Reading Selectmen Retain Single Tax Rate for Residential and Commercial Property

Chief assessor sees slight drop in “average” single-family home and commercial tax bills.

Reading will maintain a single tax rate for its residential and commercial property for fiscal 2013. That rate is $14.39 for each $1,000 of a property’s valuation, up from $14.15 in fiscal 2012. Yes, Reading’s tax rate will rise for fiscal 2013, but the average tax bill for a single-family house and a commercial property will dip, according to figures presented to the Board of Selectmen Tuesday by chief appraiser Vincent Santaniello. The average tax bill for a single-family home will decrease, according to Santaniello, from $6,290 to $6,220. The average commercial tax bill will drop from $22,121 to $21,698. The value of an average single-family home here has dropped from $444,500 to $432,300, according to Santaniello’s charts. That’s …

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