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Wellesley’s #3! Oh, on property tax increases

The Boston Globe crunches the numbers on property tax increases from 2007-2013 and finds that Wellesley, with its 36.11% hike over that period, is #3 among 20 eastern Massachusetts communities ranked (Essex and Manchester are #1 and  2, respectively).

The silver lining for Wellesley residents: property values are not just holding their own, but creeping up a bit, whereas homeowners in other communities are being hit with the double whammy of rising property taxes and falling property values.

Property taxes are increasing nearly $250 this year for owners of median single-family homes ($844K).

RELATED: Wellesley Board of Assessors

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