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

North Andover

Property tax rate approved

Continue reading below

The Board of Selectmen this month approved a split property tax rate for the current fiscal year, which began July 1. The town has had a split rate since fiscal 1990, meaning that residential property is taxed at a lower rate than it would be if the town taxed all property at the same rate. Once again this year, owners of commercial real estate will pay 1.31 times more than what they would pay if the town taxed all property at the same rate. This year, the residential tax rate is $13.72 per $1,000 of assessed value, down from $13.92 in fiscal 2012. The commercial and industrial rate is $18.85 for fiscal 2013, down from $19.16 last fiscal year. Although the rates dropped, the average tax bill will rise due to an increase in assessed values. The real estate tax bill for the average single-family home in North Andover, assessed at $478,064, is $6,559 for fiscal 2013, according to state Department of Revenue records, an increase of $209 over last year. In fiscal 2012, the average single-family home was assessed at $456,212 and had a property tax bill of $6,350, state revenue records show.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

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
Marketing image of