SHREWSBURY, Mass. — Taxes for residential and commercial properties in Shrewsbury will be increasing.
During a Tuesday hearing, selectmen learned that property taxes would likely increase 5 percent over last year. Property in Shrewsbury would be taxed at $11.67 per every $1,000 of valuation.
The average tax bill would increase by $178.
Tax revenue in town has increased by only 4 percent, according to Shrewsbury Principal Assessor Christopher Reidy.
The town's value has been increasing slightly since 2011. However, if it hadn't been for new growth in the past year, the town would have been worth less in 2012 than in 2011, Town Manager Daniel Morgado said.
"That is why tax rate goes up," Morgado said, referring to an overall downward trend of property values in Shrewsbury. "We need to focus on what the tax bill is, not what the tax rate is."
Selectmen agreed by consent to support a single tax rate, meaning that residential, commercial and other properties will all be taxed at the same rate.
The board will continue the hearing until Thursday at 7:30 a.m., at which point they may vote to approve it.