City Of Woburn: FY 2022 Board Of Assessors Tax Classification

Press release from the City of Woburn:

November 24, 2021

At the Tax Classification Hearing on Tuesday, November 23, 2021, the City Council voted a Fiscal Year 2022 residential factor of 0.717901. By the City Council voting to shift the residential factor to less than 1, a portion of the tax levy shifts from residential properties to commercial, industrial and personal property taxpayers. This residential factor is based on a State mandated maximum tax levy shift of 175% on the Commercial, Industrial and Personal Property classes of property. The revaluation of all property within the City and the selection of a residential factor of 0.717901 by the City Council resulted in the following:

Click the link to view the FY 2022 Board of Assessors Tax Classification Packet

This press release was produced by the City of Woburn. The views expressed here are the author’s own.