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Town Project Tax Calculators
Most large capital projects in Bridgewater are paid for over a period of time, from five to 30 years. Once voters approve, the Town takes out a loan in the form of a bond to pay for the construction and associated expenses, and then pays back the bond through annual payments of principal and interest, much like a regular mortgage.
In each of these anticipated projects, voters have the final approval through a ballot vote which, if positive, allows the Town to pay for the project through a debt-exclusion. This means taxes are raised just enough to cover the annual bond re-payment cost. Once the bond is paid off, then that additional tax payment goes away.
Simply insert your assessed property value and click the “Calculate” button. You can find your assessed property value through the Assessors Online Database by inserting your street address. If you need additional help, feel free to email TownManager@bridgewaterma.org
Approved Projects
Mitchell School
The Mitchell School demolition and rebuilding was voted in October of 2019. The Town will be responsible for an estimated $39,607,000 of the construction cost, with the state being responsible for the balance.
Original Estimated Number was $1.2 per $1000 |
Updated Number is $.69 per $1000 |
Estimated annual tax increase is: 0 |
Estimated annual tax increase is : 0 |
Anticipated Projects
To calculate the approximate annual increase in your taxes if certain anticipated projects were voted at an upcoming ballot election, we are providing this calculator. Currently, we foresee the following projects as upcoming debt-exclusion ballot questions.
A new Fire Station roughly is estimated to cost at $15,000,000 from taxpayers; to be on the ballot in 2020, 2021, or 2022
Estimated Number is $.39 per $1000 |
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Estimated annual tax increase is : 0 |
Road Improvements are roughly estimated to cost of approximately $5,500,000 from taxpayers; to be on the ballot in 2020 or 2021
Estimated Number is $.20 per $1000 |
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Estimated annual tax increase is : 0 |
Road Drainage projects at a cost of approximately $4,500,000 from taxpayers; to be voted in 2020 or 2021.
Estimated Number is $.16 per $1000 |
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Estimated annual tax increase is : 0 |