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Assessments Decrease in Milford Revaluation

The Milford Board of Assessors has completed a state-required re-valuation of all Milford properties. The overall assessments have decreased in value.

A three-year revaluation of Milford properties will reflect a drop in market value.

This, according to a statement released this week by the Milford Board of Assessors. The required re-valuation is a snapshot of what Milford properties — commercial, industrial and residential — were worth as of Jan. 1, 2012.

The new values are based on sales in 2011, said Priscilla Hogan, Milford Assessor administrator, in a press release.

Public disclosure of the new valuations will be from 9 a.m. to 7 p.m. on Oct. 9, 10, 11 and 12, and Oct. 15, 16 and 17. Property owners may also go online at www.milford.ma.us to review the new values.

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