Monday, September 20, 2004

Taxes & the Sox

It's true...some things are inevitable...Taxes and the teasing Red Sox are two of them.
First the Taxes:
A recent article in “City and Town” a publication of the Department of Revenue lists some fascinating facts about assessed values and tax rates in Massachusetts' communities. The camparisons use "fiscal year" information from the largest residential category, the single family home. Below is a chart comparing the average tax rate, assessed value and tax bill over the past ten years.

AVERAGE SINGLE FAMILY ASSESSED VALUE & TAX BILL
FY Avg Tax rate Avg Assessed Val Avg Tax Bill
1995 14.21 $153,572 $2,182
1996 14.55 $156,159 $2,272
1997 14.76 $159,838 $2,359
1998 14.92 $165,050 $2,463
1999 14.73 $173,576 $2,557
2000 14.48 $185,009 $2,679
2001 13.67 $206,789 $2,827
2002 12.76 $236,229 $3,015
2003 12.03 $266,350 $3,205
2004 11.10 $307,417 $3,413

A quick analysis shows that the average statewide "assessed value" doubled in the past decade($153,572 to $307,417) and the average statewide "tax rate" has decreased in recent years as the assessed value has grown. The current year's 15.4% increase was the largest single year increase in the past ten years.
A future blog entry will list some specific information regarding assessed values and average tax bills in FY04 for the ten communities in the Middlesex North District as supplied by "City and Town".
Now "How about them Sox"! I think Pedro needs to cut his hair. He looked better and pitched better before. I am 53 years old. I was about 5 when I became cognizant of the baseball world around me. That means 48 years of waiting. Well as they say there is always next...weekend. Go Sox!

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