Waltham City Council Sets 2022 Property Tax Rates

WALTHAM, MA — The Waltham City Council set the 2022 property tax rates at their Nov. 22 meeting, voting to decrease both the residential and commercial rates.

Because property values in Waltham are on the rise, with the value of the average single family home now at $639,750, a $27,279 increase from last year, Councilors were able to decrease the tax rates without compromising city programs.

Councilors set the 2022 residential tax rate at $11.14 and the commercial tax rate at $22.88 per $1,000 in assessed property value, compared to last year's residential rate of $11.32 and commercial rate of $23.08.

The 2022 residential exemption will reduce the assessed value on each Waltham residence by $242,634, a $12,184 increase from last year’s exemption of $230,450.

Although tax rates will decrease next year, property taxes will increase. This is because the increase in property values in Waltham mentioned above will impact the amount an individual property owner is required to pay.

Tax relief

Waltham has a number of tax relief programs for qualifying people with disabilities, veterans and low-income seniors.

One program is the City of Waltham's Taxation Fund Committee, which offers tax assistance by defraying the real estate taxes of low income elderly or disabled residents who meet the established guidelines.

To learn more about the eligibility requirements, visit the Senior Center at 488 Main Street or the Assessors Office at 25 Lexington St, Floor 2A, 781-314-3200.