BOROUGH OF SOMERVILLE
SUMMARY OF TAX RATES
|
Estimated 2025 |
Actual 2024 |
Change | % | |||
|---|---|---|---|---|---|---|
| Levy Amount | Rate | Levy Amount | Rate | |||
| COUNTY: | ||||||
| County Tax (General) | 4,957,759.04 | 0.426 | 4,836,838.09 | 0.416 | 0.010 | 2.31% |
| County Library | 679,861.32 | 0.058 | 663,279.34 | 0.057 | 0.001 | 2.39% |
| County Health | - | - | - | - | - | #DIV/0! |
| County Open Space | 515,322.83 | 0.044 | 502,753.98 | 0.043 | 0.001 | 2.88% |
| Total All County Levies | 6,152,943.20 | 0.528 | 6,002,871.41 | 0.516 | 0.012 | 2.37% |
| SCHOOLS: | ||||||
| Local School | 27,534,666.23 | 2.364 | 26,863,089.00 | 2.309 | 0.055 | 2.37% |
| Regional School | - | - | - | - | - | #DIV/0! |
| Regional High School | - | - | - | - | - | #DIV/0! |
| Additional Local School | ||||||
| School Debt Service | - | - | - | - | - | #DIV/0! |
| SPECIAL DISTRICTS: | ||||||
| Special District Tax | 855,791.06 | 839,010.84 | - | #DIV/0! | ||
| LOCAL PURPOSE TAX | 13,254,000.00 | 1.138 | 13,125,605.50 | 1.128 | 0.010 | 0.87% |
| Municipal Library | - | - | - | - | - | #DIV/0! |
| Municipal Open Space | - | - | - | - | - | #DIV/0! |
| Arts and Cultural | - | 0 | - | - | - | #DIV/0! |
| TOTAL ALL LEVIES | 47,797,400.48 | 4.030 | 46,830,576.75 | 3.953 | 0.07675 | 0.019415 |
NET VALUATION TAXABLE
1,164,877,600
1,163,510,700
LEVY CHANGE PER VARIOUS ASSESSED VALUES
|
Property Assessment |
Estimated 2025 |
Actual 2024 |
Total Tax Change |
Local Tax Change |
||
|---|---|---|---|---|---|---|
| Total Tax |
Local Tax |
Total Tax |
Local Tax |
|||
| 100,000.00 | 4,029.75 | 1,137.80 | 3,953.00 | 1,128.00 | 76.75 | 9.80 |
| 125,000.00 | 5,037.18 | 1,422.25 | 4,941.25 | 1,410.00 | 95.93 | 12.25 |
| 150,000.00 | 6,044.62 | 1,706.70 | 5,929.50 | 1,692.00 | 115.12 | 14.70 |
| 175,000.00 | 7,052.06 | 1,991.15 | 6,917.75 | 1,974.00 | 134.31 | 17.15 |
| 200,000.00 | 8,059.49 | 2,275.60 | 7,906.00 | 2,256.00 | 153.49 | 19.60 |
| 225,000.00 | 9,066.93 | 2,560.05 | 8,894.25 | 2,538.00 | 172.68 | 22.05 |
| 250,000.00 | 10,074.37 | 2,844.50 | 9,882.50 | 2,820.00 | 191.87 | 24.50 |
| 275,000.00 | 11,081.80 | 3,128.96 | 10,870.75 | 3,102.00 | 211.05 | 26.96 |
| 300,000.00 | 12,089.24 | 3,413.41 | 11,859.00 | 3,384.00 | 230.24 | 29.41 |
| 325,000.00 | 13,096.67 | 3,697.86 | 12,847.25 | 3,666.00 | 249.42 | 31.86 |
| 350,000.00 | 14,104.11 | 3,982.31 | 13,835.50 | 3,948.00 | 268.61 | 34.31 |
| 375,000.00 | 15,111.55 | 4,266.76 | 14,823.75 | 4,230.00 | 287.80 | 36.76 |
| 400,000.00 | 16,118.98 | 4,551.21 | 15,812.00 | 4,512.00 | 306.98 | 39.21 |
| 425,000.00 | 17,126.42 | 4,835.66 | 16,800.25 | 4,794.00 | 326.17 | 41.66 |
| 450,000.00 | 18,133.86 | 5,120.11 | 17,788.50 | 5,076.00 | 345.36 | 44.11 |
| 475,000.00 | 19,141.29 | 5,404.56 | 18,776.75 | 5,358.00 | 364.54 | 46.56 |
| 500,000.00 | 20,148.73 | 5,689.01 | 19,765.00 | 5,640.00 | 383.73 | 49.01 |
| 600,000.00 | 24,178.48 | 6,826.81 | 23,718.00 | 6,768.00 | 460.48 | 58.81 |
| 750,000.00 | 30,223.10 | 8,533.51 | 29,647.50 | 8,460.00 | 575.60 | 73.51 |
| 1,000,000.00 | 40,297.46 | 11,378.02 | 39,530.00 | 11,280.00 | 767.46 | 98.02 |
| 1,250,000.00 | 50,371.83 | 14,222.52 | 49,412.50 | 14,100.00 | 959.33 | 122.52 |
| 1,500,000.00 | 60,446.19 | 17,067.03 | 59,295.00 | 16,920.00 | 1,151.19 | 147.03 |