Many Framingahm homeowners received their first of four real estate tax bills for the Fiscal Year 2017, over the long Independence Day holiday weekend.
The average homeowner saw a minimum of a $100-plus increase in their property tax bill.
Selectmen unanimously voted last November to set the Fiscal Year 2017 residential tax rate at $17.38 per $1,000 of assessed value of your home; and the FY16 commercial and industrial tax rate at$37.98 per assessed value.
The fiscal year begins July 1. The tax bills are due August 1.
The tax rate for homeowners is lower than the previous fiscal year, but property values have increased, thus the increase in the overall tax bill.
Framingham’s Chief Assessors Will Naser, said in Novemember 2015, that the single family home property values increased, on average, by 4.5 percent.
The average single family home value increased from $334,074 to $349,000, said Naser.
The average single family tax bill is estimated at $6,066, said Naser.
Editor’s Note: In full transparency, I am a homeowner in Framingham.
Framingham Selectmen had set a goal to increase the average single family homewoner’s tax bill by less than $100. While this year’s increase is averaging more than $100, the 2-year increase is less than $150.