Watertown Residents to See Property Taxes Rise 4.5 Percent
The Town Council approved a tax increase for Fiscal 2013, but will give owner-occupied homes a break.
Watertown residents will see their property taxes rise by 4.5 percent, on average, after the Town Council approved the tax rates for Fiscal 2013 on Tuesday night. The average assessed home is worth $420,841 and the tax on that home will rise $212 next year for an owner-occupied home, said Francis Golden, chairman of the Watertown Board of Assessors. The rate will be $14.68 per $1,000 of assessed value. A non-owner occupied home of the same value will have a $266 increase on its tax bill. The CIP (commercial, industrial and personal property) rate will be 27.15 per $1,000 of assessed value, Golden said, a 3.44 percent increase, or an increase of $1,434 on the average bill. The increase would be more if the Town Council did not also approve …
Gary M
1:08 pm on Thursday, December 6, 2012
"Harvard doesn't sell local real estate, it acquires it." Amazing, Harvard just sold the Arsenal. Who knew? more ›