254 SOUTH PIERCE

Tax history graph
  • 2024 Assessed Value (adjusted for exemptions): $440,600
  • 2024 Real Estate Taxes (from tax roll): $9,627.11
  • map-platt-lot-unit: 054-011-051-0000
  • RE Class: ONE FAMI

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 and utilizing the same assumptions.
  • 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 residential 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.

Tax Bill History

YearMunicipalFire DistrictTotalTax RateFD RateValuationAdjusted ValuationRE ClassDivisor
1992$1,748.40$165.68$1,914.08$24.80$2.35$70,500$70,500ONE FAMI8198.33
1993$1,790.68$179.77$1,970.45$25.40$2.55$70,500$70,499ONE FAMI8322.32
1994$1,885.88$181.89$2,067.77$26.75$2.58$70,500$70,500ONE FAMI8405.28
1995$1,965.52$205.15$2,170.67$27.88$2.91$70,500$70,499ONE FAMI8524.14
1996$2,017.71$209.38$2,227.09$28.62$2.97$70,500$70,500ONE FAMI8716.33
1997$2,988.04$306.22$3,294.26$22.15$2.27$134,900$134,900ONE FAMI6156.10
1998$3,125.41$319.64$3,445.05$22.88$2.34$136,600$136,600ONE FAMI6161.57
1999$3,237.42$310.08$3,547.50$23.70$2.27$136,600$136,600ONE FAMI6304.49
2000$3,393.14$326.47$3,719.61$24.84$2.39$136,600$136,600ONE FAMI6408.58
2001$3,659.51$323.74$3,983.25$26.79$2.37$136,600$136,600ONE FAMI6566.92
2002$3,768.79$318.28$4,087.07$27.59$2.33$136,600$136,600ONE FAMI6709.58
2003$3,720.54$331.85$4,052.39$27.58$2.46$134,900$134,900ONE FAMI6980.06
2004$4,723.78$424.42$5,148.20$17.14$1.54$275,600$275,600ONE FAMI5958.76
2005$4,936.00$463.01$5,399.01$17.91$1.68$275,600$275,600ONE FAMI6058.31
2006$5,051.75$537.42$5,589.17$18.33$1.95$275,600$275,600ONE FAMI6235.74
2007$6,726.42$737.50$7,463.92$12.86$1.41$523,050$523,050ONE FAMI4821.99
2008$7,082.10$763.65$7,845.75$13.54$1.46$523,050$523,050ONE FAMI4950.89
2009$7,322.70$800.27$8,122.97$14.00$1.53$523,050$523,050ONE FAMI5068.51
2010$6,958.85$719.30$7,678.15$16.64$1.72$418,200$418,200ONE FAMI5477.53
2011$7,213.95$727.67$7,941.62$17.25$1.74$418,200$418,200ONE FAMI5579.96
2012$7,314.32$744.40$8,058.72$17.49$1.78$418,200$418,200ONE FAMI5501.26
2013$7,240.33$754.95$7,995.28$20.14$2.10$359,500$359,500ONE FAMI5695.65
2014$8,237.13$0.00$8,237.13$22.90$0.00$359,700$359,700ONE FAMI5856.80
2015$8,366.62$0.00$8,366.62$23.26$0.00$359,700$359,700ONE FAMI5925.68
2016$8,453.76$0.00$8,453.76$23.68$0.00$357,000$357,000ONE FAMI6084.04
2017$8,600.13$0.00$8,600.13$24.09$0.00$357,000$357,000ONE FAMI6142.77
2018$8,446.62$0.00$8,446.62$23.66$0.00$357,000$357,000ONE FAMI6162.91
2019$9,121.80$0.00$9,121.80$23.00$0.00$396,600$396,600ONE FAMI5722.16
2020$9,205.09$0.00$9,205.09$23.21$0.00$396,600$396,600ONE FAMI4889.17
2021$9,292.34$0.00$9,292.34$23.43$0.00$396,600$396,600ONE FAMI4913.82
2022$9,257.01$0.00$9,257.01$21.01$0.00$440,600$440,600ONE FAMI4997.10
2023$9,437.65$0.00$9,437.65$21.42$0.00$440,600$440,600ONE FAMI5039.93
2024$9,627.11$0.00$9,627.11$21.85$0.00$440,600$440,600ONE FAMI5068.08
Notes:
  • Based on tax rolls 1992-2024 obtained via Access to Public Records requests.
  • Tax rolls are updated over time. If there is a discrepancy, refer to the current official tax roll.
  • The adjusted valuation is the assessed value that produces the actual tax bill, reduced for exemptions, at the stated tax rate.
  • Fire district taxes were obtained from tax rolls if they were present (2008,2009,2010,2012,2013).
  • Fire district taxes were computed using the fire district rate and adjusted valuation for other years. After 2013 there is no separate fire district tax.
  • The fraction of the total adjusted property value that this propertys value represents is one divided by the Divisor column.
  • Divide any town-wide expenditure by the Divisor column to get the share paid for by this property.

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 dividing the expense listed on the town exhibits by the appropriate Divisor column value.
  • 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 dividing the expense listed on the town exhibits by the appropriate Divisor column value.
  • 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 dividing the expense listed on the town exhibits by the appropriate Divisor column value.
  • Long story short, your share of any expenditure is the same as your share of the assessed property value.