Danvers Tax Rate Increases for Residents

The Danvers Herald reported that residential tax rates will increase from 10.19 to 10.42%. According to a report by Chief Assessor Marlene Locke, average single-family homes have decreased in value by 6.5%, so individual’s property taxes should not change significantly.

Business rates will decrease from 1.42 to 1.36% and the commercial tax rate decreased from 16.74 to 16.03%. Unlike residential property values, commercial property values remained the same this year, said Locke.

Read the entire Danvers Herald article