Tuesday, November 27, 2012
Partially because of the new high school, the average taxpayer will see an increase of about $413 on their tax bill in the upcoming year.
Construction hasn’t yet begun on the new Wilmington High School, but the financial impact of the project will be seen for the first time in 2013. During Monday’s Board of Selectmen meeting, Principal Assessor Skip Moynihan said that taxpayers will see a slight increase in this year’s tax rate mostly due to the approval of the new high school. Based on Moynihan’s recommendation, selectmen supported the classification shift of 1.75 this year, the same as it has been shifted since 2008. By doing so, the impact on residents will be minimized, Moynihan said. Moynihan estimated that the Wilmington residential tax rate will be $13.61 per $1,000 of assessed value while the commercial rate will be $32.08 per $1,000. In 2012, the Wilmington tax rate…
Friday, January 6, 2012
Comparing how tax rates stack up in Merrimack Valley.
Tax rates across the Merrimack Valley fluctuate from the lowest tax rate of $11.90 in Wakefield, to the highest of $18.55 in Acton. The average residential tax rate based on the chart below is $14.65. The data compiled below was taken from the certified tax rates on the Department of Revenue's Website. The information was compiled using data courtesy the Department of Revenue, last updated on 12/11/11.
Tuesday, November 29, 2011
Local share of tax rate will be $12.14
Following a meeting Monday night with the Board of Selectmen, Principal Assessor Skip Moynihan said residents now have an idea what the increase on the annual tax rate will be. Moynihan recommended a classification shift of 1.75 that was accepted by board members. As a result, the expected commercial tax rate for 2012 will be $28.64 and the residential share will be $12.14. Last year, the tax rate was set at $11.88 for resdients and $28.10 for commerical locations. As a result, last year's increase was $125. According to Moynihan, the average home in Wilmington is valued at $357,745, meaning the average homeowner in town will see an increase of about $101 on this year’s tax bill. To put the increase in perspective, Moynihan compared …