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Comparing tax rates with sam chase


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Hello Roy,

We taped a TM Roundtable show this past Thursday where we explained that the property tax rate in and of itself is not a predictor of a high tax bill, as has been recently claimed.

Apparently some people are under the impression that if they transplanted their property configuration to another town with a lower tax rate, they could save on real estate taxes.

Using the attached assessment property assessment summaries, we illustrated that Concord's (Mass.) tax rate of 14.07 vs. Chelmsford's 17.95 does not mean that the taxes paid are 22% higher in Chelmsford, as has been suggested by some political mailings. We compared two similar properties, one in Chelmsford and one in Concord, both with identical lot size and same style/size house, and showed that the Concord resident pays about $1000 more per year for property tax than the Chelmsford Homeowner.
The FY 2013 TAX RATE in Concord is $14.07, and the homeowner pays $4,501 per year. (.01407 X $319,900)
The FY 2013 TAX RATE in Chelmsford is $17.95, and the property owner pays $3,539 per year for the same acreage in a very similar neighborhood, with the same type of house, actually a bit larger. (.01795 X $197,200)
Concord and Chelmsford both are "full service infrastructure" towns, that is, they provide municipal water and sewer service, they have natural gas in the streets, full-time police, fire & EMS, DPW. Two virtually identical properties, one in Concord, the other in Chelmsford, comparable municipal services, but the Concord homeowner pays $1000 more. I'd say the Chelmsford taxpayer at $17.95 gets a better bang for his residential property tax bill than does the Concord taxpayer at $14.07.
What do you think? You may want to link the show to your ITR and other sites.

Sam Chase

Town Manager's Roundtable 022- "Taxes,Property Assessments and Budgets"

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Comparing tax rates with sam chase

  1. 1. 12 CHURCH ST Map/Lot/Unit : 20/ 63/ 5/ / / Location: 12 CHURCH ST Owner Name: Account Number: FY 2013 AssessedItem Current Assessed Value ValueBuildings 65,100 65,100ExtraBuilding 0 0FeaturesOutbuildings 0 0Land 132,100 132,100Total: 197,200 197,200Land Use Land Use DescriptionCode1010 Single Fam MDL-01Size Frontage Neighborhood Assessed Value6962 SF 0 132,100Item ValueSTYLE ConventionalMODEL ResidentialGrade: AverageStories: 1 1/2 StoriesOccupancy 1
  2. 2. Exterior Wall Aluminum Sidng1Roof Gable/HipStructure:Roof Cover Asph/F Gls/CmpInterior Wall 1 Plastered 1PlasteredInterior Flr 1 HardwoodHeat Fuel GasHeat Type: SteamAC Type: NoneTotal 03Bedrooms:Total Bthrms: 1Total Half 0Baths:Item ValueLiving Area 1,051 square feetYear Built 1900Depreciation 21%ReplacementCost Less 65,100DepreciationCode Description UnitsNo OutbuildingsNo Extra Building Features Building Sketch (click here for a list of codes and descriptions)
  3. 3. Subarea Summary (click here for a list of codes and descriptions)Code Description Gross Area Living AreaBAS First Floor 739 739FEP Porch, Enclosed, Finished 48 0FHS Half Story, Finished 520 312FOP Porch, Open, Finished 30 0PTO Patio 240 0UBM Basement, Unfinished 739 0 Total 2316 1051
  4. 4. 34 CONANT STClick to enlarge MBLU : 9D/ 2266/ / / / Location: 34 CONANT ST Owner Name: Account Number: Item Current Assessed Value FY 2012 Assessed Value Buildings 99,300 115,100 Extra Building Features 0 0 Outbuildings 3,700 3,700 Land 216,900 216,900 Total: 319,900 335,700Land Use Code Land Use Description1010 Single Fam MDL-01Size Frontage Zone Neighborhood Assessed Value 0.16 AC 84 C 30 216,900Item ValueSTYLE Old StyleMODEL ResidentialGrade: 03Stories: 1 3/4 StoriesExterior Wall 1 Vinyl SidingRoof Structure: Gable/HipRoof Cover AsphaltInterior Wall 1 PlasteredInterior Flr 1 Pine/Soft WoodHeat Fuel GasHeat Type: Forced Air-DucAC Type: NoneTotal Bedrooms: 03Total Bthrms: 1Total Half Baths: 0Total Rooms: 5Bath Style: AverageKitchen Style: AverageItem ValueLiving Area 828 square feetYear Built 1875Depreciation 30%Replacement Cost Less Depreciation 99,300 Code Description Units FGR1 GARAGE-AVE 320 S.F. Code Description UnitsNo Extra Building Features Building Sketch (click here for a list of codes and descriptions)
  5. 5. Online Database for Concord, MA Powered by Vision Government Solutions, Inc.