FY2017 Single-Family Residential Tax Bill
Andrew Nelson, Supervisor, Bureau of Accounts (BOA)
Tony Rassias, Deputy Director, BOA

The State Total single-family residential tax bill for FY2017 is $5,621, an increase of $202 or 3.7 percent from FY2016, according to data captured from 332 of the Commonwealth's 351 cities and towns in the DLS Muncipal Databank.

In addition, the average value of a single-family residential home was $399,413, the highest value since the FY2008 average value of $403,705, which was set as values were starting to drop in the real estate market.

So far in FY2017, with 345 communities reporting valuation data to the Division of Local Services (DLS), single-family residential parcels statewide represent:

Remember, a reduction is the tax rate does not always equal a lower tax bill: if your home goes up in value, such as when a new school is built, your home may increase in value but your tax bill can also increase. This amount would be added to any increase resulting from a debt exclusion vote, so you get a double increase. Nice!

posted by Jeff Bennett