BOROUGH OF SOMERVILLE
SUMMARY OF TAX RATES
Estimated
2021
Actual
2020
Levy Amount Rate Levy Amount Rate Change %
COUNTY:
County Tax (General) 4,412,679.47 0.379 4,284,154.83 0.365 0.014 3.76%
County Library 643,461.35 0.055 624,719.76 0.054 0.001 2.27%
County Health - - #DIV/0!
County Open Space 417,371.77 0.036 405,215.31 0.034 0.002 5.36%
Total All County Levies 5,473,512.60 0.470 5,314,089.90 0.453 0.017 3.70%
SCHOOLS:
Local School 25,134,682.00 2.157 24,772,858.00 2.108 0.049 2.34%
Regional School - - - - #DIV/0!
Regional High School - - - - #DIV/0!
Additional Local School
School Debt Service - - - - #DIV/0!
SPECIAL DISTRICTS:
Special District Tax - - - - - #DIV/0!
LOCAL PURPOSE TAX 12,872,833.49 1.105 12,917,496.45 1.099 0.006 0.53%
Municipal Library - - - - #DIV/0!
Municipal Open Space - - - - #DIV/0!
Arts and Cultural - 0 - - #DIV/0!
TOTAL ALL LEVIES 43,481,028.09 3.732 43,004,444.35 3.660 0.0719 0.01964
NET VALUATION TAXABLE
1,165,119,670
1,174,995,842
LEVY CHANGE PER VARIOUS ASSESSED VALUES
Estimated
2021
Actual
2020
Total Local
Property
Assessment
Total
Tax
Local
Tax
Total
Tax
Local
Tax
Tax
Change
Tax
Change
100,000.00 3,731.89 1,104.85 3,660.00 1,099.00 71.89 5.85
125,000.00 4,664.87 1,381.06 4,575.00 1,373.75 89.87 7.31
150,000.00 5,597.84 1,657.28 5,490.00 1,648.50 107.84 8.78
175,000.00 6,530.81 1,933.49 6,405.00 1,923.25 125.81 10.24
200,000.00 7,463.79 2,209.70 7,320.00 2,198.00 143.79 11.70
225,000.00 8,396.76 2,485.91 8,235.00 2,472.75 161.76 13.16
250,000.00 9,329.73 2,762.13 9,150.00 2,747.50 179.73 14.63
275,000.00 10,262.71 3,038.34 10,065.00 3,022.25 197.71 16.09
300,000.00 11,195.68 3,314.55 10,980.00 3,297.00 215.68 17.55
325,000.00 12,128.65 3,590.76 11,895.00 3,571.75 233.65 19.01
350,000.00 13,061.63 3,866.98 12,810.00 3,846.50 251.63 20.48
375,000.00 13,994.60 4,143.19 13,725.00 4,121.25 269.60 21.94
400,000.00 14,927.57 4,419.40 14,640.00 4,396.00 287.57 23.40
425,000.00 15,860.55 4,695.62 15,555.00 4,670.75 305.55 24.87
450,000.00 16,793.52 4,971.83 16,470.00 4,945.50 323.52 26.33
475,000.00 17,726.50 5,248.04 17,385.00 5,220.25 341.50 27.79
500,000.00 18,659.47 5,524.25 18,300.00 5,495.00 359.47 29.25
600,000.00 22391.3625 6629.10454 21,960.00 6,594.00 431.36 35.10
750,000.00 27,989.20 8,286.38 27,450.00 8,242.50 539.20 43.88
1,000,000.00 37318.9375 11048.50757 36,600.00 10,990.00 718.94 58.51
1,250,000.00 46648.6718 13810.63446 45,750.00 13,737.50 898.67 73.13
1,500,000.00 55,978.41 16,572.76 54,900.00 16,485.00 1,078.41 87.76