The Tax Bill Cometh...

Discussions about the the ridiculous tax evaluations alot of homes received during this recession. (Great timing). Also, any discussions about taxes at all.

The Tax Bill Cometh...

Postby swamper on Mon Jun 27, 2011 7:38 pm

From TewksburyPatch:

http://tewksbury.patch.com/articles/tax ... -this-week

Tax Bills Will Be Arriving This Week
Bills will reflect vote of residents at ballot and Annual Town Meeting regarding debt shift.

3:42pm
Credit Bill Gilman

Expect a few fireworks several days before the Fourth of July, as Tewksbury residents receive their preliminary property tax bills in the mail this week.

Payment of the first installment is due by Aug. 1, according to information supplied by Town Manager Richard Montuori and Chief Assessor Jay Kelley.

According to Kelley and Montuori, the preliminary Fiscal Year 2012 tax bills are compiled operating under three presumptions. The first is that there will be a basic 2.5 percent increase in the tax levy, as usual. The second is that there will be a 5 percent increase resulting from the high school construction bond debt service. The third presumption is that there will be a 6 percent increase, as the result of voters approving the shift of 50 percent of the sewer debt from the sewer rates to the property tax levy.

The actual property tax bills will be sent out to residents at the end of December.

If residents have any questions or concerns about their property tax bills, they can call Montuori at 978-670-4300 or Kelley at 978-670-4330.

Related Topics: Chief Assessor, Property Tax, Richard Montuori, Sewer Debt, and Town Manager
User avatar
swamper
 
Posts: 6010
Joined: Sat May 06, 2000 1:01 am
Location: Tewksbury

Re: The Tax Bill Cometh...

Postby moretpani on Tue Jun 28, 2011 12:40 pm

Ouch

2.5 % + 5% + 6% --- OUCH … It hurts

As the admin says..
Pensions are safe.
moretpani
 
Posts: 2038
Joined: Tue Jul 18, 2000 1:01 am

Re: The Tax Bill Cometh...

Postby ELLE on Thu Jun 30, 2011 3:29 am

moretpani wrote:Ouch

2.5 % + 5% + 6% --- OUCH … It hurts

As the admin says..
Pensions are safe.


The 6% from the sewer transfer won't be on the water bill anymore, for those on sewer. For me, it's like a tax deductible water bill. This still doesn't speak to inidividual bills though, this is the overall assessment. Any given address could see a bigger or smaller increase, depending on relative property assessment.
ELLE
 
Posts: 1244
Joined: Mon Apr 23, 2001 1:01 am

Re: The Tax Bill Cometh...

Postby moretpani on Thu Jun 30, 2011 5:58 am

ELLE wrote:
moretpani wrote:Ouch

2.5 % + 5% + 6% --- OUCH … It hurts

As the admin says..
Pensions are safe.


The 6% from the sewer transfer won't be on the water bill anymore, for those on sewer. For me, it's like a tax deductible water bill. This still doesn't speak to inidividual bills though, this is the overall assessment. Any given address could see a bigger or smaller increase, depending on relative property assessment.


I am sure all properties will be over assessed unless you are family or a friend of the town.

As much as they can getaway with
moretpani
 
Posts: 2038
Joined: Tue Jul 18, 2000 1:01 am

Re: The Tax Bill Cometh...

Postby mike_flynn on Tue Jul 05, 2011 10:35 am

I am surprised that the Town of Tewksbury was allowed to tack an additional 6% onto our property taxes for the 50% sewer debt shift before the Home Rule Petition was passed by the Legislature and signed by the Governor.

According to the Bill History tab at the following link, Senate Bill No. 01909 (S.1909) is still in the Joint Committee on Revenue.

http://www.malegislature.gov/Bills/187/Senate/S01909
User avatar
mike_flynn
 
Posts: 422
Joined: Fri Mar 21, 2003 2:01 am

Re: The Tax Bill Cometh...

Postby Harry on Tue Jul 05, 2011 11:00 am

Found a 1992 Tax Bill for my house;

$1795.00

My bill this year in 2011;

$4500.00, roughly about 150% higher now. (simple math)

More than doubled in 19 years.

So in 19 more years my tax bill will be;

$11,250 dollars....really?

One has to wonder how all this will end, it will end badly that's for sure.
Experience hath shown, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Harry
 
Posts: 1133
Joined: Sun Dec 08, 2002 2:01 am
Location: Tewksbury

Re: The Tax Bill Cometh...

Postby ELLE on Tue Jul 05, 2011 12:52 pm

mike_flynn wrote:I am surprised that the Town of Tewksbury was allowed to tack an additional 6% onto our property taxes for the 50% sewer debt shift before the Home Rule Petition was passed by the Legislature and signed by the Governor.

