You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Woburn

No change in residential tax rate; commercial rate will rise slightly

Continue reading below

The state recently certified the city’s property tax rate for fiscal 2013. The residential tax rate will remain unchanged at $10.40 per $1,000 valuation, while the commercial rate will rise slightly, from $26.83 per $1,000 to $27.01 per $1,000. The City Council at its annual classification hearing decided to maintain Woburn’s existing policy of having a split tax rate, and to continue the existing shift of the residential tax burden on to businesses. Under that shift, the maximum allowed by law, businesses pay 75 percent more in taxes than if there was a single rate. The owner of an average single-family home valued at $341,661 will pay $3,553.27 in taxes in fiscal 2013, or 73 cents less than the $3,554 the owner of an average home valued at $341,731 would have paid in fiscal 2012. “It’s very good news for the residential taxpayer,” Mayor Scott D. Galvin said. “We’ve been able to be conservative in our budgeting and still provide great services.” He said that while continuing the maximum shift, the city was also able to hold the commercial tax rate to its lowest increase in about seven years, and to keep it below the commercial rates charged in some neighboring communities. “We give our commercial taxpayers a good value for their buck,” Galvin said.

Loading comments...
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.