The office of the East Longmeadow Board of Assessors has mailed an Income & Expense form to each commercial and industrial property owner specific to their real estate. The information requested is for income and expense relative to the operation of the real estate and not the business use of the real estate. Regardless if the property is leased or owner occupied, this form is required to be submitted. The completed form should be returned no later than May 10, 2017.
By completing and returning the enclosed form, you help ensure the development of a sound basis to estimate the income approach to value. Please be aware this information will be used only to determine “market” income and expense levels for commercial and industrial properties and apartments.
In accordance with Massachusetts General Laws, information provided on the Income and Expense form is not open to public inspection. (Ch. 59 Sec. 52B). Please note failure to submit the requested information may result in a penalty added to the ensuing fiscal year tax bill. (Ch. 59, Sec. 38D).
If you own a commercial, industrial, mixed use or apartment property and have not received your Income & Expense form, please contact the office for a duplicate form and cover letter at (413) 525-5400 extension 1600.
The forms are also on our Assessors webpage: Income & Expense Forms