Norwell: Override tax impact greater than originally announced

Norwell selectmen met Wednesday night and announced that the proposed Proposition 2 ½ override will cost homeowners more in property taxes than first expected.

A few weeks ago, Norwell selectmen announced the property tax impact for the upcoming $2.8 million override would be $351.00 a year, for a median assessed home. However, it seems those numbers are incorrect. In fact, the tax impact is actually a whopping $340.00 more, adding up to $691.00 dollars a year.

Selectman chair John Mariano explained what happened and said, “We’ve incorrectly treated the over the levy debt in calculating the tax impact of the upcoming override. The number we’ve been using as the effect of the regular Proposition 2 ½ tax increase is $198.00. The $351.00 impact of the override that we orginally stated and that we’ve been using was calculated inaccurately, due to the excluded debt outside of the levy. It was inconsistently treated and excluded between 2012 and 2013. So therefore, the correct impact of the $2,859,875 override is $691.00 for a median assessment of $541,722.62.”

The override question will be on the ballot at the election, May 19.

 

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