Tax Impact Dashboard

The Town maintains a five-year Capital Improvement Plan and annually approves a Capital Budget that advances certain projects and equipment. Capital projects or equipment of higher value and/or extended longevity are typically funded with long-term financing, in most cases through the issuance of general obligation bonds.

As we consider high cost items, such as a new school building, community center or expansion to the Library, it is important to be able to estimate the impact on taxpayers. To this end, the Town developed a model that considers all factors that ultimately impact a property tax bill, developed during the discussion on the potential expansion to the Library in 2022. The model is open-sourced, meaning the user can enter their preferred assumptions and the model will calculate the impact.

Use our new dashboard to quantify the impact that a major capital project would have on a household’s taxes. As currently configured, the model includes all the higher profile projects such as a library expansion, new school, and community center, and their expected impact to the Town’s fiscal environment. The model is set to show a tax bill breakdown for a property currently assessed at $400,000. Enter the taxable assessed value of your home for a breakdown of your future tax bill with specific projects incorporated.