Government

See How Much Property Tax Bills Will Increase for Watertown Residents Next Year

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The average Watertown residential tax bill will be going up between $160 and $285 next year, depending on the type of property. 

Tuesday night, the Town Council approved the tax rates for Fiscal Year 2019, which includes as 23 percent residential exemption for qualifying properties. They also approved a 175 percent shift from residential to CIP (commercial, industrial and personal) properties. The exemption and shift were approved at the same rate as last year. The average tax bill for homeowners who live in their homes will rise: $160 for single-family homes, $285 for condominiums and two-family homes, and $367 for three-family homes. The rate will be $12.92 per $1,000 of assessed value of properties.

Assessor

Your Tax Bill May be going DOWN; Some Councilors Wanted a Bigger Drop

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Watertown Town HallMany Watertown property owners will have some good news when they receive their tax bills – their taxes are going down! Tuesday night, the Town Council voted to adopt the recommended rates, which will have a tax rate of 13.68 per $1,000 of assessed value (see your assessed value here). That increase the average tax bill by 4.35 percent or $236. The rates, however, differ significantly depending on type of property, Watertown Assessor Francis Golden said in his Fiscal Year 2016 tax classification presentation. (See the presentation by clicking here).