DocuSign Envelope ID: 770223B8-42F8-4748-AA3D-7A1792141FE5
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 13,125,605.50 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 46,584,901.87 3.933 45,703,107.83 3.862 0.07118 0.01843
NET VALUATION TAXABLE 1,163,510,700 1,162,673,000
LEVY CHANGE PER VARIOUS ASSESSED VALUES
Estimated
2024
Actual
2023
Total Local
Property
Assessment
Total
Tax
Local
Tax
Total
Tax
Local
Tax
Tax
Change
Tax
Change
100,000.00 3,933.18 1,128.10 3,862.00 1,123.00 71.18 5.10
125,000.00 4,916.47 1,410.13 4,827.50 1,403.75 88.97 6.38
150,000.00 5,899.76 1,692.16 5,793.00 1,684.50 106.76 7.66
175,000.00 6,883.06 1,974.18 6,758.50 1,965.25 124.56 8.93
200,000.00 7,866.35 2,256.21 7,724.00 2,246.00 142.35 10.21
225,000.00 8,849.64 2,538.23 8,689.50 2,526.75 160.14 11.48
250,000.00 9,832.94 2,820.26 9,655.00 2,807.50 177.94 12.76
275,000.00 10,816.23 3,102.28 10,620.50 3,088.25 195.73 14.03
300,000.00 11,799.53 3,384.31 11,586.00 3,369.00 213.53 15.31
325,000.00 12,782.82 3,666.34 12,551.50 3,649.75 231.32 16.59
350,000.00 13,766.11 3,948.36 13,517.00 3,930.50 249.11 17.86
375,000.00 14,749.41 4,230.39 14,482.50 4,211.25 266.91 19.14
400,000.00 15,732.70 4,512.41 15,448.00 4,492.00 284.70 20.41
425,000.00 16,715.99 4,794.44 16,413.50 4,772.75 302.49 21.69
450,000.00 17,699.29 5,076.47 17,379.00 5,053.50 320.29 22.97
475,000.00 18,682.58 5,358.49 18,344.50 5,334.25 338.08 24.24
500,000.00 19,665.88 5,640.52 19,310.00 5,615.00 355.88 25.52
600,000.00 23,599.05 6,768.62 23,172.00 6,738.00 427.05 30.62
750,000.00 29,498.81 8,460.78 28,965.00 8,422.50 533.81 38.28
1,000,000.00 39,331.75 11,281.04 38,620.00 11,230.00 711.75 51.04
1,250,000.00 49,164.69 14,101.29 48,275.00 14,037.50 889.69 63.79
1,500,000.00 58,997.63 16,921.55 57,930.00 16,845.00 1,067.63 76.55