Belmont Property Tax Rate Will Rise to $13.35 per $1,000
Eleven cent increase due to raising home values and more taxable capacity.
First the good news: Belmont is a place lots of people want to live. And that popularity has translated to where even "in this bad economy," property values of homes in the "Town of Homes" increased in the past year, said Robert Reardon, chairman of the Board of Assessors to the Belmont Board of Selectmen Monday, Dec. 5. "Location, location, location," explained Richard Simmons, the town's assessing administrator to Selectman Angelo Firenze who expressed surprise that total assessed values in town jumped by a total of $123 million as most US communities have seen prices plummet. Now the bad news; you'll have to dig a bit deeper to have the privledge of living here as the Selectmen approved the Assessors' recommendation to increase the …
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David Chase
3:47 pm on Thursday, December 8, 2011
BC, of course they are going up. Prop 2.5 allows it, and we lost ground for many years, resulting in undermaintained roads, school athletic fees, and cuts. I honestly do not understand the whining. Property taxes are capped at a low growth rate; both federal and state income taxes have been cut. If you don't like it that the potentially regressive property tax is allowed to rise while others have… more ›