BOROUGH OF SOMERVILLE
SUMMARY OF TAX RATES
Estimated 2023: Levy Amount · Rate
Actual 2022: Levy Amount · Rate
Change · %
| Estimated 2023 |
Actual 2022 |
|||||
|---|---|---|---|---|---|---|
| Levy Amount | Rate | Levy Amount | Rate | Change | % | |
| COUNTY: | ||||||
| County Tax (General) | 4,424,270.30 | 0.381 | 4,337,519.90 | 0.374 | 0.007 | 1.74% |
| County Library | 634,925.64 | 0.055 | 622,476.12 | 0.054 | 0.001 | 1.13% |
| County Health | - | - | - | #DIV/0! | ||
| County Open Space | 430,291.88 | 0.037 | 421,854.78 | 0.036 | 0.001 | 2.80% |
| Total All County Levies | 5,489,487.82 | 0.472 | 5,381,850.80 | 0.464 | 0.008 | 1.76% |
| SCHOOLS: | ||||||
| Local School | 25,836,355.20 | 2.222 | 25,329,760.00 | 2.181 | 0.041 | 1.89% |
| Regional School | - | - | - | - | #DIV/0! | |
| Regional High School | - | - | - | - | #DIV/0! | |
| Additional Local School | ||||||
| School Debt Service | - | - | - | - | #DIV/0! | |
| SPECIAL DISTRICTS: | ||||||
| Special District Tax | 786,735.55 | 771,309.36 | - | #DIV/0! | ||
| LOCAL PURPOSE TAX | 13,055,960.78 | 1.123 | 12,967,331.07 | 1.116 | 0.007 | 0.62% |
| Municipal Library | - | - | #DIV/0! | |||
| Municipal Open Space | - | - | #DIV/0! | |||
| Arts and Cultural | - | 0 | - | #DIV/0! | ||
| TOTAL ALL LEVIES | 45,168,539.34 | 3.817 | 44,450,251.23 | 3.761 | 0.05622 | 0.014949 |
| NET VALUATION TAXABLE | 1,162,673,000 | 1,161,647,214 | ||||
LEVY CHANGE PER VARIOUS ASSESSED VALUES
Estimated 2023: Total Tax · Local Tax
Actual 2022: Total Tax · Local Tax
Total Tax Change · Local Tax Change
| Property Assessment |
Estimated 2023 |
Actual 2022 |
Total | Local | ||
|---|---|---|---|---|---|---|
| Total | Local | Total | Local | Tax | Tax | |
| Tax | Tax | Tax | Tax | Change | Change | |
| 100,000.00 | 3,817.22 | 1,122.93 | 3,761.00 | 1,116.00 | 56.22 | 6.93 |
| 125,000.00 | 4,771.53 | 1,403.66 | 4,701.25 | 1,395.00 | 70.28 | 8.66 |
| 150,000.00 | 5,725.83 | 1,684.39 | 5,641.50 | 1,674.00 | 84.33 | 10.39 |
| 175,000.00 | 6,680.14 | 1,965.12 | 6,581.75 | 1,953.00 | 98.39 | 12.12 |
| 200,000.00 | 7,634.44 | 2,245.85 | 7,522.00 | 2,232.00 | 112.44 | 13.85 |
| 225,000.00 | 8,588.75 | 2,526.58 | 8,462.25 | 2,511.00 | 126.50 | 15.58 |
| 250,000.00 | 9,543.05 | 2,807.32 | 9,402.50 | 2,790.00 | 140.55 | 17.32 |
| 275,000.00 | 10,497.36 | 3,088.05 | 10,342.75 | 3,069.00 | 154.61 | 19.05 |
| 300,000.00 | 11,451.66 | 3,368.78 | 11,283.00 | 3,348.00 | 168.66 | 20.78 |
| 325,000.00 | 12,405.97 | 3,649.51 | 12,223.25 | 3,627.00 | 182.72 | 22.51 |
| 350,000.00 | 13,360.28 | 3,930.24 | 13,163.50 | 3,906.00 | 196.78 | 24.24 |
| 375,000.00 | 14,314.58 | 4,210.97 | 14,103.75 | 4,185.00 | 210.83 | 25.97 |
| 400,000.00 | 15,268.89 | 4,491.71 | 15,044.00 | 4,464.00 | 224.89 | 27.71 |
| 425,000.00 | 16,223.19 | 4,772.44 | 15,984.25 | 4,743.00 | 238.94 | 29.44 |
| 450,000.00 | 17,177.50 | 5,053.17 | 16,924.50 | 5,022.00 | 253.00 | 31.17 |
| 475,000.00 | 18,131.80 | 5,333.90 | 17,864.75 | 5,301.00 | 267.05 | 32.90 |
| 500,000.00 | 19,086.11 | 5,614.63 | 18,805.00 | 5,580.00 | 281.11 | 34.63 |
| 600,000.00 | 22903.32903 | 6737.557738 | 22,566.00 | 6,696.00 | 337.33 | 41.56 |
| 750,000.00 | 28,629.16 | 8,421.95 | 28,207.50 | 8,370.00 | 421.66 | 51.95 |
| 1,000,000.00 | 38172.21506 | 11229.2629 | 37,610.00 | 11,160.00 | 562.22 | 69.26 |
| 1,250,000.00 | 47715.26882 | 14036.57862 | 47,012.50 | 13,950.00 | 702.77 | 86.58 |
| 1,500,000.00 | 57,258.32 | 16,843.89 | 56,415.00 | 16,740.00 | 843.32 | 103.89 |