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Medford

Property taxes going up

  January 01, 2012

The City Council has accepted the assessor’s recommendation for property tax rates for fiscal 2012, which ends June 30. The new residential tax rate is $12.03 per $1,000 of assessed value, while the commercial, industrial, and personal property tax rate is $23.72 per $1,000 of assessed value. In the recent past, the owner of the average single-family home in Medford sees his or her tax bill increase about $150 per year. This fiscal year is no exception; the tax bill for the average single-family home valued at $347,400 will rise about $156, to $4,179.

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