Hi Alycia,
I believe you are referring to the property Assessment value. The way it works here, the Assessment values run about 1 to 2 years 'Behind' the market due to the way the fiscal year works in addition to the city needing to have the values certified by the State of MA. The only shot you have of getting an abatement (or re-valuation) is if SIMILAR Properties are assessed at a significantly Lower value than yours. (If they are all assessed the same as yours, you don't have a chance). You can find out by going to AppraisalVision.com and click through MA to Leominster. All the values in town are there.
Probably not the answer you wanted to hear, but that's how it is. - Sun Apr 5, 2009