Melrose releases preliminary FY2027 property values

The Town of Melrose announced Oct. 16 that the Board of Assessors has completed the state-required revaluation of all property for fiscal year 2027 and received preliminary certification from the Massachusetts Department of Revenue. The assessments reflect the full and fair market value of all property classes as of Jan. 1, 2026.

Property owners can review their preliminary FY2027 assessments during a public disclosure period running from Monday, Oct. 19, through Friday, Oct. 23.

Valuations can be reviewed online through the Assessors' website, by clicking "Public Disclosure Values Fiscal 2027." Residents may also visit the Assessors' Office in person at Melrose City Hall, 562 Main St., 1st floor, or view a listing at the Melrose Public Library and the Milano Senior Center during the same Oct. 19-23 window. Residents can also call the Assessors' Office at (781) 979-4104 to speak with staff or schedule an appointment, or email the assessor with questions or to request a property record card.

Office hours are Monday through Thursday, 8:30 a.m. to 4 p.m., and Friday, 8:30 a.m. to 12:30 p.m.

The town is urging residents to review their preliminary values and to contact the Assessors' office during the disclosure window with questions or if they believe an adjustment is needed.

Market conditions have affected property types differently in the proposed FY2027 values. Proposed changes include single-family homes up 5.8%, residential condos up 3.6%, two-family homes up 3.8%, three-family homes up 8.3%, apartments up 12.5%, commercial property up 3.2% and industrial property up 8.8%. These figures represent overall market trends by property type and do not necessarily reflect the change to any individual property's assessed value, which can vary based on market activity, property characteristics, location and other factors.

Source: Town of Melrose announcement, October 15, 2026.