Looking at Property Taxes in Lowell and other MA. Cities

tax-dollars

Today’s Boston Business Journal has some interesting statistics regard the Taxes in Mass. Communities and shows us that Lowell isn’t in the minority with the large tax increase.

Here is the Lowell Information:
Residential Tax Rate (per $1,000 of assessed value) / $15.48
1-year change in residential rate (from 2014) / 2.2%
Open Space Tax Rate (per $1,000 of assessed value) / $0.00
Commercial Tax Rate (per $1,000 of assessed value) / $32.46
Industrial Tax Rate (per $1,000 of assessed value) / $32.46
Personal Property Tax Rate/ $32.46

PARCEL INFORMATION
Single Family Parcels / 11,830
Avg Single Family Value – 2014 / $216,179

TAX BILL INFORMATION
Average Single Family Tax Bill – 2015 / $3,480
Average Single Fam Tax Bill – 2014 / $3,273
Average Single Fam Tax Bill – 2013 / $3,273
Average Single Fam Tax Bill – 2012 / $3,236
Average Single Fam Tax Bill – 2011 / $3,205
Average Single Fam Tax Bill – 2003 /$2,182

Avg. residential tax bill change since 2014 / 6.3%
Avg. residential tax bill change since 2003 / 59.5%

If you look at other larger Cities in the State: (per $1,000 of assessed value)

Worcester : their Tax rate for Residential is $20.07 and Commercial $31.73
Avg. residential tax bill change since 2014 / 3.1 %
Avg. residential tax bill change since 2003 / 48.6%

Fall River: their Residential Tax Rate $13.08 and Commercial $28.14
Avg. residential tax bill change since 2014 / 4.0%
Avg. residential tax bill change since 2003 / 97.7%

Springfield: their Residential Tax Rate $19.67 and Commercial $38.77
Avg. residential tax bill change since 2014 / -0.4%
Avg. residential tax bill change since 2003 / 32.7%

Lowell compared to Springfield is interesting. While they have a higher Tax rate they have way lower property values

Springfield Single Family Average Value / $131,495
Lowell Single Family Average Value / $224,817

Closer to home:(per $1,000 of assessed value)

Billerica – Residential Tax Rate $14.04 / Commercial $32.67
Single Family Average Value / $325,027
Avg. residential tax bill change since 2014 / -0.1%
Avg. residential tax bill change since 2003 / 57.8%

Chelmsford – Residential Tax Rate $18.70 / Commercial $18.70
Single Family Average Value / $338,435
Avg. residential tax bill change since 2014 / 3.4%
Avg. residential tax bill change since 2003 / 60.3%

Dracut – Residential Tax Rate $14.93 / Commercial $14.93
Single Family Average Value / $278,542
Avg. residential tax bill change since 2014 / 6.9%
Avg. residential tax bill change since 2003 / 57.2%

Tewksbury – Residential Tax Rate $16.37 / Commercial $27.67
Single Family Average Value / $327,145
Avg. residential tax bill change since 2014 / 5.7%
Avg. residential tax bill change since 2003 / 82.7%

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2 thoughts on “Looking at Property Taxes in Lowell and other MA. Cities

  1. Chris

    Thanks for collecting and posting these comparisons! It’s interesting to see how different cities have or have not recovered from the housing market crash.

    Reply

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