Franklin, MA Fiscal Year 2013

Tax Information
From the Board of Assessors information package
for the 11/28/12 Town Council Meeting
and the MA.Gov DOR website

Prepared by Steve Sherlock

FranklinMAtters.org/

How is the tax rate calculated ?

FY 2012 Levy Limit
Add 2.5%
Add FY 2013 New Growth
FY 2013 subtotal

$
$
$
$

54,953,598
1,373,840
844,102
57,171,540

Add Debt Exclusions

1,353,390

FY 2013 Max Levy Limit

Less excess levy capacity

$
$

58,524,930
34,997

FY 2013 Tax Levy

FY 2013 Assed Value

$
$

58,489,933
4,078,795,875

Annual Tax Rate

Prepared by Steve Sherlock - Franklin Matters

14.34%
Page 2

Franklin Tax Info: Tax Rate

14.21% at 1997

14.34% for FY 2013

16
14
12

Tax Rate

10
8

8.86% at 2007

6
4
2
0
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Year

Prepared by Steve Sherlock - Franklin Matters

Page 3

Franklin Residential Tax Info: Avg Assessed Value vs. Tax Rate
500,000

16.00

450,000

14.00

400,000
350,000

250,000

8.00

200,000

6.00

150,000
4.00
100,000
2.00

50,000
0

0.00

Year

Prepared by Steve Sherlock - Franklin Matters

Page 4

Tax Rate

10.00

300,000

19
88
19
89
19
90
19
91
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13

Avg. Assessed Value

12.00

Franklin Tax Info: Avg Tax Bill vs Tax Rate

14.34% for FY 2013

6,000

16

14.21% at 1997
14
5,000
12

8.86% at 2007

10

3,000

8
6

2,000
4
1,000
2
0

0
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Year

Prepared by Steve Sherlock - Franklin Matters

Page 5

Tax Rate

Avg Tax Bill

4,000

Residential vs. Commercial/Industrial Mix

Year

Residential

Commercial/Industrial

1999

79.43%

20.57%

2000

79.05%

20.95%

2001

79.40%

20.60%

2002

78.92%

21.08%

2003

78.58%

21.42%

2004

77.99%

22.01%

2005

78.72%

21.28%

2006

79.79%

20.21%

2007

79.97%

20.03%

2008

79.30%

20.70%

2009

78.16%

21.84%

2010

78.07%

21.93%

2011

79.41%

20.59%

2012

79.24%

20.76%

2013

78.88%

21.12%

Prepared by Steve Sherlock - Franklin Matters

Page 6

Residential vs. Commercial Industrial Mix

100%
90%
80%
70%

percent

60%
50%
40%
30%
20%
10%
0%
1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

year

Prepared by Steve Sherlock - Franklin Matters

Page 7

FY 2013 - Residential vs. Commercial/Industrial Split

21.1%

78.9%

Residential

Commercial/Industrial

Nothing new here this year. To reduce the residential rate by $1, the
commercial/industrial folks would see an increase of $4. A split tax will not do
anything to resolve Franklins problems.
A split tax will only shift a share of the pie from one group of taxpayers to
another. Franklin needs to GROW the pie!
Prepared by Steve Sherlock - Franklin Matters

Page 8

Resources
The Board of Assessors information came from
the package for the Town Council meeting
scheduled for 11/28/12
Link to Town Council agenda
The Dept of Revenue numbers came from the
MA.GOV website
MA. GOV
Dept of Revenue
Division of Local Services
Municipal Data Bank
Data Bank Reports

Prepared by Steve Sherlock - Franklin Matters

Page 9

Questions?
Feel free to contact

Steve Sherlock
Community Information Director (volunteer)
for Franklin Matters
http://franklinmatters.org/
Prepared by Steve Sherlock - Franklin Matters

Page 10