Canton phase-in (starting 2024)

At a special town meeting on April 18, 2024, a vote was held to approve a four-year phase-in of the 2023 revaluation of all real property.

The phase-in takes place over the next four fiscal years, beginning in July 2024. Fiscal year end 2025 will be the first year of this four year process.

• Click here for more detailed information about the town meeting.
• Click here for a PowerPoint slideshow that provides a detailed explanation of the entire process.
• Click here to access the Town of Canton's tax collector lookup site.

If you are entering a listing that is within a town currently undergoing a phase-in, you must enter the phase-in tax and assessment amounts from the current tax bill in their respective fields:

Use the following steps to manually calculate your phase-in amount:

1. Subtract the old assessment from the new assessment to calculate the difference:
   Ex: $300,000 - $200,000 = $100,000
    
2. Divide the difference by the number of years of the phase-in (4) to get the Phased-In Amount:
   Ex: $100,000 / 4 = $25,000
    
3. Add the phased-in amount to your current assessment to calculate the New Assessment Amount:
   Ex: $25,000 + $200,000 = $225,000
    
4. Repeat step 3 for each year of the phase-in to calculate that year's new assessment amount.

Based on the example above, the phase-in assessments by year are:

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  •  
    • Year 1 = $225,000
    • Year 2 = $250,000
    • Year 3 = $275,000
    • Year 4 = $300,000

This formula applies for all 4 years of the phase-in (unless there are changes made to the property).