Assessor’s Tax Presentation Has Good News for Some, Increases for Most

The preliminary report on next year’s property taxes shows an increase of more than 5 percent for homeowners, but a change in the way the commercial rate is figured will result in a smaller increase than expected for some commercial properties. Town Assessor Francis Golden will be presenting the Fiscal 2017 Property Tax Classification Hearing at the Town Council meeting on at 7:15 p.m. on Wednesday, Nov. 9. If the same residential exemption and Commercial/Industrial and Personal Property (CIP) shift is adopted, the rate will be $13.70 per $1,000 of assessed value. This would result in a bill of $5,336 on the average owner-occupied residential property (worth $547,540), which is an increase of $267 or 5.27 percent.

LETTER: Watertown Can Benefit from CPA, Like Its Neighbors Have

To the Editor:

I hope Watertown voters will vote yes on Question Five to join the 161 other Massachusetts Communities, including our abutting neighbors in Waltham, Belmont, Newton and Cambridge, that have adopted the CPA. Watertown residents have contributed over $2 million to this fund for more than the past 12 years and have helped lots of other communities. While I like these other towns and cities, and in fact I represented all or part of every one of the above listed communities in the legislature, I would like to see Watertown benefit like other communities have! In fact, the CPA has been so successful that NOT ONE community out of 161 has ever repealed it. There is a cost of approximately ten dollars per month for the average homeowner, with exemptions for low and moderate income folks, but the state provides matching fund of varying percentages thereby making it a good deal for communities.

Groups For and Against Question 5 – the CPA – Make Their Cases

The election is a week away, and the debate over whether Watertown should adopt the Community Preservation Act – the CPA – continues to rage. 

Watertown News invited the supporters and opposition of the CPA on the town ballot to state their case for why voters should vote “Yes” or “No” on Question #5. Invest in Watertown, which proposed the Ballot Question, got 1,000 words, and the two groups publicly opposing the CPA – the Concerned Watertown Homeowners and Watertown Strong Schools – each got 500 words. Read their statements by clicking the title below:
Yes on 5: Invest in Watertown Supports Passing Community Preservation Act
No on 5: Concerned Homeowners, Watertown Strong Schools Oppose CPA
Also, find out more about the details of the CPA by clicking here.