12/4/2012: FY 2013 residential taxes to increase

The Newton Board of Alderman voted last night to increase residential property taxes for 2013 by 3.69%.  This means a roughly $280 tax increase for you next year.  The increase is a result of the number of high-value residential homes in Newton, which has increased the median home value to $685,900.  The 2013 residential tax rate will be $11.49 per thousand.

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