Fire Station Debt Exclusion - Property Tax Impact

To find the estimated impact of the proposed Proposition 2 ½ Debt Exclusion for the renovation/ reconstruction of the South Chelmsford and West Chelmsford Fire Stations for a specific property, please enter the assessed value of the property into the calculator below.   To find the Assessed Value of your property, please click on the link below to access the Assessors’ Online Database.

Vision Government Solutions (vgsi.com)

Please note the following:

• The calculator is only intended as a tool to help estimate the impact of the proposed debt exclusion.  Your property tax bill may vary depending on specific situations.
• The calculation does not include adjustments for the Community Preservation Fund (CPF) surcharge, new growth, changes in property values, or changes in tax classification.
• The calculation is based on FY2024 property values and the FY2024 Residential tax rate of $13.62/ $1,000 of value.
• The actual FY2025 property tax bills for 3^rd Quarter and 4^th Quarter will be calculated in December 2024 after the FY2025 tax rate has been approved by the Massachusetts Department of Revenue.
• Assuming the debt exclusion ballot question is approved by voters in November 2024, it is anticipated that the first year of debt service for the Fire Stations will become part of the tax levy in FY2026.

Debt Exclusion Calculator Tool

Here are some examples that show the estimated property tax impact for properties with five different assessed values:

FY2024 Average Single-Family Residential Assessed Value: $628,793

Assumptions:

FY2024 Residential Tax Rate: $13.62 per $1,000

Projected Tax Rate Impact of Debt Exclusion: $0.25 per $1,000

Projected Tax Rate with Debt Exclusion: $13.87 per $1,000