Comparing tax rates with sam chase

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12 CHURCH ST Map/Lot/Unit : 20/ 63/ 5/ / / Location: 12 CHURCH ST Owner Name: Account Number: Item Current Assessed Va alue FY 2013 Assessed Value Buildings 65,1 100 65,100 Extra Building Features 0 0 Outbuildings s s 0 0 Land 132,1 100 132,100 Total: 197,2 200 197,200 Land Use Code La and Use Description 1010 Si ingle Fam MDL-01 Size F F Fro ontage Neig ghborh ho ood d As ssessed Value 6962 SF 0 0 0 132,100 Item Value STYLE Conventional MODEL Residential Grade: Average Stories: 1 1/2 Stories Occupancy y 1

description

Hello Roy, We taped a TM Roundtable show this past Thursday where we explained that the property tax rate in and of itself is not a predictor of a high tax bill, as has been recently claimed. Apparently some people are under the impression that if they transplanted their property configuration to another town with a lower tax rate, they could save on real estate taxes. Using the attached assessment property assessment summaries, we illustrated that Concord's (Mass.) tax rate of 14.07 vs. Chelmsford's 17.95 does not mean that the taxes paid are 22% higher in Chelmsford, as has been suggested by some political mailings. We compared two similar properties, one in Chelmsford and one in Concord, both with identical lot size and same style/size house, and showed that the Concord resident pays about $1000 more per year for property tax than the Chelmsford Homeowner. The FY 2013 TAX RATE in Concord is $14.07, and the homeowner pays $4,501 per year. (.01407 X $319,900) The FY 2013 TAX RATE in Chelmsford is $17.95, and the property owner pays $3,539 per year for the same acreage in a very similar neighborhood, with the same type of house, actually a bit larger. (.01795 X $197,200) Concord and Chelmsford both are "full service infrastructure" towns, that is, they provide municipal water and sewer service, they have natural gas in the streets, full-time police, fire & EMS, DPW. Two virtually identical properties, one in Concord, the other in Chelmsford, comparable municipal services, but the Concord homeowner pays $1000 more. I'd say the Chelmsford taxpayer at $17.95 gets a better bang for his residential property tax bill than does the Concord taxpayer at $14.07. What do you think? You may want to link the show to your ITR and other sites. Regards, Sam Chase Town Manager's Roundtable 022- "Taxes,Property Assessments and Budgets" http://cvp.telvue.com/player?id=T01497&video=146466

Transcript of Comparing tax rates with sam chase

Page 1: Comparing tax rates with sam chase

12 CHURCH ST12 CHURCH ST12 CHURCH STMap/Lot/Unit : 20/ 63/ 5/ / /

Location: 12 CHURCH STOwner Name:

Account Number:

ItemItemItem Current Assessed ValueCurrent Assessed ValueCurrent Assessed ValueCurrent Assessed Value

FY 2013 Assessed Value

FY 2013 Assessed Value

FY 2013 Assessed Value

FY 2013 Assessed Value

BuildingsBuildingsBuildings 65,10065,10065,10065,100

65,10065,10065,10065,100

Extra Building Features

Extra Building Features

Extra Building Features

0000

0000

OutbuildingsOutbuildingsOutbuildings 0000

0000

LandLandLand 132,100132,100132,100132,100

132,100132,100132,100132,100

Total:Total:Total: 197,200197,200197,200197,200

197,200197,200197,200197,200

Land Use CodeLand Use CodeLand Use CodeLand Use Code Land Use DescriptionLand Use DescriptionLand Use DescriptionLand Use DescriptionLand Use DescriptionLand Use DescriptionLand Use DescriptionLand Use Description

1010101010101010 Single Fam MDL-01Single Fam MDL-01Single Fam MDL-01Single Fam MDL-01Single Fam MDL-01Single Fam MDL-01Single Fam MDL-01Single Fam MDL-01

SizeSize FrontageFrontageFrontageFrontage NeighborhoodNeighborhoodNeighborhoodNeighborhoodNeighborhoodNeighborhoodNeighborhood Assessed ValueAssessed ValueAssessed ValueAssessed Value

6962 SF6962 SF 0000 132,100132,100132,100132,100

ItemItemItemItemItem ValueValueValueValueValueValueValueValueValueValueValue

STYLESTYLESTYLESTYLESTYLE ConventionalConventionalConventionalConventionalConventionalConventionalConventionalConventionalConventionalConventionalConventional

MODELMODELMODELMODELMODEL ResidentialResidentialResidentialResidentialResidentialResidentialResidentialResidentialResidentialResidentialResidential

Grade:Grade:Grade:Grade:Grade: AverageAverageAverageAverageAverageAverageAverageAverageAverageAverageAverage

Stories:Stories:Stories:Stories:Stories: 1 1/2 Stories1 1/2 Stories1 1/2 Stories1 1/2 Stories1 1/2 Stories1 1/2 Stories1 1/2 Stories1 1/2 Stories1 1/2 Stories1 1/2 Stories1 1/2 Stories

