BOROUGH OF SOMERVILLE
SUMMARY OF TAX RATES
| Estimated 2024 |
Actual 2023 |
Change | % | |||
|---|---|---|---|---|---|---|
| Levy Amount | Rate | Levy Amount | Rate | |||
| COUNTY: | ||||||
| County Tax (General) | 4,770,462.74 | 0.410 | 4,654,109.99 | 0.400 | 0.010 | 2.50% |
| County Library | 662,630.84 | 0.057 | 646,469.11 | 0.056 | 0.001 | 1.70% |
| County Health | - | - | #DIV/0! | |||
| County Open Space | 476,891.47 | 0.041 | 465,259.97 | 0.040 | 0.001 | 2.47% |
| Total All County Levies | 5,909,985.05 | 0.508 | 5,765,839.07 | 0.496 | 0.012 | 2.41% |
| SCHOOLS: | ||||||
| Local School | 26,727,322.93 | 2.297 | 26,075,437.00 | 2.243 | 0.054 | 2.41% |
| Regional School | - | - | - | - | #DIV/0! | |
| Regional High School | - | - | - | - | #DIV/0! | |
| Additional Local School | ||||||
| School Debt Service | - | - | - | - | #DIV/0! | |
| SPECIAL DISTRICTS: | ||||||
| Special District Tax | 821,988.40 | 805,870.98 | - | #DIV/0! | ||
| LOCAL PURPOSE TAX | 13,125,655.50 | 1.128 | 13,055,960.78 | 1.123 | 0.005 | 0.45% |
| Municipal Library | - | - | #DIV/0! | |||
| Municipal Open Space | - | - | #DIV/0! | |||
| Arts and Cultural | 0 | - | #DIV/0! | |||
| TOTAL ALL LEVIES | 46,584,951.87 | 3.933 | 45,703,107.83 | 3.862 | 0.07118 | 0.018431 |
NET VALUATION TAXABLE
1,163,510,700
1,162,673,000
LEVY CHANGE PER VARIOUS ASSESSED VALUES
| Property Assessment |
Estimated 2024 |
Actual 2023 |
Total Tax Change |
Local Tax Change |
||
|---|---|---|---|---|---|---|
| Total Tax |
Local Tax |
Total Tax |
Local Tax |
|||
| 100,000.00 | 3,933.18 | 1,128.11 | 3,862.00 | 1,123.00 | 71.18 | 5.11 |
| 125,000.00 | 4,916.47 | 1,410.13 | 4,827.50 | 1,403.75 | 88.97 | 6.38 |
| 150,000.00 | 5,899.77 | 1,692.16 | 5,793.00 | 1,684.50 | 106.77 | 7.66 |
| 175,000.00 | 6,883.06 | 1,974.19 | 6,758.50 | 1,965.25 | 124.56 | 8.94 |
| 200,000.00 | 7,866.36 | 2,256.22 | 7,724.00 | 2,246.00 | 142.36 | 10.22 |
| 225,000.00 | 8,849.65 | 2,538.24 | 8,689.50 | 2,526.75 | 160.15 | 11.49 |
| 250,000.00 | 9,832.95 | 2,820.27 | 9,655.00 | 2,807.50 | 177.95 | 12.77 |
| 275,000.00 | 10,816.24 | 3,102.30 | 10,620.50 | 3,088.25 | 195.74 | 14.05 |
| 300,000.00 | 11,799.54 | 3,384.32 | 11,586.00 | 3,369.00 | 213.54 | 15.32 |
| 325,000.00 | 12,782.83 | 3,666.35 | 12,551.50 | 3,649.75 | 231.33 | 16.60 |
| 350,000.00 | 13,766.13 | 3,948.38 | 13,517.00 | 3,930.50 | 249.13 | 17.88 |
| 375,000.00 | 14,749.42 | 4,230.40 | 14,482.50 | 4,211.25 | 266.92 | 19.15 |
| 400,000.00 | 15,732.72 | 4,512.43 | 15,448.00 | 4,492.00 | 284.72 | 20.43 |
| 425,000.00 | 16,716.01 | 4,794.46 | 16,413.50 | 4,772.75 | 302.51 | 21.71 |
| 450,000.00 | 17,699.31 | 5,076.49 | 17,379.00 | 5,053.50 | 320.31 | 22.99 |
| 475,000.00 | 18,682.60 | 5,358.51 | 18,344.50 | 5,334.25 | 338.10 | 24.26 |
| 500,000.00 | 19,665.90 | 5,640.54 | 19,310.00 | 5,615.00 | 355.90 | 25.54 |
| 600,000.00 | 23,599.08 | 6,768.65 | 23,172.00 | 6,738.00 | 427.08 | 30.65 |
| 750,000.00 | 29,498.85 | 8,460.81 | 28,965.00 | 8,422.50 | 533.85 | 38.31 |
| 1,000,000.00 | 39,331.79 | 11,281.08 | 38,620.00 | 11,230.00 | 711.79 | 51.08 |
| 1,250,000.00 | 49,164.74 | 14,101.35 | 48,275.00 | 14,037.50 | 889.74 | 63.85 |
| 1,500,000.00 | 58,997.69 | 16,921.62 | 57,930.00 | 16,845.00 | 1,067.69 | 76.62 |