40 SOUTH PIERCE R

Tax history graph
  • 2024 Assessed Value (adjusted for exemptions): $338,900
  • 2024 Real Estate Taxes (from tax roll): $7,404.97
  • map-platt-lot-unit: 054-011-104-0000
  • 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$2,088.16$197.87$2,286.03$24.80$2.35$86,200$84,200ONE FAMI6864.40
1993$2,138.68$214.71$2,353.39$25.40$2.55$86,200$84,200ONE FAMI6968.11
1994$2,252.36$217.24$2,469.60$26.75$2.58$86,200$84,200ONE FAMI7037.67
1995$2,263.84$236.29$2,500.13$27.88$2.91$86,200$81,199ONE FAMI7400.87
1996$1,626.76$168.81$1,795.57$28.62$2.97$86,200$56,840ONE FAMI10811.07
1997$2,215.67$227.07$2,442.74$22.15$2.27$149,900$100,030ONE FAMI8302.09
1998$2,288.68$234.07$2,522.75$22.88$2.34$149,900$100,030ONE FAMI8414.18
1999$3,386.73$324.38$3,711.11$23.70$2.27$149,900$142,900ONE FAMI6026.55
2000$3,723.52$358.26$4,081.78$24.84$2.39$149,900$149,900ONE FAMI5839.97
2001$3,924.74$347.20$4,271.94$26.79$2.37$146,500$146,500ONE FAMI6123.15
2002$4,041.94$341.35$4,383.29$27.59$2.33$146,500$146,500ONE FAMI6256.17
2003$4,040.47$360.39$4,400.86$27.58$2.46$146,500$146,500ONE FAMI6427.37
2004$3,747.49$336.71$4,084.20$17.14$1.54$218,640$218,640ONE FAMI7511.14
2005$3,915.84$367.32$4,283.16$17.91$1.68$218,640$218,640ONE FAMI7636.62
2006$4,007.67$426.35$4,434.02$18.33$1.95$218,640$218,640ONE FAMI7860.27
2007$3,647.61$399.93$4,047.54$12.86$1.41$283,640$283,640ONE FAMI8892.05
2008$3,840.49$414.11$4,254.60$13.54$1.46$283,640$283,640ONE FAMI9129.74
2009$3,970.96$433.97$4,404.93$14.00$1.53$283,640$283,640ONE FAMI9346.65
2010$5,378.05$555.90$5,933.95$16.64$1.72$323,200$323,200ONE FAMI7087.57
2011$5,407.88$545.49$5,953.37$17.25$1.74$313,500$313,500ONE FAMI7443.50
2012$5,483.12$558.03$6,041.15$17.49$1.78$313,500$313,500ONE FAMI7338.53
2013$5,762.05$600.81$6,362.86$20.14$2.10$286,100$286,100ONE FAMI7156.89
2014$6,551.69$0.00$6,551.69$22.90$0.00$286,100$286,100ONE FAMI7363.48
2015$6,654.69$0.00$6,654.69$23.26$0.00$286,100$286,100ONE FAMI7450.08
2016$6,751.17$0.00$6,751.17$23.68$0.00$285,100$285,100ONE FAMI7618.39
2017$6,868.06$0.00$6,868.06$24.09$0.00$285,100$285,100ONE FAMI7691.93
2018$6,745.47$0.00$6,745.47$23.66$0.00$285,100$285,100ONE FAMI7717.15
2019$7,038.00$0.00$7,038.00$23.00$0.00$306,000$306,000ONE FAMI7416.37
2020$7,102.26$0.00$7,102.26$23.21$0.00$306,000$306,000ONE FAMI6336.75
2021$7,169.58$0.00$7,169.58$23.43$0.00$306,000$306,000ONE FAMI6368.70
2022$7,120.29$0.00$7,120.29$21.01$0.00$338,900$338,900ONE FAMI6496.68
2023$7,259.24$0.00$7,259.24$21.42$0.00$338,900$338,900ONE FAMI6552.36
2024$7,404.97$0.00$7,404.97$21.85$0.00$338,900$338,900ONE FAMI6588.95
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.