At the selectmen meeting this week the Assessors reported that they are submitting a tax rate of $16.04 to the Dept. of Revenue, for its required approval as the town’s FY 15 tax rate. Last year the tax rate was $16.12.
Selectmen approved a unitary tax rate, which means the same rate for all property, rather than a higher rate for non-residential properties which results in only modest savings to homeowners but high impact on non-residential property – so great as to discourage such uses. After voting the unitary tax rate the selectmen electronically transmitted the proposed tax rate data to the Dept. of Revenue for its certification.
The selectmen also received the unfortunate news that Medfield Assessor for over 25 years, Stan Bergeron, will be retiring come March. Stan is a major reason why the Assessor’s office functions so well, and will be hard to replace.
This from the DOR DLS e-newsletter today –
By the Numbers
In order to provide an update on the progress of the ongoing tax rate and certification season, below please find an overview of the ongoing process. The following information is accurate as of close of business on Tuesday, November 18th, 2014:
Preliminary Certifications: 82 Communities Approved (97 Submitted)
Final Certification: 48 Communities
La4/ New Growth: 214 Approved (271 Submitted)
Tax Rates: 80 Approved
Balance Sheets: 225 Approved
Aggregate Free Cash Approved Total: $833,725,918
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