Franklin, MA FY 2022 Tax Rate Information
•
0 likes•290 views
The Town Administration and Board of Assessors prepared the following to present the FY 2022 tax rate info for the public hearing at the Town Council meeting on Wednesday, Dec 1, 2021. My version shares the information with some chart views that I think help tell the story better (my 2 cents)
Recommended
More Related Content
What's hot
What's hot (20)
Similar to Franklin, MA FY 2022 Tax Rate Information
Similar to Franklin, MA FY 2022 Tax Rate Information (20)
More from Franklin Matters
More from Franklin Matters (20)
Recently uploaded
Recently uploaded (20)
Franklin, MA FY 2022 Tax Rate Information
- 1. Prepared by Steve Sherlock - FranklinMatters.org/ Franklin, MA Fiscal Year 2022 Tax Information From the Board of Assessors information package for the 12/01/21 Town Council Meeting and the MA.Gov/DOR website
- 2. Prepared by Steve Sherlock - FranklinMatters.org/ How is the tax rate calculated ? FY 2021 Levy Limit $80,734,921 Add 2.5 % $2,018,373 Add Fy 2022 New Growth $1,106,044 FY 2022 subtotal $83,859,338 Add debt exclusions $3,847,931 FY 2022 Max Levy Limit $87,707,269 Less excess levy capacity $54,269 FY 2022 Tax Levy $87,653,000 FY 2022 Assessed Values $6,238,647,642 FY 2022 Tax Rate 14.05%
- 3. High of 14.84% at 2015 Low of 8.86% at 2007 Rate = 14.05% for FY 2022 Prepared by Steve Sherlock - FranklinMatters.org/
- 4. Low rate of 8.86% at 2007 High of 14.84% at 2015 Single Tax Rate proposed for 14.05% for FY 2022 Prepared by Steve Sherlock - FranklinMatters.org/
- 5. Net Change in Franklin, MA Property Valuations vs. Tax Rate (1988 - 2022) Prepared by Steve Sherlock - FranklinMatters.org/
- 6. Prepared by Steve Sherlock - FranklinMatters.org/ Franklin, MA Residential vs. Commercial-Industrial-Personal Property Valuations as a Percent (1988 - 2022)
- 7. To reduce the residential rate by $1, the commercial/industrial folks would see an increase of $4. A split tax will not do anything to resolve Franklin’s problems. A split tax will only shift a share of the pie from one group of taxpayers to another. Franklin needs to GROW the pie! Prepared by Steve Sherlock - FranklinMatters.org/ Commercial-Industrial-Personal Property -> <- Residential Property
- 8. Prepared by Steve Sherlock - FranklinMatters.org/ Resources ●The Board of Assessors information came from the package for the Town Council meeting scheduled for 12/01/21 https://www.franklinma.gov/sites/g/files/vyhlif6896/f/u ploads/6._tax_classification.pdf ●The Dept of Revenue numbers came from the MA.GOV website ○MA. GOV ■ Dept of Revenue ■ Division of Local Services
- 9. Prepared by Steve Sherlock - FranklinMatters.org/ Questions? Feel free to contact Steve Sherlock Community Information Director (volunteer) for Franklin Matters http://franklinmatters.org/