News Flash! It’s not getting any cheaper to live in Wellesley, according to the latest property tax review by the Boston Business Journal.
The BBJ crunches the numbers and finds that “Wellesley has seen the largest increase in its average single-family tax bill over the past decade” among Greater Boston communities. That would be a 70% rise since 2006 to just under $14K. What’s more, Wellesley is #6 in terms of highest average bill, with Weston leading the way at $18,762.
Of course the bills are especially large in Wellesley because so many homes are so pricey, and that includes those big houses that have replaced smaller ones. So the tax rate, at $11.83 per $1,000 in assessed property values, actually isn’t as high as in many other communities, including Natick.