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Valuations, Classification of Property & Tax Rates
Valuations
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For Fiscal Year |
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2002 |
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2001 |
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2000 |
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1999 |
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1998 |
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Real Property(2) …………………………… |
$ |
3,440,766,900 |
$ |
2,796,936,900 |
$ |
2,338,727,400 |
$ |
2,188,240,000 |
$ |
1,878,774,100 |
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Personal Property(2) ……………… |
50,477,790 |
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47,849,850 |
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45,107,450 |
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45,058,740 |
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38,392,960 |
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Total |
$ |
3,491,244,690 |
$ |
2,844,786,750 |
$ |
2,383,834,850 |
$ |
2,233,298,740 |
$ |
1,917,167,060 |
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Equalized Value(3) ……………….. |
$ |
2,605,524,400 |
$ |
2,605,524,400 |
$ |
2,182,974,100 |
$ |
2,182,974,100 |
$ |
2,091,570,400 |
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Percent of Total Assessed |
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to Equalized Valuation ………….. |
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134.0 |
% |
109.2 |
% |
109.2 |
% |
102.3 |
% |
91.7 |
% |
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(1) Source: Massachusetts Department of Revenue. |
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(2) As of January 1 of the prior fiscal year. |
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(3) The equalized valuations in effect for each year. |
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Tax Rates Per $1,000
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For Fiscal Year |
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Type of Property |
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2002 |
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2001 |
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2000 |
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1999 |
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1998 |
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Residential ………………………… |
$ |
11.36 |
$ |
13.27 |
$ |
14.83 |
$ |
15.09 |
$ |
16.78 |
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Open Space ………………………. |
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11.36 |
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13.27 |
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14.83 |
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15.09 |
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16.78 |
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Commercial ………………………. |
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15.29 |
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17.93 |
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20.14 |
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21.45 |
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24.45 |
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Industrial …………………………. |
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15.29 |
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17.93 |
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20.14 |
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21.45 |
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24.45 |
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Personal ………………………….. |
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15.29 |
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17.93 |
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20.14 |
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21.45 |
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24.45 |
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Average Tax Rate ……………….. |
$ |
11.76 |
$ |
13.79 |
$ |
15.49 |
$ |
15.89 |
$ |
17.85 |
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Full Value Tax Rate(2) ……………. |
$ |
15.76 |
$ |
15.06 |
$ |
16.92 |
$ |
16.26 |
$ |
16.36 |
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_______________ |
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(1) Source: Massachusetts Department of Revenue. |
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(2) Based on the equalized valuation in effect for each year. |
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