Principal Assessor Paul Plouffe. WESTFORDCAT PHOTO

Westford Selectmen Set Property Tax Rate (VIDEO INCLUDED)

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Principal Assessor Paul Plouffe. WESTFORDCAT PHOTO

Principal Assessor Paul Plouffe. WESTFORDCAT PHOTO

Selectmen, on Nov. 28, set a residential tax rate for the current fiscal year that’s 23 cents lower than in fiscal 2017.

(Scroll past the video to continue reading.)

But property taxes will still rise by an average amount of $366. That’s because the average assessed value of a single family home in Westford rose 6 percent to $520,000, up from fiscal 2017’s average assessed value of $491,000.

The residential tax rate is $16.18 per $1,000 of valuation.

Commercial properties valued under $1 million will get a 10 percent exemption on a tax rate of $16.38 per $1,000 of valuation.

The rate, said Principal Assessor Paul Plouffe, is based on a property valuation of $540.4 million for all commercial, industrial and personal properties minus $65 million which represents the total value of 239 commercial properties valued under $1 million. The system then calculates a rate from the resulting $534 million.

The town’s fiscal year runs from July 1 to June 30.