The Hull Board of Selectmen unanimously voted to adopt a single tax rate, with no exemptions for residential or commercial.
Town Accountant Mike Buckley says there’s a very small commercial base in town – 95.6 percent of the tax base is residential.
“As far as the tax rate goes, the good news is the tax rate is going down. Last year it was $12.82, this year we forecast it’s going to be $12.68 per thousand,” said Buckley. “The other piece of good news is that the average value is continuing to increase. It’s gone from $472,000 to $505,000.”
Buckley says that the tax rate is in the middle for towns in Plymouth County. The total tax levy is going to increase by about $1.8 million dollars over the last fiscal year. The impacts of COVID-19 are not reflected in the current tax bills.
“These values are as of January 1, 2020. A lot has changed since then,” said Buckley. “But those changes will be reflected in the Fiscal 22 tax bills, not the Fiscal 21 bills.”
Buckley says in 300 years, the town has not voted on a residential or commercial exemption.
