Swampscott 2015 property tax rate drops 8%

The good news for Swampscott property owners is that the residential tax rate for FY2015 has dropped 8% from $18.70 to $17.15. The driver of the lower tax rate was a 9% increase in the average assessed value.

The bad news is that the average tax bill will increase 4%, or $352, from $8,593 to $8,945, and that Swampscott has the second highest tax rate in Essex County.

Nevertheless, the headline tax rate decrease should be of some benefit to the perception of Swampscott in 2015.

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 [email protected].
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 Affiliates LLC. Each Office Is Independently Owned and Operated

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