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 …
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Those living in the homes they own get a 20 percent discount on their property taxes, and Francis Golden said he is committed to make sure there is no abuse of the system.
If you are getting the residential discount on Watertown property taxes but do not live there, beware – town officials are out to find you and make sure you pay the full bill. Francis Golden, the chairman of Watertown Board of Assesors, told the Town Council this week, that he is committed to make sure that people getting the residential exemption – a 20 percent discount – live in the home or condo which they own. Watertown's 2012 property tax rate is $14.40 per $1,000 of assessed value, which means the bill on the average home (assessed at $410,554), would be $4,730 with the 20 percent discount, and $5,912 without. Sometimes people rent out their property, but live in another community, Golden said. "I love catching people trying to …
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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 ›