New Bedford home owners to see an average tax increase of $114 in 2020

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On average, homeowners in New Bedford will see an increase of $114 in 2020. In 2019, the average homeowner saw an average increase of $220 making the increase $334 over the past two years.

On Wednesday, the New Bedford City Council voted 6-4 to lower the tax rates for both residential and commercial properties, but because the value of single-family and two-family homes is up by 5% – the average homeowner will see an increase of $114 on their tax bill for 2020.

The residential tax rate will be set $16.16 and the commercial rate will be set at $33.59 per $1,000 of valuation.
In 2019, the rates stood at $16.47 and $34.84.

About Michael Silvia

Served 20 years in the United States Air Force. Owner of New Bedford Guide.

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