March 28, 2024

Seekonk Tax Rates Will Increase

Posted

Seekonk residents will be paying higher taxes next year after the Board of Selectmen approved a full shift at their November 16 meeting.

According to the Board of Assessors, FY’ 2023 total residential values increased at 12.1 percent from last year while commercial values decreased by .2 percent.

New Growth increased 28.1 percent.

The maximum commercial, industrial and personal property (CIP) shift for the Town of Seekonk for Fiscal 2023 is 1.75 or a residential factor of .8034, as defined by the Department of Revenue.

Current Residential Tax Rate is $13.34. The Current Commercial, Industrial Rate is $29.50. The Current Personal Property Rate is $29.43.

For a resident whose home is valued at $439,383, they will see an increase of $525 annually. Someone whose home is valued at $831,000 will see a $995 increase.

The news wasn’t all bad: Commercial Property valued at $ 1,081,200 will see a decrease of $380.


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