A dozen stunned West Tisbury property owners crowded the normally quiet town assessors meeting this week to question their assessments and tax bills, which have more than doubled this year.
Town Appraiser Puts High Price on Land
West Tisbury Expert Takes the Stand in Protracted Graham Tax Hearing; Values Property at $64.5 Million
By IAN FEIN
An expert real estate appraiser hired by West Tisbury assessors last year estimated the total value of 235 acres owned by town resident William W. Graham at $64.5 million, significantly higher than the town's original assessments.
A property tax revolt is quietly brewing on Chappaquiddick, where a large group of landowners have banded together and hired an attorney to challenge their latest property assessments.
A high-priced real estate market coupled with changes in the way property assessments are calculated has fueled a sharp rise in the value of waterview and waterfront property in Edgartown this year.