Government
Tax Outlook Better for 2-Family Homes Next Year, Single Families Likely to Rise
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Owners of two-family homes in Watertown got a nasty surprise in their tax bills this year, with the rate jumping nearly 8.5 percent, but the Chairman of the Board of Assessors said they won’t see that same increase next year. Francis Golden appeared before the Town Council for his budget hearing Thursday night and said because prices have leveled, the tax rates will remain much more stable for owners of two-families. “Two-families went through the roof in calendar 2014 but they are flat in 2015,” Golden said, meaning the tax rate should remain stable when the rates are set in the fall. Other types of residential property will have different rates, Golden said. Two-family homes that have been converted into condominiums are classified as condos, not two-families, Golden said.


