While many support continued large tax increases, we might be facing a tipping point. According to IRS data, from tax years 2001 through 2011 (the latest year available), the average income of returns from ZIP code 01810 increased from $115,000 to $148,000. About a 29-percent increase.
Over the same time period, the average property tax (according to Finance Committee data) increased from $4,720 to $7,480. About a 58-percent increase.
Despite good intentions, we can’t continue to grow property taxes at twice the rate of household incomes.
109 Bellevue Road