Taxes and Utility Rates

Town of Norwood businesses are subject to real property tax, personal property tax, CPA tax, meal excise tax, utility fees, vehicle excise tax, and the room occupancy tax, if applicable. Real, personal property, CPA, and vehicle excise taxes are remitted directly to the Town. Meal excise and room occupancy excise taxes are remitted to the Commonwealth. Water/sewer, electric, and broadband fees are paid directly to the Town. This list does NOT include other state taxes Norwood businesses may be subject to in the Commonwealth of Massachusetts. Click on the following link to learn about state taxes: Commonwealth of Massachusetts Business Taxes Dashboard.

Taxes
Real and Personal Property Tax Rates

FY2024 Residential Tax Rate: $10.47 / $1,000 of assessed value
FY2024 Commercial, Industrial, & Personal Property Tax Rate: $23.92 / $1,000 of assessed value
- A corporation classified as a manufacturing corporation by the Massachusetts Department of Revenue is entitled to an exemption of all its machinery from local personal property tax.
Community Preservation Act (CPA) Tax - (Assessed Value - 100,000)* (Real Estate Tax Rate/1000) * 1% = CPA tax

Vehicle Excise Tax

Vehicle Excise Tax Rate: $25 / $1,000 of assessed value

Local Option Taxes

Meal Excise Tax - .75%
Room Occupancy (Hotel) Excise Tax- 6%

Utility Rates

Electric Rate Schedule - Norwood Municipal Light Department
Water & Sewer Rates - Town of Norwood
Internet (Commercial Customers have to Call for Rates) - Norwood Municipal Light Department
Natural Gas - Natural gas is provided to Norwood residents and businesses by National Grid. Click HERE for information about National Grid natural gas rates.