“Needham property tax rates to rise” plus 2 more |
- Needham property tax rates to rise
- Property taxes paid this week count on 2010 returns
- Property tax public forum set for Dec. 13
| Needham property tax rates to rise Posted: 29 Dec 2010 10:54 AM PST Needham property owners will see a rise in their property tax rate this coming year, according to Assistant Town Manager and Director of Finance David Davison. He said the average tax bill will be going up 4.6 percent. "There is a 3.5 percent change in the tax rate for residential property and a 4 percent change for the tax rate for commercial property," Davison said. "This in itself doesn't mean too much because the value of the property is just as important as the tax rate." The new tax rate is $10.90 per thousand dollars of valuation for residential properties and a commercial rate of $21.50 per thousand dollars of valuation. The current rates are $10.53 per thousand dollars of valuation for residential properties and $20.68 per thousand dollars of commercial valuations. Earlier in the month the Board of Selectmen voted to on how split the tax rate into different valuations for commercial and residential taxes. Essentially, the Board of Selectmen voted to see what percentage of the tax rate commercial property owners and residential property owners will pay. As a result of the vote, the commercial base will pay approximately 13 percent of the tax levy and the residential property base will pay approximately 87 percent of the tax levy – the same as last year. "What's happening is we look at the total valuation of property and determine what's the maximum tax levy that can be on commercial property and then that lets us know how much the town is allowed to shift on to the commercial base," Davison said. "Every year, the Selectmen have a conversation whether it's time to reduce that shift and this year, just as in past years, the answer is that this isn't the time." According to Davison, at one time the commercial property tax base was responsible for 24 percent to the total tax levy. "Even with this full shift, they're only contributing 13 percent," he said. "They have a long way to go before they're back to paying a level of taxes that they used to pay before." Davison said the shift away from relying on the commercial tax base occurred after a significant change in the demographics of the community and the deterioration in the commercial base in Needham and all throughout the Commonwealth. He said Needham's residential values have grown significantly more than the commercial base. "Part of the reason the commercial base has become less is not so much that they have declined as it is that the value of the residential property has appreciated by a greater percentage," he said. According to Davison, all communities are required to hold annual hearings on the tax rate before they submit requests for approval of tax rates. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Property taxes paid this week count on 2010 returns Posted: 28 Dec 2010 08:26 PM PST Franklin County property-tax bills are landing in people's mailboxes this week - not as early as in some years but still on time, Treasurer Ed Leonard said. Treasurers in some of the surrounding counties won't mail out tax bills until the first or second week of January. No matter when the tax bills are mailed, Franklin County property owners who want to claim them on this year's tax return can pay them this week in person or online. Last year, about 25,000 payments came in before year's end, Leonard said. Approximately 165,000 tax bills were mailed in Franklin County, which has 430,000 parcels, Leonard said. Some of the six neighboring counties also offer online service and all offer immediate, pay-at-the-counter service. Some years, Franklin County mailed the bills the week of Christmas. "We're not late sending out the tax bills," Leonard said. "We are meeting all the requirements." State law requires that tax bills be sent no later than 20 days before they are due. In Franklin County, the due date for the first-half payment is Jan. 20; the second half is due June 20. The county treasurer mails the bills and collects the money. The county auditor calculates the amount based on tax rates and property values. Some school districts, cities and other taxing bodies cover more than one county, so the auditors have to wait for one another to calculate tax rates. "There are a lot of moving parts," said Ed Laramee, deputy auditor of Fairfield County. Fairfield County plans to mail its tax bills the week of Jan. 10, but taxpayers can visit the county treasurer's website to view their bills and pay online. Or they can pay in person. Most county governments are closed Friday for New Year's Eve. However, in Union County, only the offices of the auditor and treasurer will be open so property owners can claim their taxes as a deduction for 2010, Treasurer Donna Rausch said. Union County's tax bills will be mailed the second week of January, she said, well ahead of the first-half due date of Feb. 16. Madison County also will mail bills the second week in January. Payment is due Feb. 15. Annually, about 3,000 property owners pay their taxes early to deduct them on the previous year's return, Treasurer William Stidham said. Pickaway County plans to mail tax bills the second week in January. People can pay early by going into the office or over the phone by credit card. "We probably have had close to 100 who have come in to pre-pay their taxes, preparing to go down south or out west" for the winter, Treasurer Ellery Elick said. Pickaway County hopes to join the counties offering online service later next year, he said. Licking County does not have online bill-paying, either. Tax bills will go out the second week in January and are due Feb. 23. People who want to pay early may go to the treasurer's office, Auditor J. Terry Evans said. Delaware County offers online service for paying early. Tax bills will be mailed early in January and are due Feb. 10. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Property tax public forum set for Dec. 13 Posted: 29 Dec 2010 10:59 AM PST Want to know how much you'll pay in city property taxes next year? Want to have something to say about it? Residents are invited to attend the city's 2011 budget and tax levy public hearing, which will be held within the City Council meeting scheduled for Monday, Dec. 13, at 7 p.m. City staff will discuss the city's operating budget and property tax information. Residents may ask questions and voice support or concerns. Based on budget requests, the city's 2011 tax levy has been set at $7,677,309 - about $29,000 above last year's levy. The levy will increase the tax rate to 46.712 percent. Monticello Finance Director Tom Kelly said a tax levy of $7,677,309 will allow the city to maintain services at the existing level and begin funding a stormwater-maintenance program at a cost of $39,172 and partially fund the downtown study at $80,000. The council must adopt its final property tax levy and get it certified by the county auditor no later than Dec. 29. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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