OccupancyOccupancyOccupancyOccupancyOccupancy 11111111111

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Exterior Wall 1Exterior Wall 1Exterior Wall 1Exterior Wall 1Exterior Wall 1 Aluminum SidngAluminum SidngAluminum SidngAluminum SidngAluminum SidngAluminum SidngAluminum SidngAluminum SidngAluminum SidngAluminum SidngAluminum Sidng

Roof Structure:Roof Structure:Roof Structure:Roof Structure:Roof Structure: Gable/HipGable/HipGable/HipGable/HipGable/HipGable/HipGable/HipGable/HipGable/HipGable/HipGable/Hip

Roof CoverRoof CoverRoof CoverRoof CoverRoof Cover Asph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/CmpAsph/F Gls/Cmp

Interior Wall 1Interior Wall 1Interior Wall 1Interior Wall 1Interior Wall 1PlasteredPlasteredPlasteredPlasteredPlasteredPlasteredPlasteredPlasteredPlasteredPlasteredPlastered

Interior Flr 1Interior Flr 1Interior Flr 1Interior Flr 1Interior Flr 1 HardwoodHardwoodHardwoodHardwoodHardwoodHardwoodHardwoodHardwoodHardwoodHardwoodHardwood

Heat FuelHeat FuelHeat FuelHeat FuelHeat Fuel GasGasGasGasGasGasGasGasGasGasGas

Heat Type:Heat Type:Heat Type:Heat Type:Heat Type: SteamSteamSteamSteamSteamSteamSteamSteamSteamSteamSteam

AC Type:AC Type:AC Type:AC Type:AC Type: NoneNoneNoneNoneNoneNoneNoneNoneNoneNoneNone

Total Bedrooms:Total Bedrooms:Total Bedrooms:Total Bedrooms:Total Bedrooms: 0303030303030303030303

Total Bthrms:Total Bthrms:Total Bthrms:Total Bthrms:Total Bthrms: 11111111111

Total Half Baths:Total Half Baths:Total Half Baths:Total Half Baths:Total Half Baths: 00000000000

ItemItemItemItemItem ValueValueValueValueValueValueValueValueValueValueValue

Living AreaLiving AreaLiving AreaLiving AreaLiving Area 1,051 square feet1,051 square feet1,051 square feet1,051 square feet1,051 square feet1,051 square feet1,051 square feet1,051 square feet1,051 square feet1,051 square feet1,051 square feet

Year BuiltYear BuiltYear BuiltYear BuiltYear Built 19001900190019001900190019001900190019001900

DepreciationDepreciationDepreciationDepreciationDepreciation 21%21%21%21%21%21%21%21%21%21%21%

Replacement Cost Less Depreciation

Replacement Cost Less Depreciation

Replacement Cost Less Depreciation

Replacement Cost Less Depreciation

Replacement Cost Less Depreciation

65,10065,10065,10065,10065,10065,10065,10065,10065,10065,10065,100

Code DescriptionDescriptionDescriptionDescriptionDescriptionDescriptionDescriptionDescription UnitsUnitsUnits

No OutbuildingsNo OutbuildingsNo OutbuildingsNo OutbuildingsNo OutbuildingsNo OutbuildingsNo OutbuildingsNo OutbuildingsNo OutbuildingsNo OutbuildingsNo OutbuildingsNo Outbuildings

No Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building FeaturesNo Extra Building Features

Building Sketch (click here for a list of codes and descriptions)

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Subarea Summary (click here for a list of codes and descriptions) Code Description Gross Area Living Area

BAS First Floor 739 739

FEP Porch, Enclosed, Finished 48 0

FHS Half Story, Finished 520 312

FOP Porch, Open, Finished 30 0

PTO Patio 240 0

UBM Basement, Unfinished 739 0

Total 2316 1051

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34 CONANT ST

Click to enlarge MBLU : 9D/ 2266/ / / / Location: 34 CONANT ST Owner Name: Account Number:

Item Current Assessed Value FY 2012 Assessed ValueBuildings 99,300 115,100

Extra Building Features 0 0Outbuildings 3,700 3,700

Land 216,900 216,900Total: 319,900 335,700

Land Use Code Land Use Description 1010 Single Fam MDL-01Size Frontage Zone Neighborhood Assessed Value

0.16 AC 84 C 30 216,900Item ValueSTYLE Old StyleMODEL ResidentialGrade: 03Stories: 1 3/4 StoriesExterior Wall 1 Vinyl SidingRoof Structure: Gable/HipRoof Cover AsphaltInterior Wall 1 PlasteredInterior Flr 1 Pine/Soft WoodHeat Fuel GasHeat Type: Forced Air-DucAC Type: NoneTotal Bedrooms: 03Total Bthrms: 1Total Half Baths: 0Total Rooms: 5Bath Style: AverageKitchen Style: AverageItem ValueLiving Area 828 square feetYear Built 1875Depreciation 30%Replacement Cost Less Depreciation 99,300

Code Description UnitsFGR1 GARAGE-AVE 320 S.F.

Code Description UnitsNo Extra Building Features

Building Sketch (click here for a list of codes and descriptions)

Subarea Summary (click here for a list of codes and descriptions) Code Description Gross Area Living AreaBAS First Floor 504 504FQS Fin 3/4 story 432 324UBM Basement, Unfinished 432 0UST Utility, Storage 120 0 Total 1488 828

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