Cost of the Five-Year Plan

Decades of artificially low taxes and bad decisions have come back to haunt the town of Wareham.

Wareham’s reputation for poor schools, high crime, and deferred maintenance has resulted in reduced property values.  We as homeowners are unable to sell or refinance our property at the same value as homeowners in neighboring towns.

Voters in 71 percent of the cities and towns in Massachusetts have decided that Proposition 2½ limits tax revenue potential beyond what they want for their towns, and have approved overrides, totaling $677 million, since 1988.

In 2007, the average single family home value in Wareham was $318,343. In 2014, it was $230,264 for a loss of nearly 30 percent.

This plan will add $1.43 per thousand of valuation, or about $325 to the average single family tax bill.

With the influx of larger commercial businesses, the tax burden has shifted to the commercial sector (from 13.5 percent in 2003 to 18.5 percent today), and new growth has provided needed funds for the town’s budget.  Commercial and industrial property will cover about $832,000 of the increase resulting from the override.

You can use the calculator on the right-hand side to estimate what your tax increase would be if the override passes. If you don't know your assessed value, you can find it at the link below.


Assessor's Online Database:
http://data.visionappraisal.com/WarehamMA/search.asp

 

 

 

Override Calculator

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