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Alderman to set Melrose tax rate Monday

Posted November 13, 2009 10:42 AM

By Kathy McCabe, Globe Staff

The Board of Aldermen on Monday is expected to choose a new tax classification, which will be used to set the tax rate for the current fiscal year.

The board held a public hearing on the options last week, with a presentation from the Board of Assessors. Due to the absence of some aldermen, the board voted to delay choosing a new rate until tomorrow’s meeting.

The average value of a single-family home in Melrose is $395,000 and the average commercial property is valued at $473,000.

The board will meet at 7:45 p.m. in the aldermen’s chamber at City Hall.

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