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Wrentham Tax Rates Vs. Its Neighbors: Seventh Place

How much does it cost to live in Wrentham?

 

According to the Boston Business Journal, Wrentham stacks up pretty well against some of its neighbors in terms of commercial industrial tax rates, at least in some areas, and is the seventh most expensive town among Sharon, Mansfield, Norfolk, Norton, Franklin, Easton, Plainville, Norwood, Brockton and Foxborough

Earlier this year, the Board of Selectmen voted to increase the residential and commercial tax rates for the next fiscal year by 1.14%. Residential rates go up from $14.43 per $1,000 valuation to $15.05. The commercial rate will increase from $17.06 to $17.88.

The argument during the vote’s deliberation between selectmen boiled down to tax revenue and who should take the higher increase in the tax split (in which the tax rate between commercial/industrial property and resident property are different).

Across the stae, Chilmark on Martha’s Vineyard has the lowest residential property tax rate in the state at 2.08 flat rate between commercial/industrial. Sharon has the highest residential tax rate (also with a flat split) in Massachusetts at 20.11 percent.

Everett had the highest commercial/industrial tax rate at 41.66 percent, and Chilmark also had the lowest rate in commercial/industrial at 2.08 percent.

 

Town

Residential Rate

Commercial/Industrial

Sharon

20.11

20.11

Norfolk

16.47

16.47

Brockton

16.4

29.96

Easton

14.95

14.95

Mansfield

14.92

19.37

Plainville

13.99

13.99

Wrentham

14.43

17.06

Foxborough

13.73

14.86

Franklin

13.73

13.73

Norton

13.54

13.54

Norwood

10.58

20.29

 

For a full list of Massachusetts Tax Rates, check out the Boston Business Journal's database by clicking here.

Related Topics: tax rates
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