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Melrose | BRIEFS

Slight increase in tax bills

December 4, 2011
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Property tax bills are going up again for homeowners and commercial property owners, but the hike is the lowest percentage increase since 2000. On the average single-family home, valued at $399,168, the bill will climb 2.78 percent, or $137.99, to $5,093.38, compared with last year. The average commercial/industrial property, valued at $476,629, will rise 2.9 percent, or by $262.58, to $9,284.73, according to the assessor’s office. The increase reflects a new tax rate set recently by the Board of Aldermen for fiscal 2012, which started on July 1. The new residential tax rate is $12.76 per $1,000 of value, and the commercial/industrial tax rate is $19.48 per $1,000 valuation. The new rates will be reflected in tax bills issued to property owners in January and April, said Don Dragt, the city’s chief assessor. - Kathy McCabe

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