FRAMINGHAM – Selectmen voted tonight, November 28, to set the tax rate, as required by law. It was the last time the Framingham Board of Selectmen will do so, as the community will become a city on January 1.
Selectmen voted unanimously to set the residential tax rate for fiscal 2018 at $16.38 per $1,000 of assessed value.
That rate would have raised the tax bill for an average homeowner by about $190. However, Selectmen also voted to use $700,000 from the town’s reserve fund to lower the fiscal 2018 taxes by $25 to $165 for the average single family home.
The average tax bill for homeowners in Framingham is more than $6,250.
If there is any good news, home values continue to rise. The average for a single family home in Framingham is $386,300.
Selectmen also voted to set the commercial and industrial tax rate at $35.51 per $1,000.