Worcester's per capita income dropped while property taxes increased $431.
The total increase between 2018 - 2022 was $448 for an average of $112 per year.
This year's $431 increase does not include the CPA property tax surcharge that begins in July.
As more businesses continue to close its doors and as vocal city councilors push for more subsidized housing, Worcester will continue to become less affluent while fewer properties will be paying an ever-increasing tax levy.
Applying Worcester's average residential valuation to the state, national, and Las Vegas' tax rates, the following tax bills are:
Worcester rate of 1.43% of valuation: $4,908
State average rate of 1.12% of valuation: $3,833
National average rate of 0.99% of valuation: $3,388
Las Vegas average rate of 0.72% of valuation: $2,464
The Worcester house and Las Vegas house both sold for $268,000 in July and October 2020.
The Worcester house will have a tax bill of $4,372, which will be 15.6% higher than the state average based on that valuation, and 52.3% higher than the national average.
Your property tax bill is a percentage of the valuation of your property.
In 2021, Worcester, stated by the MA Department of Revenue, has set the average single family home valued at $268,548 with a property tax bill of $4,372, for a percentage per value tax of 1.63%.
The state average is 1.41% and the national average is 1.07%. By contrast, Las Vegas is 0.65%.
A Worcester house valued at $268,548 by the state, national, and Las Vegas tax rates are as follows:
Worcester: $4,372
Massachusetts: $3,787
National average: $2,873
Las Vegas: $1,746
Are you getting your money's worth?
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