Tax Rate Breakdown

The Board of Assessors are pleased to announce that the Department of Revenue (DOR) approved Upton’s FY2024 tax rate of $13.68 per $1,000 of assessed value.  This is a decrease of $0.19 per thousand over the FY2023 tax rate of $13.87.  The DOR also approved the FY2024 assessed value of the real and personal property in Upton of $1,832,686,871, a 5.17% increase over the FY2023 assessed value of $1,742,540,839.  The increase includes new growth and changes in the assessed value of existing property.

Upton has a single tax rate for all property classes.  The FY2024 assessed value of real and personal property consists of 95.07% residential, 1.50% commercial, and .82% industrial real property, and 2.61% personal property.

The FY2024 tax rate is based on the amount raised through the property tax levy to fund the FY2024 budget and other financial expenditures approved at Town Meetings.  For FY2024, this is $25,071,156 after local revenues are accounted for.

Upton property tax bills are paid quarterly (due on Aug 1st, Nov 1st, Feb 1st, May 1st).  The first two payments are considered Preliminary bills as they are due before the new tax rate and assessed value are set and are based on the FY2023 tax rate and assessed value.  The second two payments are Actual bills and are based on the actual FY2024 tax rate and assessed value.  As such, the Preliminary payments that are due on August 1st and November 1st may be greater than or less than the Actual payments that are due on February 1st and May 1st.  All payments include the 3% Community Preservation Act (CPA) surcharge voted in 2004.

The FY2024 tax rate of $13.68 also includes five previously approved debt exclusions.  The exclusions account for $.55, or 4.01%, of the $13.68 tax rate.

Tax Rate Components

Amount

Matures

Tax Rate within Prop 2 1/2 

$13.13


Debt Exclusions:



-Memorial School

     $0.16

2024

-Miscoe Hill Middle School

     $0.04

2024

-Blackstone Valley Tech

     $0.01

2025

-Third Water Source

     $0.06

2033

-Community Center

     $0.28

2024

 

If you have any questions about the tax rate, property assessment, abatements, or exemptions, contact the Assessors: by phone at 508-529-1002, or email at boa@uptonma.gov.

 

The Assessor’s office is open during Town Hall business hours.  The Board of Assessors meet regularly so please check the website for meeting dates.  Lastly, we are available by appointment.

 

If you need any information about paying the tax bill, please contact the Treasurer/Collectors office by phone at 508-529-3737 or visit the website.

Tax Rate Components

  • Tax Rate within Prop 2 1/2
    • Amount: $13.28

Debt Exclusions

  • Memorial School
    • Amount: $0.18
    • Matures: 2024
  • Miscoe Hill Middle School
    • Amount: $0.04
    • Matures: 2025
  • Blackstone Valley Tech
    • Amount: $0.01
    • Matures: 2025
  • Third Water Source
    • Amount: $0.06
    • Matures 2033
  • New Community Center
    • Amount: $0.30
    • Matures: 2047

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