FY17 Assessment

The Town of Norwood has a quarterly tax billing schedule for real estate. The tax billing year is based on a fiscal year and not a calendar year. The fiscal year is from July 1, 2017 and ends June 30, 2018. Tax payments are due August 1st, November 1st, February 1st, and May 1st.

The first two tax bills for FY 2018 were preliminary bills, based on last year's taxes. The preliminary tax bills are approximately 51.50% of last year's taxes or 25.75% for each of the 1st & 2nd quarters. The 3rd quarter tax bill, also known as the FY18, will show the new assessment and the new tax rate for FY 2018. Please note that the FY18 assessments will be based on real estate sales during calendar year 2016.

Please note the following important point: State law requires FY 2018 tax bills to reflect ownership as of January 1, 2017. For property purchased after January 1, 2017, the new owner's name will appear on the FY 2019 1st Quarter Tax Bill issued July 1, 2018.

The FY 2018 Tax Rates:

Residential Class..........$11.09
Commercial, Industrial, and Personal Property..........$22.47