How Does Lexington's Residential Tax Rate Compare to Neighboring Communities?

The Lexington Board of Selectmen approved an FY14 residential property tax rate of $15.51 per $1,000 of assessed value earlier this month. 

But how does this compare to other communities? A reader posed that question and You Ask, Patch Answers. 

Below is a list of residential tax rates payed by residents in neighboring communities. Not all municipalities have set their FY14 rates yet and those communities will be indicated with an "FY13" marker. Most communities do not vary wildly from year to year. 

The information has been gathered from Patch sites and town web pages. 

Area community residential tax rates: 

• Woburn - $10.47 per $1,000 of assessed value. 
  
• Waltham - $13.43 per $1,000 of assessed value. 
• Lincoln - $14.41 per $1,000 of assessed value. 
• Lexington $15.51 per $1,000 of assessed value. 
• Bedford - $15.71 per $1,000 of assessed value. 
• Watertown - $15.98 per $1,000 of assessed value. 
• Medford - $12.36 per $1,000 of assessed value (FY13). 
• Belmont - $13.33 per $1,000 of assessed value (FY13). 
• Arlington - $13.61 per $1,000 of assessed value (FY13). 
• Wilmington - $13.61 per $1,000 of assessed value (FY13). 
• Concord - $14.07 per $1,000 of assessed value (FY13). 
  
• Reading - $14.94 per $1,000 of assessed value (FY13). 
  
• North Reading - $14.98 per $1,000 of assessed value (FY13). 
• Malden - $15.88 per $1,000 of assessed value (FY13).