New Belmont Property Tax Rate to be Released Monday

“Things as certain as Death and Taxes, can be more firmly believed,” wrote Daniel Defoe in “The Political History of the Devil.” 

Tonight, Monday, Dec. 1, the Belmont Board of Selectmen will be take on the certainty of taxes as it receives and will vote on how much residents and landowners will pay in property taxes.

The Board of Assessors will make its annual visit to the Selectmen’s Room to announce their recommendations on what is officially known as the “annual property classification/tax rate for fiscal year 2015.

A year ago this month, Belmont’s property tax rate was set at $13.50 per $1,000 of assessed property value. That was a 17 cent increase from the fiscal 2013 rate of $13.33/$1,000.

Last year’s tax rate broke a barrier in which half of Belmont property owners would pay $10,000 or more as the median Belmont residential property of $782,600 would result in a bill of $10,565.10.

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