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Tewksbury | BRIEFS

Property taxes going up

December 18, 2011
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The town recently established its tax rates for fiscal 2012, subject to approval by the state Department of Revenue. The residential rate was set at $14.93 per $1,000 valuation, up from $13.46 per $1,000 in fiscal 2011. The commercial rate was set at $25.05 per $1,000, up from $21.29, according to chief assessor Jay Kelley. He said about 6 percent of the rate increases is the result of the town’s decision this year to shift onto the tax rate 50 percent of the debt costs of its sewer expansion project completed last year. Based on the rates established, the owner of an average single-family home valued at $315,600 would pay $4,712 in taxes in fiscal 2012, or $552 more than the $4,160 the owner of an average home valued at $309,100 would have paid in fiscal 2011. Kelley noted that the average sewer bill is dropping significantly. The rates were set after selectmen in their recent annual tax classification hearing opted to continue the town’s policy of having a split tax rate, and determined how much of the residential tax burden to shift onto businesses. Under the shift adopted, businesses will pay 49 percent more than if there were a single rate. - John Laidler

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