Now that our Town Meeting is behind us, we are going to focus on everyone's favorite topic, Acton's property taxes.
I've prepared the attached chart to show the last 10 years and the next three projected years of our average single-family property tax bill.
The red bars represent the average home's value which runs between $400,000 and a bit over $500,000 (left-hand scale). The blue line at top is for the average single-family property tax bill, which ranges from about $6,000 per year in 2003 to over $10,000 per year in 2017 (see the scale on the right). On the bottom are the fiscal years 2003-2017. Data from 2003-2014 is from the Department of Revenue; 2015-2017 is from our recent Town Meeting warrant.
From 2003-2007, when the economy was doing well, both home value and property tax bill increased at about the same pace. But when our recession hit, property values declined or stagnated, but our property tax bills continued to rise....
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