Town Project Tax Calculator

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:

  • The Mitchell School demolition and rebuilding at a cost of approximately $46,771,887 from taxpayers (the balance of the cost will be paid by the state); to be on the ballot in October, 2019.

  • A new Fire Station at a cost of approximately $15,000,000 from taxpayers; to be on the ballot in 2020, 2021, or 2022.

  • Road Improvements at a cost of approximately $5,500,000 from taxpayers; to be on the ballot in 2020 or 2021.

  • Road Drainage projects at a cost of approximately $4,500,000 from taxpayers; to be voted in 2020 or 2021.

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

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Estimated annual tax increase is: 0
(numbers only)

Estimated annual tax increase is : 0
(numbers only)

Estimated annual tax increase is: 0
(numbers only)

Estimated annual tax increase is: 0

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.