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How Do Waltham's Tax Rates Compare To Other Communities?

Waltham has one of the lower area tax rates.

How does Waltham’s property tax rates stack up against neighboring communities?

Well, Waltham’s rates are among the lowest residential rates when compared to other area communities, according to data from the state Department of Revenue.

The comparison comes after the residential tax rates by an average of $97.93 annually to an average total bill of $3,960.99. That’s up from the previous annual average bill of $3,854.18.

Specifically, the Council increased the residential rate from the current $13.09 per thousand of value to $13.35 per thousand of value, a 26-cent increase.

The council also increased the commercial property tax rate to $31.27 per thousand of value, up from $30.43, an 84-cent increase.

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

Newton

11.17

10.90

21.32

20.89

Watertown

14.40

13.92

26.64

25.87

Belmont

13.35

13.24

13.35

13.24

Waltham

13.35

13.09

31.27

30.43

Wayland

19.01

19.35

19.01

19.35

Weston

12.11

11.39

12.11

11.39

Marc Rudnick January 12, 2012 at 03:48 PM
This is a rather misleading piece. In 2003, Waltham had the 5th lowest residential tax rate among the 20 surrounding municipalities (including the 6 cited in the article). In 2012, Waltham has the 11th lowest among the 20 towns. Over the last 10 years, Waltham had the 4th highest residential tax rate growth among the same group of towns: Arlington, Bedford, Belmont, Boston, Brookline, Cambridge, Dedham, Lexington, Lincoln, Medford, Natick, Needham, Newton, Somerville, Waltham, Watertown, Wayland, Weston, Winchester, Woburn. We certainly had bragging rights ten years ago, but not today -- our residential tax rate is now above average for the region. A more complete analysis would necessarily compare property values, residential exemptions, quality of services, commercial tax rates, quality of schools, etc. But on the article's topic of residential tax rates, Waltham is no longer the legendary bargain it once was. data from Massachusetts Department of Revenue Tax Rate Approved Report
Ryan Grannan-Doll (Editor) January 12, 2012 at 04:18 PM
Hi Marc, I'm sorry you feel the story is misleading. You analysis is different from ours, therefore different results. Thank you for taking the time to do an analysis that compares prior years, it adds to the depth of the entire story.
Marc Rudnick January 12, 2012 at 06:23 PM
Ryan, even using your data, Waltham has the HIGHEST commercial rate, and is only average in residential, so I still think it's misleading to say Waltham's rates are among the lowest. Thanks for covering this story, and for the quick reply. Happy new year. =marc
Ryan Grannan-Doll (Editor) January 12, 2012 at 06:52 PM
I see your point now. I should have said among the lowest residential rates.

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