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North Reading Tax Rate

Wednesday, November 28, 2012

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 …

In this Article:

Selectmen Recommend Higher Tax Rate in 2011 and Tax Bills Will Increase Next Year

Nick

2:10 pm on Friday, December 14, 2012

You are right, vote for no more over-rides!   more ›

Thursday, January 5, 2012

POLL: Do You Support a Split Tax Rate?

Do you prefer a split or single tax rate?

Tax bills are due Feb. 1. The tax rate this year was $14.38 per $1,000 in accessed value. The rate was $14 per $1,000 last year and $13.47 in the previous year. North Reading has a single tax rate, making residential and commercial tax rates the same. Selectman Mike Prisco does not agree with the single tax rate and would prefer that the town change to a split tax rate, which would require businesses to pay more than residents. According to Selectman Steve O'Leary, however, the most a split tax rate would save an average household is $477, but it would increase businesses taxes by approximately $6,600.  Raising business owners' taxes would prevent them from donating to town programs, and may even steer new businesses from opening in North …

In this Article:

Tax Bills Will Increase Next Year and How Does Your Community's Tax Rate Stack Up?

Billie

1:05 pm on Tuesday, January 10, 2012

Is the problem with the egg? I dont know the CIP rate or the amount terridyne pays for its parking lot, but I do know with the current situation my property taxes will double before I can say I have lived here for 14 years. Is there ever going to be a patch report that local taxes will decrease since the police department construction or the Batch construction loans have been paid off? As far as …   more ›

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