According to the Bill History tab at the following link, Senate Bill No. 01909 (S.1909) is still in the Joint Committee on Revenue.

http://www.malegislature.gov/Bills/187/Senate/S01909


These are only preliminary bills so they are estimates. If it doesn't pass, then the final bills will be very small.
ELLE
 
Posts: 1244
Joined: Mon Apr 23, 2001 1:01 am

Re: The Tax Bill Cometh...

Postby ELLE on Wed Jul 06, 2011 4:02 am

My bill is up only 6.5%. Did they actually include the sewer shift?
ELLE
 
Posts: 1244
Joined: Mon Apr 23, 2001 1:01 am

Re: The Tax Bill Cometh...

Postby moretpani on Wed Jul 06, 2011 6:54 am

Up 13% from last year :D
moretpani
 
Posts: 2038
Joined: Tue Jul 18, 2000 1:01 am

Re: The Tax Bill Cometh...

Postby mike_flynn on Wed Jul 06, 2011 10:00 am

ELLE,

The FY12 Preliminary Real Estate Tax increase is actually 13.24% over the FY11 Final Real Estate Tax adjusted by quarter. Your FY12 Preliminary bill should be:

FY11 Total Assessed Value = $359,700
FY11 Tax Rate = $13.46 per 1,000
FY12 Prelim Tax Increase = 13.24%
CPA Surcharge = 1.5%

FY12 1st_2nd_Qtr Prelim RE_Tax = ( ( 359700/1000 ) * 13.46 * 1.1324 ) / 4 = $1,370.65

FY12 1st_2nd_Qtr Prelim CPA_Tax = ( ( ( 359700 - 100000 ) / 1000 ) * 13.46 * 0.015 * 1.1324 ) / 4 = $14.84

FY12 1st_2nd_Qtr Prelim Total_Tax = $1,370.65 + $14.84 = $1,385.49


Of course the hidden slap in the face is that we have to pay an extra penalty (in the form of the increased CPA tax) for the added property taxes for the New High School and the 50% Sewer Debt Shift.

The Community Preservation Act (CPA) surcharge is a tax that we pay on top of our Real Estate Taxes to recover an ever-decreasing portion of over-charged fees at the Registry of Deeds. To pay a tax on a tax is disgusting enough, but to have to pay an extra penalty (I don’t care how it relates to the cost of a cup of coffee!) for property taxes excluded from Proposition 2-1/2 levy limits is unconscionable.
User avatar
mike_flynn
 
Posts: 422
Joined: Fri Mar 21, 2003 2:01 am

Re: The Tax Bill Cometh...

Postby talkingheads on Mon Oct 24, 2011 9:26 am

Okay, so it's my first time posting here. I just received a whopping $276.00 a month increase in my mortgage escrow. Holy cow!!! I thought with the shifting of the water/sewer fund and the new highschool, I would probably be looking at a roughly $200.00 a year prop. tax increase. My property taxes have increased $1500 in the last two years. $700 for fiscal year 2012. My last water bill is roughly the same amount I've been paying. Yeah, I mean no decrease there. Can someone explain what the hell is going on. I can't be the only one seeing such a huge increase, can I?
talkingheads
 
Posts: 8
Joined: Fri Sep 16, 2011 11:14 am

Re: The Tax Bill Cometh...

Postby moretpani on Mon Oct 24, 2011 11:23 am

Pensions, Health Care with $10.00 co pay and Free Fridays.
moretpani
 
Posts: 2038
Joined: Tue Jul 18, 2000 1:01 am

Re: The Tax Bill Cometh...

Postby Rabib on Mon Oct 24, 2011 11:55 am

Now you know why an open public town meeting is so important. Come to town meeting and ask questions. The more people that ask questions and question the status quo, the better for all.
Rabib
 
Posts: 358
Joined: Mon Jul 26, 2004 1:01 am
Location: Tewksbury

Re: The Tax Bill Cometh...

Postby ELLE on Thu Oct 27, 2011 6:27 am

My water bill was 2/3 of what it was last year. My tax bill went up $85 a quarter. I came out slightly better. The difference is that the $85 is tax deductible when I file and the water bill was not. So I consider this better. Check with your mortgage company, maybe they made a mistake or maybe they changed their escrow policy. $276 a month is not because of the tax increase unless you live in a million dollar house (in which case who cares, right?).
ELLE
 
Posts: 1244
Joined: Mon Apr 23, 2001 1:01 am

Re: The Tax Bill Cometh...

Postby moretpani on Thu Oct 27, 2011 7:02 am

Our water bill was slightly higher then the one last year and taxes wen up considerably. No, we do not live in a million $$$ home.
moretpani
 
Posts: 2038
Joined: Tue Jul 18, 2000 1:01 am

Next

Return to Taxes