Natick Tax Rate Lowered, Average Payment Increased

NATICK, MA — The average homeowner in Natick will see an increase in property taxes this fiscal year, even though the tax rate is dropping. In FY2019, homeowners will pay $12.71 per $1,000 in value of a home, a drop of 34 cents from the year before.

Since property values are skyrocketing, however, the average homeowner will see an increased payment of $344. The average assessed home in Natick has risen from $570,732 in FY2018 to $613,133 in FY2019. Director of Assessing Jan Dangelo said the property value increase is explained by Natick's desirability.

"The market here in Natick is active and other surrounding similar communities have seen this also," said Dangelo. "Natick is located well and is well managed. The school system is also very good. In other words, it's just an overall, nice community with a fairly low tax rate compared to our surrounding communities."

See more on Patch: Natick Tax Rate To Dip Slightly, But Bill Will 'Look Higher'

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At the same time, Natick's Board of Selectmen want to keep the town business friendly, which is why they went with a single rate tax. One resident said a split tax could shift about $7 million of the burden to industry and business, meaning the average homeowner would pay $600 less rather than $344 more, the Wicked Local report says.

Selectmen voted 5-0 in favor of maintaining the single rate tax system at the classification hearing on Tuesday, Nov. 13.

See the Wicked Local report here.

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