Milford Sets 2023 Tax Rates: See What You'll Pay

MILFORD, MA — For the third year in a row, Milford property owners will see lower tax rates in 2023 — but will likely see higher bills due to rising values.

The Milford Select Board before Thanksgiving set the 2023 tax rates, again electing to split the rate between residential and commercial property owners — a common maneuver in Massachusetts that shifts the tax burden onto commercial owners.

In 2023, tax rates will be $14.45 per $1,000 for residential owners and $26.45 per $1,000 for commercial owners. In 2022, those rates were $15.39 and $28.44 for residential and commercial, respectively. The 2022 rates were set slightly lower than the 2021 rates.

Property values increased across all categories in Milford over the past year, from single-family homes to industrial properties. The average single family value rose close to 12 percent to about $422,000 from $377,100 in 2022. An annual tax bill at the 2023 rate for a home of that value would be about $6,098 — almost $300 higher than in 2022. Actual tax bills will vary, however.

Condominium properties saw the biggest jump in value, rising more than 15 percent on average from $282,000 to about $325,000. The owner of a condo of average value could see their bill increase about $361.

The town's total taxable property value increased about 12 percent over the last year to $4.6 billion. That means Milford could raise more than $83 million from the tax levy. However, the 2023 levy will be about $78 million to pay for all town services, from schools to police to parks.