community and acquired an intimate knowledge of the local residential markets. This unique combination enables me to offer invaluable insights and act as a dependable resource, skillfully matching clients with properties that perfectly suit their needs.
With over 22 years of experience in real estate and a background of 30 years in sales, I bring a wealth of expertise to the table. I approach each transaction with meticulous attention to detail, taking the time to listen and truly understand my clients' goals. By employing a contemporary marketing approach, leveraging strong negotiation skills, and maintaining constant communication, I provide a high-end service that ensures buyers find their dream homes within their budgets and sellers effectively market their properties for optimal returns. Witnessing the overwhelming joy of clients at a successful closing is immensely rewarding to me.
My dedication to personalized service and strict adherence to confidentiality are the cornerstones of my professional competency. Whether you are a first-time homebuyer or a seasoned seller, my warm and caring approach makes me the perfect agent to guide you through the process. As a testament to my track record of results, I have proudly achieved recognition as an award-winning Realtor, ranking among the top producers year after year.
Beyond real estate, I have a profound love for travel, enjoy golfing and participating in fitness classes. I am actively involved in volunteering with organizations such as "We all Volunteer", JFS, and I passionately support the life-saving work of St. Jude's Children's Research Hospital. Additionally, I nurture a deep interest in studying architectural characteristics during my travels.
It brings me tremendous joy to know that I am positively impacting people's lives through the life-changing decision of homeownership. Whether you are seeking to buy or sell your home, I am genuinely thrilled and honored to guide you along the journey and contribute to your success story.