Government
OP-ED: Councilor on Why Property Taxes are Rising, How They Seek to Control Them
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It is unquestioned that Watertown is going through an unprecedented level of growth and change. In this type of environment, even within the confines of Proposition 2 ½, many residents struggle to pay increasing property taxes on limited incomes. In recognition of the realities residents all over town are facing, in recognition of the current and future market increases and how such trends affect our commercial and residential classes and with the Community Preservation Act being passed by voters (to be on taxpayer bills in 2018), I offer the following to the residents of Watertown as, hopefully, a form of reassurance regarding FY17 and future tax classifications. From 1998-2016 the average tax bill in Watertown increased just over 4.0% each year. Although 4.0% is the rough average, in 10 of those years the average tax bill only increased between 2.0-4.0%.