The annual Watertown property tax classification hearing and vote will be held by the City Council on Tuesday, Nov. 22, and taxes look likely to rise in Fiscal Year 2023. City Assessor Earl Smith will present the Tax Classification during the meeting, which begins at 7 p.m. The presentation can be seen by clicking here. The Watertown Board of Assessors recommends adopting the maximum shift from residential properties to CIP (commercial, industrial and personal) properties, which is 150 percent, according to the presentation. Also, the Board recommends that the Council provide a residential exemption of 33 percent, which would be three percentage points higher than Fiscal Year 2022.