Average Foxborough Tax Bill To Increase $275 In Fiscal Year 2021

FOXBOROUGH, MA — Foxborough's average single-family home tax bill will increase $275 in Fiscal Year 2021, after the Board of Selectmen voted Tuesday to set the tax shift.

The residential tax rate will be $14.75 per $1,000 of assessed value, versus $18.75 for commercial properties. Both values are slight increases over Fiscal Year 2020.

The average single family home was valued at $485,876, up from $473,016 last year, while the average commercial property increased from $2.1 million to $2.12 million.

Tax bills may increase due to increasing home value, as well as the increased rate, but most of that can be attributed to increasing home values, said Hannelore Simonds, the town's chief assessor.

"The tax bills are going higher, not because of the tax rate, but because values keep climbing," Simonds said. "That makes Foxborough a good investment for residential and commercial property owners."

Tax assessments are based on Jan. 1 values, so Fiscal Year 2021 assessments will not include any impact from the coronavirus.

The selectmen were also presented with the option of using the same tax rate for both residential and commercial properties, but ultimately decided to stick with the Board of Assessor's recommendation of continuing with a split tax rate. Foxborough has used a split tax rate since 2012.

Under that plan, both residential and commercial property owners would have paid a rate of $15.62 per $1,000 of assesses value. An additional average of $421 would be added on to 2021's residential property tax bill if this were approved.