from the Town of Upton website
The Upton Board of Assessors received approval from the Department of Revenue (DOR) for the fiscal year 2014 tax rate of $16.95. This new rate reflects an increase of $00.23 above last year’s rate of $16.72. The reasons for the tax rate increase are a decrease in revenues and increased town and school district operating budgets.
Upton town meeting attendees approved a financial budget and articles that require more money to be raised through taxation in FY2014 than FY2013. This year the town must raise $537,649 more through taxation. The total amount of money to be raised through the tax levy as voted by the citizens of Upton during the annual and special town meetings plus debt exclusions for fiscal year 2014 is $16,228,913.
Upton tax bills are paid on a quarterly basis. The first two payments are preliminary, based on the previous year’s tax rate and value. The second two payments are based on the actual tax rate for fiscal year 2014 plus the CPA surcharge. For this reason the second two bills will not be equal to the first half of the year. The second two payments will be greater than the first two preliminary bills. The final two adjusted bills are mailed in late December. These are due in two payments: February and May.
The Upton fiscal 2014 tax rate includes seven debt exclusions. These account for $1.68 per $1,000 of property valuation within the tax rate.
Tax Breakdown
Tax rate within Proposition 2 ½ $15.27
Debt Exclusions
New School Bond (High School) $00.46
Memorial School $00.57
New Fire Station $00.27
Wastewater Treatment Plant $00.12
Stefans Property (open space) $00.12
Blackstone Valley Tech $00.02
Third Water Source $00.12
Upton has a single tax rate for all property classes. The current total assessment of all property within the town of Upton is $957,458,016. The property valuation reflects 94% residential, 2.2% commercial, 1% industrial and 2.8% personal property.
UPTON DAILY 