Tax Rate Breakdown
Upton Board of Assessors announces Fiscal Year 2023 Tax rate of $13.87
The Board of Assessors is pleased to announce that the Department of Revenue (DOR) approved Upton's Fiscal Year (FY) 2023 tax rate of $13.87 per $1,000 of assessed value. This is a decrease of $2.90 per thousand over the FY2022 tax rate of $16.77. The DOR also approved the FY2023 assessed value of the real and personal property in Upton of $1,742,540,839, a 27.98% increase over the FY2022 assessed value of $1,361,562,381. The increase includes new growth and changes in the assessed value of existing property.
Upton has a single tax rate for all property classes. The FY2023 assessed value of real and personal property consists of 95.32% residential, 1.53% commercial, and.76% industrial real property, and 2.39% personal property.
The FY2023 tax rate is based on the amount raised through the property tax levy to fund the FY2023 budget and other financial expenditures approved at Town Meetings. For FY2023 this is $24,169,041.44 after local revenues are accounted for.
Upton property tax bills are paid quarterly (due on August 1st, November 1st, February 1st, May 1st). The first two payments are considered Preliminary bills as they are due before the new tax rate and assessed value are set and are based on the FY2022 tax rate and assessed value. The second two payments are Actual bills and are based on the actual FY2023 tax rate and assessed value. As such, the Preliminary payments that are due on August 1st and November 1st may be greater than or less than the Actual payments that are due on February 1st and May 1st. All payments include the CPA surcharge.
The FY2023 tax rate of $13.87 also includes one new and four previously approved debt exclusions. The exclusions account for $0.59, or 4.25%, of the $13.87 tax rate.
Tax Rate Components
Tax Rate within Prop 2 1/2: Amount, $13.28.
|Miscoe Hill Middle School||$0.04||2025|
|Blackstone Valley Tech||$0.01||2025|
|Third Water Source||$0.06||2033|
|New Community Center||$0.30||2047|
If you have any questions about the tax rate, property assessment, abatements, or exemptions, contact the Assessors: by phone at 508-529-1002, or by email.
The Assessor's office is opened during Town Hall business hours. The Board of Assessors meets regularly so please check the website for meeting dates. Lastly, we are available by appointment.
If you need any information about paying the tax bill please contact the Treasurer/Collectors office by phone at 508-529-3737 or visit the website.