Franklin MA Tax Rates Remain Low…Depending on Who You Ask

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Franklin is still one of the lowest tax rates in the metrowest area.

Via Kathy Stankard (RE/MAX Executive Realty of Franklin, MA/508-369-5131):

The town of Franklin, MA has consistently maintained one of the lowest tax rates as compared to many of the surrounding metro west of Boston communities.  The FY 2010 tax rate is $12.03 per $1000 of assessed value however this is an increase from the FY 2009 rate of $11.07 per $1000.

If you were to ask a random sampling of Franklin residents what they think of the tax rates, you are sure to hear a variety of responses ranging from “it went up again” to “my assessment west down so it doesn’t matter”.  The reality is that Franklin, Massachusetts has a wealth of services, a strong school system yet we have always been taxed lower than many, many of the surrounding towns for at least the last 5-10 years.

Here is a brief comparative look at some of the surrounding towns 2010 tax rates:

Framingham   $14.52

Holliston   $16.31

Medfield   $14.24

Mendon   $12.47

Milford   $11.83

Sudbury   $16.08

Westborough   $16.98

Wrentham   $13.12

The other distinction about Franklin is that it has a single property tax rate which is more business friendly.  Most towns in this state maintain a split tax rate meaning businesses may be taxed at a much higher rate than residents.  Town Council Chairman Scott Mason explains it this way, “A single tax is more business friendly because it results in a lower property tax rate paid by businesses in towns with a single rate,” he said.  “The thing to remember, especially in a bad economy, is we want to try and help our businesses throughout this, and a split tax rate would be doing just the opposite,” he said.

A memo from Director of Assessing Kevin Doyle says single-family home owners will pay $4,435, a $137 increase for fiscal 2010. Business owners will pay $11,549, a $379 increase from last year.

Vice Chairman Stephen Whalen said the increase is slight, and Franklin’s current single property tax rate is 16.5 percent lower than the $13.37 average single rate of neighboring towns.

If you need more information on Franklin, Massachusetts, email me or give me a call at 508-369-5131.  I’d be happy to provide you the resources you are looking for…

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Kathy Stankard  of The Kelly & Colombo Group at RE/MAX Executive Realty can be reached by cell at 508-369-5131 or via RE/MAX balloonemail

Kathy has been a top producing REALTOR for the past 15 years helping buyers and sellers in the Franklin, MA and metrowest of Boston area.  Feel free to check out her website for more resources and information.

 

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About susanmorrison

After living in Walpole, MA for many years, our family was transferred to the west coast when I was a senior in high school. In 1983, I graduated from Mission San Jose High School in Fremont, California. I am also a 1987 graduate of Providence College with a major in liberal arts and a minor in business administration. I bring to the table many years of sales experience beginning with thirteen years in Corporate Sales at Delta Air Lines. I'm the mother of three children and I'm very active within the Franklin, MA community. I am also a cancer survivor and support the American Cancer Society Charities.

My husband and I have built five homes and I've lived in a variety of other locations including Toronto Canada, Irving Texas and my current home in Franklin, MA. As a result of all my moving around, I came to the conclusion that I was an expert at moving...why not become an expert on the other side of the table? I earned my real estate license in 2004 and believe that I have found my true niche'. I can empathize with my clients on a variety of levels; whether they are buying or selling. And, like so many other good realtors out there, I believe that possessing good communication skills is one of the many keys to success.

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