Home Buying in Newton>Question Details

Alex, Home Buyer in Braintree, MA

Newton North High and Property Tax

Asked by Alex, Braintree, MA Thu May 7, 2009

I am interested in Newton and Brookline, but I am worried about the Newton North High project and potential increase in property tax in the near future - anyone have insight on this issue?

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5
Michelle Lane’s answer
I would just like to clarify or expand on a couple of points.
Yes, assessed values are based on the supposed market value of a house, BUT the tax RATE or a special assessment are tools a town could use to get more tax out of homeowners. There are always other ways to get money from taxpayers - increasing rates for Water and Sewer for one.
With that said, let's face it, the taxpayers of this great country paid for this school as well. Newton got a great deal of Federal and State grants to help pay for the school. In 2007 Newton schools received about $10M in State and Federal grants just on general principle. I know they got a huge chunk for the High School when they first proposed it. Don't remember how much that was though...might have to look that up!
0 votes Thank Flag Link Wed Feb 24, 2010
Janet was right. Newton has its own reserve and the Newton North project won't cause the increase of real estate tax. In Massachusetts the assessing value of real property is dictate buy market value, so that my be the only way right now that it will happen when the market pick up again. And when the high school is finished, the real estate value in Newton may move even faster. I hope not, because we want this town to be affordable. Right?
0 votes Thank Flag Link Fri Feb 12, 2010
Plans for the new high school began many years ago and the city's capital reserve budget covers the debt service to the bond for payment of the school. This means that the construction of the school should have no impact of future tax increases and whether they happen or not. My son attends the old Newton North and I can assure you that the new school is long overdue. Good schools are partly what people are buying when they are buying in a particular town. See my web page on Newton for useful links about Newton Public Schools and more.
0 votes Thank Flag Link Tue May 12, 2009
Hi Alex,

Newton and Brookline are my specialty and I have no knowledge of the planned property tax increase. Of course, when it comes to taxes things have a tendency to change every year, so I don't know how useful it is to worry about it :)

On the other hand, it is a good thing for the neighborhood to have such a project! Of course, after the construction is over :)... I'd be thinking more about what really matters to me in a particular location and how to make it work $-wise or, if I cannot afford it, look for another location, with similar 'matters', that I can afford. I know both Newton and Brookline do not come cheap, yet there are always workable solutions or compromises that can be well worth it.
Web Reference: http://www.boc-re.com
0 votes Thank Flag Link Fri May 8, 2009
I would post this question here: http://www.greatschools.org
This is a fabulous website where you can speak directly with people who have children (or live in) the school systems so you might get better feedback.

Here is every property for sale in Newton:
http://www.territoryre.com/idx/search.html?search=true&s…

Here is every property for sale in Brookline:
http://www.territoryre.com/idx/search.html?search=true&s…
0 votes Thank Flag Link Thu May 7, 2009
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