Financial Indicators
Below are two tables that provide a snapshot of the financial health of the Town of Norwood. To review more in-depth financial reports, click HERE.
General Town of Norwood Financial Indicators
| Type | Year | Data Point |
| Bond Rating - S&P | FY2024 | AA+ |
| Pension System Expected Full Funding Year | FY2023 | As of FY2023, the pension system was 77% percent funded. Pension fund analysts would describe this as effectively "funded." |
| Average Single-Family Home Assessed Value | FY2023 | $603,015 |
| Average Single Family Real Estate Tax Bill | FY2023 | $6,223 |
Town of Norwood Debt: Debt Service and Total Indebtedness
| General Fund Debt Service Payments as a Percentage of Non-Utility Revenues | (FY2024 Debt Service Budget) $4,631,429/ (FY2024 Non-utility/non-debt excluded revenues) $139,212,943=3.33% |
| Town's Total Indebtedness as a Percentage of the Town's Total Equalized Valuation (EQV) | (FY2024 Total General Fund Indebtedness) $128,372,207/(EQV) $7,014,513,632 = 1.83%. |
