Homeowners will pay a little less in property taxes this year, as the tax rate for fiscal year 2014 dropped from $12.77 to $12.66 Director of Assessments Dan McGurl told the Board of Selectmen on Monday, December 2.
The average home in Winchester was valued at $775,000 and has gone up to about $805,000 in 2013. The commercial tax rate dropped from $12.01 to $11.01 as value has gone up and the market has improved.
The Board of Selectmen voted to continue the single tax levy on residential, commercial and industrial property. “Basically, it’s your choice whether or not you want to have tax rate in town or if you want to put a little bit more of the burden on the commercial and industrial side,” Director of Assessments Dan McGurl said.
“We haven’t changed that in over 27 years. It doesn’t make a lot of sense to do it seeing how small the commercial and industrial presence is in town. You’re really hitting commercial a lot harder than you’d like to as opposed to saving money. For every penny saved on residential, you tax the commercial 20 cents. It’s just not a viable option.”