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The Commonwealth of MassachusettsState Tax Form 128 Revised 11/2016Assessors Use only Date ReceivedWatertownApplication No. Name of City or TownAPPLICATION FOR ABATEMENT OREAL PROPERTY TAX PERSONAL
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How to fill out applicants opinion of value

01
To fill out applicants opinion of value, follow these steps:
02
Start by gathering all necessary information and documents related to the property you are evaluating.
03
Begin by providing basic details of the property, such as the address, size, and any unique features.
04
Evaluate the condition of the property, including its age, maintenance history, and any renovations done.
05
Research recent comparable sales in the area to determine the market value of the property.
06
Take into account any positive or negative factors that may affect the value, such as location, amenities, or potential issues.
07
Consider any applicable zoning or regulatory factors that could impact the property's value.
08
Provide an overall opinion of the property's value, supported by the data and research conducted.
09
Include any additional comments or observations that may be relevant to the evaluation.
10
Double-check all information and calculations for accuracy before submitting the opinion of value form.

Who needs applicants opinion of value?

01
Applicants opinion of value is needed by various individuals or entities involved in real estate transactions, including:
02
- Homebuyers or sellers: They use the opinion of value to make informed decisions about the sale or purchase of a property.
03
- Lenders: They rely on the opinion of value to determine the loan amount they can provide for a property.
04
- Real estate agents: They may use the opinion of value to advise clients on pricing strategies or negotiations.
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- Appraisers: They may refer to the opinion of value as a reference or comparison for their own appraisal process.
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- Insurance companies: They use the opinion of value to calculate insurance coverage for a property.
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- Investors: They consider the opinion of value to assess potential returns or risks associated with a property.
08
- Government agencies: They may require the opinion of value for tax assessments or regulatory purposes.
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- Legal professionals: The opinion of value can be used as evidence or support in legal proceedings related to property values.
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Applicant's opinion of value refers to the estimated value of a property as determined by the applicant.
The property owner or applicant is required to file the applicant's opinion of value.
To fill out the applicant's opinion of value, the applicant must provide their estimated value of the property based on their knowledge and research.
The purpose of the applicant's opinion of value is to assist in determining the property's assessed value for tax purposes.
The applicant must report their estimated value of the property, the rationale behind their estimate, and any supporting documentation.
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