During last week’s City Council meeting, residents learned what they can expect when their tax bills arrive this year.
Aldermen approved Chief Assessor Andrew Creen’s proposal to split the tax rate in the same way it is currently divided between commercial, industrial and residential taxpayers.
As a result, the average tax bill for Woburn homeowners will be $10.47 per $1,000. That total is up seven cents from last year when the average bill was $10.40 per $1,000. The average tax value in the city will be approximately $3,500.
Business owners, meanwhile, will see a more significant spike as the commercial value will rise close to 50 cents up to $27.48 per each $1,000 of valuation.
Resident Paul Meany, well known in the business community and a former member of the Woburn Business Association, spoke in favor of the approved tax rate during last week’s meeting.
“This is good for the community,” said Meaney. “Because of the businesses in this community, that is why I have a good tax rate. I commend you and the Board of Assessors for the work they do to keep this city affordable.”