Average Wilmington Tax Bill To Increase $144 In FY2021

Wilmington MA

30 November, 2020

5:04 PM

Description

WILMINGTON, MA — The average residential tax bill will increase by $144.06 in Fiscal Year 2021, after the Board of Selectmen voted to set the tax shift, Nov. 23. The average single-family home increased in value by just 0.17 percent in Wilmington, rising to $507,014. The average single-family tax bill will be around $7,017.07. The Board selected a 1.75 commercial tax shift, meaning commercial property owners will pay 175 percent of what they would if there was a uniform rate. The residential rate is correspondingly 77 percent of the theoretical uniform rate. Residential homes will be taxed at a rate of 13.84 mills, up from 13.58 in Fiscal Year 2020. Commercial properties will be taxed at a rate of 31.43 mills, for an average increase of $3,935.83 over last year. The Board of Assessors recommended the 1.75 commercial shift, which is the maximum allowable shift. The full meeting video is available here via WCTV. Christopher Huffaker can be reached at 412-265-8353 or [email protected].