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Worcester has a split tax rate between residential and commercial properties. For fiscal 2024, the tax rate was set at $13.75 per $1,000 of assessed value for residential property and $30.04 for ...
Petty proposed a comprise that decreased the commercial tax rate by $5.57 and raised the residential tax rate ¢92 per $1000 of assessed value. This tax reform, which passed on a 6–5 vote, was the subject of controversy, for it came in the wake of a revelation that annual property revaluations would lead to significantly higher commercial tax ...
Proposition 2½ (Mass. Gen. L. c. 59, § 21C) is a Massachusetts statute that limits property tax assessments and, secondarily, automobile excise tax levies by Massachusetts municipalities. The name of the initiative refers to the 2.5% ceiling on total property taxes annually as well as the 2.5% limit on property tax increases.
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Worcester (/ ˈ w ʊ s t ər / ⓘ WUUST-ər, locally ⓘ) [4] is the second-most populous city in the U.S. state of Massachusetts and the 114th most populous city in the United States. [a] [5] Named after Worcester, England, the city had 206,518 people at the 2020 census, [6] also making it the second-most populous city in New England, after Boston, Massachusetts.
Dual tax rate gets annual assessment. For premium support please call: 800-290-4726 more ways to reach us
The value of taxable property is determined by the town Board of Assessors. [21] In 2023, the tax rate was $14.30 for one thousand dollars of valuation. Although the tax rate consistently decreased from 2016 to 2023, average bills have increased due to changes in valuation. [22]
Allowing property owners to build self-contained apartments on their lots is part of the state housing strategy, but is controversial in Worcester. ... Healey's proposed bill the Affordable Homes ...