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The Selectmen voted to keep commercial property taxed at the maximum allowed by the state.
Under the plan, a single family home would see its tax bill go up from an average of $6,015 to $6,217. The average single-family home value has dropped about four percent, from about $549,000 to $529,000.
According to d’Ambly, the average commercial property value has increased from about $672,000 to $718,000.
Condominium values have dropped by about 2.3 percent and two-and-three-family homes by 10 to 12 percent.
Property valuations, which are based on figures from January, have shown that the town’s overall land value has increased by about $575,000, slightly less than last year’s growth of $580,000.
The town’s total property value is $4.5 billion and 96 percent of that is residential property. Commercial, industrial, personal property and open space make up the rest.
The town will collect $53.8 million in taxes this year, according to d’Ambly. This is up from $49.6 million last year. The new tax rates account for lower assessment values and a growth in the town’s overall budget, d’Ambly said.
Although the town uses a quarterly billing process for tax bills, the bills are only mailed out twice a year. The actual bills go out by Jan. 1. One payment on that bill is due Feb. 1.
To reach the data on line, go to www.townofmilton.org and then choose Town Departments, then Assessors, then Property Record Website.
The site can be directly accessed at http://milton.patriotproperties.com/default.asp?br=exp&vr=6. Patriot Properties handled the revaluation project, which is mandated by the state every three years.
The asssessors’ office may be reached at 617-898-4863.