Government
Council Approves Bigger Residential Tax Exemption, Could Raise it More if WHS Project Passes
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Watertown Town Hall
Watertown’s residential property tax rates will rise less than one percent for people whose primary residence is in Town. This was due to the growing value of commercial properties, the increase of the residential exemption, and continuing the practice of shifting the burden onto commercial, industrial and personal property (CIP). Tuesday night, the Town Council approved the property tax rates for Fiscal Year 2021, including an increase of the residential exemption from 24 to 25 percent. The rate will be $12.25 per $1,000 of assessed value, which is 11 cents or 0.98 percent higher than FY2020. Town Assessor Earl Smith said that there is still room for the residential exemption to increase up to 30 percent.







