North Reading Tax Bills to Increase in 2013
Find out how much your tax bill will increase next year.
If approved by the Department of Revenue, taxes will go up to $16.04 per thousand, which is quite an increase over last year's rate of $14.38 per thousand. The town will get confirmation on the rate from the Department of Revenue in December.
The average single family home value in North Reading is $452,400, Assessor Debbie Carbone said. The new tax bill for a home of that value will be approximately $7,256.
Taxes have increased over the last several years. Last year, the tax rate was $14.38 per thousand and $14 in the previous year. However, a large increase was expected for 2013 due to the school building project.
Members of the Board of Selectmen agree that a single tax rate is fair for the town going forward, so North Reading will maintain a single tax rate.
Tax bills are due Feb. 1.