Natick Homeowners May Pony Up More in Taxes in FY14

Natick's Board of Selectmen will determine changes to town's residential tax levy on Nov. 18, when it is exptected to approve a tax hike for homeowners.

During the Nov. 4 Selectmen's meeting, Director of Assessment Jan D'Angelo said property values in Natick have increased 10 percent.

"Natick remains fortunate," she said. "We've had no massive foreclosures."

D'Angelo added property values have increased 10 percent over the last year.

Should the Board approve to keep a single tax rate, tax bills for single-family homeowners would increase by $242 in FY14 to $6,458. And even though the tax rate would drop 16 cents to $14.18 per $1,000 of the home's assessed value, the value of the average single-family home would rise about $22,000 in FY14 to $455,470.

But despite the numbers, Natick is still among the more attractive communities in the MetroWest, D'Angelo said, as the town had the third lowest tax rate for residential homeowners in 2013 (out of 18 communities).

The Board scheduled a tax classification hearing on Nov. 18 at 7 p.m. at Town Hall, where it will vote on keeping the single tax rate or change to a split rate. 

"If anyone hear, or anyone watching on TV or reading about this that wants to give input, we’re interested in hearing it," Vice Chair Joshua Ostroff said, adding he's not inclined to change the tax rate. 

Residents wanting to give input can do so by:

• Writting comments in advance and mailing them to the Board of Selectmen at 13 East Central St., Natick, MA 01760;
• Faxing them to 508-647-6401;
• Emailing selectmen@natickma.org.

D'Angelo will provide a PowerPoint presentation at the hearing so those in attendance can easily follow along.

, small commercial or residential exemption

6.

Preliminary Fiscal 2014 Tax Classification Hearing

Overview of process

Options available to board

Asking board to vote Nov 18 on residential factor

Board will determine changes to tax levy, small commercial or residential exemption

2013, completed review of comer/indust properties

pleased with process, satisfied with new values

properties reviewed all the time

steady increases oer last year

prop values increased 10 percent

Natick remains fortunate, no massive foreclosures

Combined commercial industrial personal property number (CIP)

54,812,600

small shift this year toward residential class, less ¼ of a percent

CIP 23.0277

85.0415

board can split rate or vote single rate

single 455470

single family tax bill 6,458.66

4335 before

5 percent increase

tax bill in 2013 6216.39, new one increase of app $242

personal prop: bills for people who run biz in Natick

avg single family home tax bills

Natick third lowest of surrounding 18 comm

One comm. Lower has split tax rate (Frmaingham)

17.84

39.98 (commercial split)

Ostroff

If anyone hear or watching or reading that want’ to give input, w’er interested in hearing it, we’ve had single rate, not inclinded to change it

While shift toward residential is small, it ahs perssitend seve years

May not be able to influence values to make attact comm. To live in

Hope to reverse trend

If share of pie does not keep toward residential

It does add up over time

If 75/25, I’d be glad for that

Glfoff

I can remember couple of years ago shift went the other way

Motion to schedule public hearing, Nov. 18

Unanimously approved