Politics & Government
Natick Homeowners May Pony Up More in Taxes in FY14
Average single family residential bill may increase $242 in FY14 in Selectmen vote to maintain single tax rate.
Natick's Board of Selectmen will determine changes to town's residential tax levy on Nov. 18, when it is exptected to approve a tax hike for homeowners.
During the Nov. 4 Selectmen's meeting, Director of Assessment Jan D'Angelo said property values in Natick have increased 10 percent.
"Natick remains fortunate," she said. "We've had no massive foreclosures."
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D'Angelo added property values have increased 10 percent over the last year.
Should the Board approve to keep a single tax rate, tax bills for single-family homeowners would increase by $242 in FY14 to $6,458. And even though the tax rate would drop 16 cents to $14.18 per $1,000 of the home's assessed value, the value of the average single-family home would rise about $22,000 in FY14 to $455,470.
Find out what's happening in Natickwith free, real-time updates from Patch.
But despite the numbers, Natick is still among the more attractive communities in the MetroWest, D'Angelo said, as the town had the third lowest tax rate for residential homeowners in 2013 (out of 18 communities).
The Board scheduled a tax classification hearing on Nov. 18 at 7 p.m. at Town Hall, where it will vote on keeping the single tax rate or change to a split rate.
"If anyone hear, or anyone watching on TV or reading about this that wants to give input, we’re interested in hearing it," Vice Chair Joshua Ostroff said, adding he's not inclined to change the tax rate.
Residents wanting to give input can do so by:
- Writting comments in advance and mailing them to the Board of Selectmen at 13 East Central St., Natick, MA 01760;
- Faxing them to 508-647-6401;
- Emailing selectmen@natickma.org.
D'Angelo will provide a PowerPoint presentation at the hearing so those in attendance can easily follow along.
, small commercial or residential exemption
6.
Preliminary Fiscal 2014 Tax Classification Hearing
Overview of process
Options available to board
Asking board to vote Nov 18 on residential factor
Board will determine changes to tax levy, small commercial or residential exemption
2013, completed review of comer/indust properties
pleased with process, satisfied with new values
properties reviewed all the time
steady increases oer last year
prop values increased 10 percent
Natick remains fortunate, no massive foreclosures
Combined commercial industrial personal property number (CIP)
54,812,600
small shift this year toward residential class, less ¼ of a percent
CIP 23.0277
85.0415
board can split rate or vote single rate
single 455470
single family tax bill 6,458.66
4335 before
5 percent increase
tax bill in 2013 6216.39, new one increase of app $242
personal prop: bills for people who run biz in Natick
avg single family home tax bills
Natick third lowest of surrounding 18 comm
One comm. Lower has split tax rate (Frmaingham)
17.84
39.98 (commercial split)
Ostroff
If anyone hear or watching or reading that want’ to give input, w’er interested in hearing it, we’ve had single rate, not inclinded to change it
While shift toward residential is small, it ahs perssitend seve years
May not be able to influence values to make attact comm. To live in
Hope to reverse trend
If share of pie does not keep toward residential
It does add up over time
If 75/25, I’d be glad for that
Glfoff
I can remember couple of years ago shift went the other way
Motion to schedule public hearing, Nov. 18
Unanimously approved
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