The property tax rate in Wellesley, set on Monday, will likely rise again, according to Chief Assessor Donna Lee McCabe, after a Department of Revenue request.
On Monday night, the Board of Selectmen voted to retain the town's single tax rate, and were presented with the tax rate for this year, which was increased from $11.48 to $11.65 per $1,000 of assessed value. That rate would have increased the tax bill for the owner of a median single family home by about $247.
But when the Department of Revenue was checking the town's numbers, said McCabe, it asked the town to increase the rate again to account for borrowing.
"It's typical that [the tax rate] can change at the last minute by a penny or two, because of how they want us to account for certain items," said McCabe. Town Meeting, said McCabe, had authorized some borrowing that the town accountant had not anticipated accounting for until next year. The Department of Revenue told the town to account for it this year.
The tax rate, said McCabe, will likely go up by about 5 or 6 pennies.
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