MANSFIELD, MA — While the property tax rate in Mansfield is going down, higher property values could mean an increase on residents' property tax bills.
Wednesday night, the selectmen approved a split rate of $14.41 per $1,000 of assessed value for residential property and and $20.58 for commercial, industrial and personal property,according to the Sun Chronicle.Last year, the rates were $15.41 and $20.58.
For a house valued at the $384,500, that would lead to a tax decrease of $12.54. Commercial property valued at $494,000 can expect to pay $526 more and a large industrial property valued at $22 million will seen an increase of $4,360.
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This year's tax calculation was based on $900,000 in new growth, the amount budgeted at the Annual Town Meeting. New growth exceeded that figure by $235,000.
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