Marblehead’s property tax rate drops a penny
While I was away in London, the property tax rate in Marblehead for 2015 was approved at $11.08, down just a penny from 2014’s $11.09.
Remember that assessed values for FY2015 (July 2014-June 2015) are based upon values in 2013, so the strong market in 2014 will be reflected in the tax rate for FY2016, when I expect to see a larger drop.
I will write a fuller report next week.
If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty
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So good to know this new tax rate, Andrew. I was as surprised as you that our propety tax in Marblehead only dropped one cent. I did expect to see more of a correction as 2013 was not that robust in sales prices. I very much appreciate all your insightful and informative blogs and will definitely look forward to hearing more about our 2015 tax sructure and how the one penny reduction was determined. Extremely helpful and thank you!