The levy imposed on actual property in Acton, Massachusetts, is set yearly and expressed as a greenback quantity per $1,000 of assessed worth. This determine is utilized to the assessed worth of a property to calculate the annual tax legal responsibility. For instance, if a property is assessed at $500,000 and the levy is $10 per $1,000, the annual tax can be $5,000.
This municipal income stream is important for funding important public companies, together with faculties, public security, infrastructure upkeep, and group applications. Understanding the mechanics of this technique, its historic traits, and its affect on property house owners is essential for knowledgeable civic engagement and monetary planning. The speed’s stability or fluctuations can considerably affect the native actual property market and the general financial well being of the city.
