The Fiscal Year 2018 tax rate is $13.81 for residential and $21.90 for commercial and industrial properties.
The tax rates are based on a net levy of $79,551,918. This includes the override amount of $3,137,264 approved by the voters of Milton. The third and fourth quarter bills will reflect the new tax rate and valuations that have been approved by the Department of Revenue. The total bill is calculated for the year and any prior payments (preliminary bills) are deducted and split between the third and fourth bills. The third bill will show any betterments or water and sewer liens and is known as the “actual bill”.
When calculating total taxes do not multiply the individual bills by four, quarterly amounts billed are never equal.
IMPORTANT TAX INFORMATION - PLEASE REMEMBER THAT THE TAX COLLECTOR HAS REDUCED THE TAX BILL MAILINGS FROM FOUR TO TWO. THE FIRST QUARTER BILL IS DUE AUGUST 1ST AND WILL ALSO CONTAIN THE SECOND QUARTER BILL DUE NOVEMBER 1ST. THE THIRD QUARTER TAX BILL IS DUE FEBRUARY 1 AND THE FOURTH QUARTER TAX BILL IS DUE MAY 1. ANY QUESTIONS PLEASE EMAIL OR CALL 617-898-4853.
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