Rising Burlington Property Values Mean 2.3% Residential Tax Hike

BURLINGTON, MA --Burlington selectmen unanimously approved a tax plan that will increase residential property taxes by 2.3%. The tax hike means the average Burlington resident will see their property tax go to $5,071.05 next year, up $333.23 from $4,737.82 this year. The tax package approved by selectmen Monday night includes a 4.9% increase in commercial property taxes.

The Burlington Union, which first reported this story, noted while residential property makes up nearly 61.5% of the town's tax base, the town will only collect 38.7% of its property tax revenue from residential properties, with the remaining 61.3% coming from commercial properties.

The averages tax bill used to illustrate the tax increase is based on the average assessed value of a single-family home in Burlington, which is $477,500, up from $446,122 last year. So while the property tax is actually decreasing to $10.62 from $11.06 from every $1,000 of assessed value, the higher tax rate comes from increased property values.

For more on this story, see the Burlintgon Union. Subscribe to Burlington Patch for more local news and real-time alerts.

Patch file photo.

Dave Copeland can be reached at dave.copeland@patch.com or by calling 617-433-7851. Follow him on Twitter (@CopeWrites) and Facebook (/copewrites).