Topsfield’s Tax Rate on the Rise

According to the Tri-Town Transcript, Topsfield is submitting an increased tax rate to the state; $12.02 per $1000 of assessed property − a 3.9% increase from fiscal 2007’s rate of $11.57 per $1000 of assessed property. The average single-family home in Topsfield is assessed at $583,000. Therefore, the average single-family tax bill would rise from $6,745 to $7,007, a $262 increase on their tax bill from last year. Residential properties in Topsfield make up almost 93% of the tax base in the town.

Read the entire Tri-Town Transcript article