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<br /> l 418/2009 FY 2008 FY 2009 FY 2009 FY 2010
<br /> (Actual) (Projected) (Actual) (Projected) NOJE
<br /> SOUICE80NON:PROPE`RTYTAC�FUNDS' yf}a
<br /> 1. State Aid Reimbursements 6,055,525 6,906,559 7,060,888 6,035,489 1
<br /> 2. Municipal Receipts 3,351,200 3,351,200 3,348,700 2,600,000 2
<br /> P 3. Surplus Funds("Free Cash") 2,945,483 2,945,483 1,793,906 2,129,992 3
<br /> 4. Other Available Municipal Funds 1,914,252 915,760 1,337,273 2,425,563 4
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<br /> A. TOTALJ�ION"P.",ROPER7YTAX FUNDS ; $14,266,460 $14,119,002 $13,540,767 $13,191,044 5
<br /> (Sum of Items 1-4)
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<br /> B. TOTAL BUDGET APPROPRIATIONS $47,707,873 $47,560,416 $48,407,514 $49,267,731 1
<br /> C. AMOUNftOBE'RAISED BY0'ROPERTYTAXES _ $33,441,413 $33,441,414 $34,866,747 $36,076,687 7 .
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<br /> D."TOTAL PROPERTY ASSESSMENTS $5,082,281,670 $4,830,000,000 $4,987,946,730 $4,688,670,000 8
<br /> -1.3% -5.0% -1.9%
<br /> E. PROPERTY TAX LEVY 'Q00% $7.20/$1,000 $ 99/$tOQ w $7.70/$1,000 9
<br /> jj Taxes by Year at Different Levels of Assessed Value.
<br /> I FY 06 FY 07 FY 08 FY 09 FY 10
<br /> Tax Rate $6.34 $5.84 $6.58 $6.99 $7.70
<br /> ASSESSED
<br /> VALUE Change from FY 09
<br /> $200,000`: $1,268 $1,168 $1,316 $ 1,398 $1,540 x$142
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<br /> $300,000 $1,902 $1,752 $1,974 $ 2,097 $2,310
<br /> $400,000 " $2,536 "
<br /> $2,336 " $2,632 _$ 2,796 $3,080 $284
<br /> $500,000 $3,170 $2,920 $3,290 $ 3,495 $3,850 $355
<br /> $750,000' " $4,755 $4,380 $4,935 $ 5,243 $5,7753
<br /> $1,000,000 $6,340 $5,840 $6,580 $ 6,990 $7,700110 ,
<br /> In FY 08 the average assessment on a single family home=$513,189;on a condominium=$352,758
<br /> In FY 09 the average assessment on a single family home=$496,498;on a condominium=$496,498
<br /> In the interest of full disclosure,the FinCom wanted to present the three components
<br /> of the municipal tax rate:
<br /> FY 2009
<br /> 1.Town Tax,which is based on the budget voted on at Town Meeting: $6.99
<br /> 2.Water District Tax which is based on the Water District budget and voted on $0.18 $ 1
<br /> separately from the municipal budget. Rate not set as of 3130/09.
<br /> 3.Community Preservation Act surcharge equal to 3%of the Town Tax. $0.21
<br /> In FY'10,the est'd.town tax of $7.70 x 0.03 =$0.231 =$0.24
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<br /> a Total Property Tax Rate: $7.38
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