How Does Andover's Tax Rate Compare to Surrounding Towns?
Andover's tax rate is the highest among surrounding towns.
Andover selectmen approved the town's new property tax rate for fiscal 2011 in November. Many towns handle the tax classification process differently, as well as their budgets, and therefore property tax rates can vary quite a bit from town to town.
After a vote from the selectmen, the state recently approved Andover's residential tax rate for fiscal 2011 at $14.12 per $1,000 of assessed property value. This tax rate translates to a roughly $241 increase to the average single family property bill. The average single family property value in Andover is $529,775.
This rate was a 7.1 percent increase from last year's rate of $13.19. However, dropping property values dimished the rate increase.
Here's how Andover's residential tax rate, as well as the commercial, industrial and personal tax rate, compares with surrounding communities.
Tax Rates For Communities Surrounding Andover
Rates are per $1,000 of value for residential, commercial, industrial and personal (CIP) properties.
|Community||Residential Tax Rate||Residential Tax Rate||Commercial, Industrial and Personal Tax Rate||Commercial, Industrial and Personal Tax Rate |
|FY 2010||FY 2011||FY 2010||FY 2011|
Information compiled using Department of Revenue and local assessor's data