Historical Data-Tax Rates-Levy-Residential Tax Exemption-FY2025-FY2015

Fiscal Year	Town Assessed Value	AV YOY %	Total Tax Levy(Res&CIP)	Tax Levy YOY %	Res Tax Rate	CIP Tax Rate	RTE %	RTE Value	RTE Amount
2025	3,829,262,880	4.8%	$ 21,949,669	6.6%	6.18	5.74	35%	$383,031	$2,367
2024	3,654,927,230	18.6%	$ 20,593,399	7.4%	5.99	5.23	30%	$312,841	$1,874
2023	3,080,431,580	24.6%	$ 19,181,679	5.2%	6.54	6.23	25%	$218,295	$1,428
2022	2,472,444,160	4.4%	$ 18,231,305	8.2%	7.73	7.37	25%	$174,978	$1,353
2021	2,367,718,390	2.1%	$ 16,848,463	2.8%	7.38	7.12	20%	$133,563	$   986
2020	2,318,522,670	2.5%	$ 16,397,503	0.6%	7.33	7.07	20%	$130,941	$   960
2019	2,262,814,040	4.5%	$ 16,296,614	4.1%	7.45	7.20	20%	$127,838	$   952
2018	2,166,275,780	2.0%	$ 15,648,890	5.6%	7.37	7.22	20%	$122,494	$   903
2017	2,123,364,060	1.9%	$ 14,821,081	5.0%	6.98	6.98
2016	2,084,200,430	2.8%	$ 14,110,037	4.9%	6.77	6.77
2015	2,028,118,100	2.2%	$ 13,446,423	5.4%	6.63	6.63

Please Note: Tax rates are per thousand dollars of value; Abbreviations: AV=Assessed Value; YOY=Year Over Year; RES=Residential; CIP=Commercial Industrial & Personal Property: RTE=Residential Tax Exemption(accepted in FY2018)

How To Calculate your Tax Bill:

Step 1:

Click here: HERE for Assessors Mapping Website

1. Search by property address:
2. Documents: Click on “Town Property Card”
3. Find Current Assessed Value (center box above photo)

Step 2:

To calculate the tax bill for the FY use the following formula:

Assessed Value/1000*Tax Rate * 3% (CPA Tax -Community Preservation Act)=Tax Bill.

If Applicable-can subtract the RTE amount to determine the final tax bill amount.

EXAMPLE:

Property with value of $1,000,000:

$1,000,000/1000*$5.99 (res tax rate)=$5,990. Multiplied by1.03 (CPA tax)=$6,170. Tax Amount.

RTE Recipients: $6,170 minus $1,930 (1,874-FY24 RTE  Value*1.03-CPA)=$4,240 Tax Amount for RTE Recipients

HERE is a link to Historical Tax Rates in Truro since FY2002.