AMESBURY — The city’s single family homeowners are likely to see the lowest tax increase in 20 years, according to a press release from the mayor’s office.
Property owners currently pay an $18.37 tax rate and,according to a press release from Mayor Ken Gray’s office, the rate will fall to $17.18 in 2020.
Gray said the average city homeowner is projected to see a property tax increase of under $35 this coming year, which is the lowest increase since 1999.
“This is great news for Amesbury’s taxpayers and it is a major step in the right direction,” Gray said in the release. “From 2007 to 2014, Amesbury’s tax rate was soaring on a steep rise, leaving us with the fourth-highest tax rate in the state at $20.97 when I took office(in 2014.) Since then, the trend has been reversed.”
The mayor’s projections are based on the calculations of the city’s Department of Administration and Finance which also projects the average single family tax bill will rise $34.60 this coming year.
Gray’s projections are subject to state Department of Revenue certification and City Council approval of a single tax rate.
“For the sixth straight year, Amesbury will take another successful step toward getting our property taxes under control,” Gray said. “And we’ve done it without cutting services or programs.”
According to Gray, property values are also on the rise in the city with the average value of a single-family home now at $402,729, which represents a 7.5% increase over last year.
The Administration and Finance report also indicates the city’s total excess levy capacity will increase to more than $4.9 million, the highest in its history.
Staff writer Jim Sullivan covers Amesbury and Salisbury for The Daily News. He can be reached via email at email@example.com or by phone at 978-961-3145. Follow him on Twitter @ndnsully.
Editor's note: This story corrects a reporting error in an early version.