UPDATED Nov. 25: The Select Board has unanimously approved an $11.21 tax rate for 2023, a decrease from last year’s $11.42 rate. The vote was 4-0 (Diane Mahon absent.)
The town is also not shifting any water-and-sewer debt onto the real estate tax this year.
The state Department of Revenue still must approve the tax rate.
To download the full tax rate report, click here >>
“As property values go up, the tax rates go down, and property values are going up rapidly,” said Director of Assessments Dana Mann. “The new average assessed value of single-family homes in Arlington is $912,385, resulting in an average tax increase of $582,” added Mann.
This new tax rate is still significantly lower than that of neighboring towns Lexington, Winchester and Belmont. That was shown in a bar graph displayed during the presentation.
Mary Winstanley-O’Connor, Board of Assessors' member, said that town property values continue to rise because the town is well managed by the Select Board, town manager and Town Meeting.
The board also unanimously approved (4-0) no residential exemption or separate tax rate for commercial, industrial and personal (CIP) property ― a single tax rate for everyone―because of the ratio of residential to commercial property in town, as Mann recommended. In Arlington, approximately 95 percent of properties are residential, and only about 5 percent are CIP.
Select Board member John Hurd said, “This is our yearly reminder of why we can’t have a split tax rate; the high residential rate makes it unfeasible. The only way to absorb the impact from overrides from Proposition 2 1/2 is to find ways for new growth, which in Arlington is only in residential.”
It’s also the Select Board’s policy to have no split in tax rates, Town Counsel Doug Heim said.
Fiscal '23 first-quarter finances on track
“We’re right where we’re supposed to be ― 25 percent in both revenues and expenditures,” said town Comptroller Ida Cody at the Nov. 7 Select Board meeting.
To download the full report, click here >>
“There are some variances on the revenue side, due to the timing of the revenue collection. For example, vehicle excise, due to the timing of revenues from the registry. We’ll see a spike in excise revenue in the spring,” added Cody.
Board member John Hurd said, “These reports help the town get a step-by-step grasp of town finances.”
“I feel the town is in good hands with this tracking,” said board member Eric Helmuth.
Alewife Brook CSO Update
The Select Board at its Nov. 7 meeting acknowledged receiving correspondence about recent progress made by Save the Alewife Brook and its efforts to advocate for “desperately needed improvements to the Alewife Brook.”
To see the letter submitted by Save the Alewife Brook founders Kristin Anderson and David White, download it here >>
Save the Alewife Brook is a grass-roots environmental group ― with supporters in Cambridge, Arlington, Somerville, Belmont and Medford ― that works to address flooding and water-quality problems in the Alewife Brook.
Nov. 10, 2022: Renovation plan OK'd for Veterans Memorial Park
This news summary by YourArlington freelance writer Susan Gilbert was published Wednesday, Nov. 23, 2022, and updated Nov. 25, to add information from the Nov. 7 board meeting.
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