Friday, December 7, 2012
The Braintree Town Council approved the 2013 rates this week.
Tuesday night, the Braintree Town Council voted to endorse raising both the residential and commercial/industrial property tax rates. According to the Boston Business Journal, Braintree's residential rate stacks up pretty well against some of its neighbors, in part due to its significant shift of the levy onto business properties. The average residential bill will increase $80 next year under the approved change, depending on fluctuations in property value. Braintree's residential rate, will go from $10.45 per thousand this year to $11.11. Braintree's commercial/industrial tax rate will increase from $23.65 to $25.45. The average projected increase will be $3,672, resulting in an average bill of $44,317. Increases for 2013 fiscal year for…
Wednesday, December 5, 2012
The average residential bill will increase $80 next year, depending on fluctuations in property value.
Braintree's tax rates will increase next year to $11.11 per thousand for residential property and $25.45 for commercial/industrial under a proposal approved Tuesday night by the Town Council. A tax classification shift, which since 1986 has extracted extra value from business properties in Braintree, will save residential owners more than $3 per $1,000 of property value in fiscal year 2013. Councilors voted unanimously in favor of the tax plan, put forward by the Mayor's Office and the Board of Assessors. The average residential bill will increase $80 next year, depending on fluctuations in property value. For commercial and industrial properties, the average increase will be $3,672. Though he was among those who voted for the proposal, …
Tuesday, December 4, 2012
The Braintree Town Council will take up the FY2013 tax levy at its meeting Tuesday night.
Since 1986, Braintree has shifted a portion of its tax levy from residential properties to business, saving homeowners money while extracting extra value from its growing commercial base. That shift will save residential owners in Braintree more than $3 per $1,000 of property value in fiscal year 2013 if the Town Council on Tuesday approves a proposal from the Mayor and Board of Assessors. The average residential bill will increase $80 next year under the proposal, depending on fluctuations in property value. Braintree's residential rate, one of the lowest in the area, will go from $10.45 per thousand this year to $11.11 per thousand in 2013. Without the tax classification shift, the rate would hit $14.47 per thousand. Last year, …
Wednesday, December 7, 2011
The Town Council approved 2012 property taxes on Tuesday, raising home bills less than max.
The Town Council on Tuesday night unanimously approved a property tax plan for fiscal year 2012 that raises Braintree's levy less than the 2.5 percent allowed by law, but still presents an average increase for homeowners of $134.70. Under the plan, which includes a measure to shift the tax burden somewhat away from residents to businesses, the average residential tax bill will go up 3.87 percent. That number is higher than the 1.32 percent overall levy increase because home prices have gone up slightly in Braintree while commercial and industrial property values have taken a hit. "We are one of the fortunate few," Mayor Joseph Sullivan said of the residential value increase, the first in several years. "It puts us, I think, in the right …
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abdul
9:22 am on Friday, December 7, 2012
Good info more ›