37 MAIN STREET C 1

  • 2024 Assessed Value (adjusted for exemptions): $232,300
  • 2024 Real Estate Taxes (from tax roll): $5,791.24
  • map-platt-lot-unit: 085-001-239-3001
  • RE Class: CCONDO

Disclaimer: The following projections have been obtained based on the 8/15/2023 Debt Schedule and the 8/15/2023 Tax Levy Impact documents published by the town finance department, which was the best information available on the date they were published.

It is expected that these projections will need to be revised as final details on the debt service become available and actual operating expenses replace replace their projections.

Please defer to official town finance department projections in the event of discrepancies.

Projected Tax Bills 2024-2040

Year20242025202620272028202920302031203220332034203520362037203820392040
Approved
Rejected
Delta
Notes:
  • Based on the data in the 8/15/2023 Debt Schedule and the 8/15/2023 Tax Levy Impact documents by allocating the projected Commercial levy according to assessed value projected in the same way as for residential property.
  • No projections for tax rates or assessed values are given because there are thousands of tax rate/valuation combinations that produce the same tax bills as the ones the town chose to present.
  • For a given projected commercial levy and base year, it follows from the way projections were calculated that the tax bills are determined by three ratios measuring the growth in the total property value relative to the average growth in individual properties:
  • The three growth ratios are:
    • The ratio in full revaluation years (2025 and 2034): (1.05/1.04) or 1.00961538
    • The ratio in statistical revaluation years (2028, 2031, 2037, and 2040): (1.02/1.016) or 1.003937
    • The ratio in non-revaluation years (all others): (1.01/1.005) or 1.004975
  • There are scenarios in which property values quadruple between 2024 and 2040, and scenarios in which they fall by 80% that produce exactly the same tax bills. You can assume any growth rate for individual houses and as long as you preserve the three growth ratios the tax bills wont change.

Expenses that are the Same Regardless of the Bond Status

Notes:
  • These numbers represent the contribution to funding that expenditure from the taxes on this property.
  • They are obtained by computing commercial levy times the fraction of assessed commercial property value this property represents.
  • Long story short, your share of any expenditure is the same as your share of the assessed property value.

Expenses Paid Only When the Bond is Approved

Notes:
  • These numbers represent the contribution to funding that expenditure from the taxes on this property.
  • They are obtained by computing commercial levy times the fraction of assessed commercial property value this property represents.
  • Long story short, your share of any expenditure is the same as your share of the assessed property value.

Expenses Paid Only When the Bond is Rejected

Notes:
  • These numbers represent the contribution to funding that expenditure from the taxes on this property.
  • They are obtained by computing commercial levy times the fraction of assessed commercial property value this property represents.
  • Long story short, your share of any expenditure is the same as your share of the assessed property value.