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Calculate your Tax Implications Here
Please note: The following figures are averages (some yearly, some monthly - all indicated
as such)...They are only averages. Some year's your taxes will go up more than the amount
indicated and some years it will be substantially lower than the amount indicated. It depends on bonding times, when
reimbursement kicks in and whether you are in a year that you actually get a new tax bill. The School and Town
buildings as well as the purchase of the Powlowski Farm are all Debt Exclusions, meaning they will not be on your bill forever
and some may not begin to show up on your bill for another 5 to 10 years. Some as indicated are already in your tax
bill.
ALL OF THESE FIGURES WERE PUT TOGETHER WITH A MIND TO PROVIDE YOU WITH AS CLOSE TO AN ACTUAL FIGURE
AS POSSIBLE..WE OF COURSE CANNOT GUARANTEE THAT THESE FIGURES WILL BE TO THE PENNY, BUT THEY WILL GIVE YOU A VERY CLOSE APPROXIMATION.
PLEASE NOTE: These figures are based
on your ASSESSED value, not your market value. If you bought your home for $300,000, the ASSESSED value would be LESS!!
- Check on your tax bill, your assessed value will be listed. Or you can go to the Town website and click on your property
tax valuation.
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BES RENOVATIONS - will cause your tax bill to go up as follows:
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$1,700,000 Loan at 5% for 20 years. This is a debt exclusion and will not remain
on your tax bill after the bond is paid.
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Average Bridgewater Home $243,500 |
$200,000 Home |
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$300,000 Home |
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$400,000 Home |
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$500,000 Home |
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$1.40 |
$1.19 |
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$1.79 |
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$2.38 |
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$2.98 |
These are monthly figures, based on a home's assessed value.
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Williams Middle School Repairs - With 68% Reimbursement - will cause your tax bill to go up as follows:
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$25,000,000
Loan
at 5%
for 20 years ($8,000,000 with reimbursement). This is a debt exclusion and will
not remain on your tax bill once the bond is paid.
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$200,000 Home |
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$300,000 Home |
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$400,000 Home |
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$500,000 Home |
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$5.61 |
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$8.42 |
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$11.23 |
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$14.04 |
These are monthly figures and based on a home's assessed value
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NEW POLICE STATION - will cause your tax bill to go up as follows:
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Fire Station and
Highway Repairs
are already in
your new tax bill.
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$200,000 Home |
$300,000 Home |
$400,000 Home |
$500,000 Home |
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$2.30 |
$3.46 |
$4.61 |
$5.76 |
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THESE ARE AVERAGE Monthly FIGURES based on a 20 year loan.
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NEW REGIONAL HIGH SCHOOL will cause your tax bill to go up as follows:
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$69.1 Million cost with 68% reimbursement or
$14.8 Million loan over 25 years. This is a debt exclusion and will not remain on your tax bill once
the bond is paid.
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$200,000 Home |
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$300,000 Home |
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$400,000 Home |
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$500,000 Home |
| $7.51 |
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$11.14 |
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$15.03 |
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$18.78 |
These are monthly averages, based upon a home's assessed value
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Repairs to the Existing High School in order to prepare it to become a Middle School
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Assuming a $1.9 Million loan. This is a debt exclusion and will not remain on
your tax bill once the bond is paid.
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$200,000 Home |
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$300,000 Home |
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$400,000 Home |
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$500,000 Home |
| $1.36 |
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$2.02 |
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$2.69 |
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$3.37 |
These are MONTHLY averages based upon a Home's ASSESSED value.
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Land Purchase of Polowski Farm by TOWN OF BRIDGEWATER- Will cause your tax bill to go up as follows:
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$3.5 Million Loan
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$200,000 Home |
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$300,000 Home |
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$400,000 Home |
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$500,000 Home |
| $2.46 |
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$3.68 |
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$4.91 |
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$6.14 |
These are average monthly figures.
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TOTAL Average monthly impact, not including Police and Fire -
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SCHOOL AND LAND ONLY - NO POLICE AND FIRE CALCULATED HERE
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$200,000 Home |
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$300,000 Home |
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$400,000 Home |
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$500,000 Home |
| $18.13 |
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$27.05 |
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$36.24 |
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$45.31 |
THIS IS YOUR TOTAL ESTIMATED MONTHLY IMPACT OF ALL SCHOOL RELATED TAXES
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