Politics & Government
How Does Newton's Tax Rate Compare?
The Department of Revenue releases the latest rates for CIP in Massachusetts. How do Newton's rates compare?
Tax rates have gone up a small amount since to last year, but how do they compare to some of the other towns and cities in Massachusetts? The Department of Revenue released tax statistics from towns all over the state recently, and Newton's rates seem fairly middle-of-the-road compared to some neighbors.
For more detailed information comparing the tax statistics for different Mass. towns, check out the Department of Revenue documents.
In November,. For the first time in six years, the board moved a small amount of the tax burden off local businesses, which will ultimately bring in more money for the city.
Find out what's happening in Newtonwith free, real-time updates from Patch.
With numbers based the city's median single-family property value of $680,500, the shift will cause single-family tax bills increased by $247, or 3.36 percent in fiscal 2012. Meanwhile, the median commercial tax bills increased by $1,046, or 6.9 percent.
, which was approved at a 174 percent, determines how much of the annual tax levy the commercial, personal, industrial and residential property owners are responsible for. Since 2005, the city has stuck with a 175 percent shift.
Find out what's happening in Newtonwith free, real-time updates from Patch.
Newton-Needham Chamber of Commerce President spoke briefly during the tax classification hearing in November, advocating for a tax shift that would benefit the local businesses.
"A small shift does have big consequences for those small businesses," Halpin said.
Some Peer Town Tax Rates
Rates are per $1,000 of valuation.
Community
Residential Rate
Residential Rate
Commercial and Industrial Rate
Commercial and Industrial Rate
2012
2011
2012
2011
Brookline
11.40
11.30
18.58
18.30
Lexington
14.97
14.40
28.45
27.28
Needham
10.95
10.90
21.50
21.50
Wayland
19.01
19.35
19.01
19.35
Watertown
14.40
13.92
26.64
25.87
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