Braintree Residential Tax Rate Compares Well to Nearby Towns

Tuesday night, the Braintree Town Council voted to endorse raising both the residential and commercial/industrial property tax rates.

According to the Boston Business Journal, Braintree's residential rate stacks up pretty well against some of its neighbors, in part due to its significant shift of the levy onto business properties.

The average residential bill will increase $80 next year under the approved change, depending on fluctuations in property value. Braintree's residential rate, will go from $10.45 per thousand this year to $11.11. 

Braintree's commercial/industrial tax rate will increase from $23.65 to $25.45. The average projected increase will be $3,672, resulting in an average bill of $44,317.

Increases for 2013 fiscal year for other towns have not all been announced, but even compared to the current year's rates for those without 2013 numbers, Braintree has a comparatively light residential tax burden.

Chilmark on Martha’s Vineyard has the lowest residential property tax rate in the state at 2.08 flat rate between commercial/industrial. Sharon has the highest residential tax rate (also with a flat split) in Massachusetts at 20.11 percent.

Everette had the highest commercial/industrial tax rate at 41.66 percent, and Chilmark also had the lowest rate in commercial/industrial at 2.08 percent.

Town

Residential Rate

Commercial/Industrial

Sharon

20.11

20.11

Quincy

13.75

28.66

Brockton

16.4

29.96

Weymouth

12.14

20.13

Braintree

11.11

25.45

Holbrook

18.21

35.13

Abington

15.36

15.36

Canton

11.91

24.23

Milton

14.35

21.99

Randolph

16.03

29.12

Hingham

11.89

11.89

For a full list of Massachusetts Tax Rates, check out the Boston Business Journal's database by clicking here.