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Town Project Tax Calculator
Most large capital projects in Bridgewater are paid for over a period of time, from five to 30 years. Once voters approve, the Town takes out a loan in the form of a bond to pay for the construction and associated expenses, and then pays back the bond through annual payments of principal and interest, much like a regular mortgage.
Usually, in each of these anticipated projects, voters have the final approval through a ballot vote which, if positive, allows the Town to pay for the project through a debt-exclusion. This means taxes are raised just enough to cover the annual bond re-payment cost. Once the bond is paid off, then that additional tax payment goes away. For the Bristol-Plymouth Regional Technical School, voters have already approved the construction of the project and must now decide whether to pay for it through a debt-exclusion vote, or through dramatic reductions in the town budget.
Simply insert your assessed property value and click the “Calculate” button. You can find your assessed property value through the Assessors Online Database by inserting your street address. If you need additional help, feel free to email TownManager@bridgewaterma.org
Approved Projects
Bristol-Plymouth Regional Technical School
In March 2022 voters approved the construction of a new Bristol-Plymouth Regional Vocational Technical School. The cost of the new school will be spread across the seven towns on the district. Bridgewater’s share will be approximately $1.2 million over the next 30 years. The number will fluctuate slightly depending upon what percentage of the school population are Bridgewater students. Unlike other Town projects, this project has already been approved by voters of the seven towns. Bridgewater residents must decide if the expense will be debt-excluded, much the same as our other major capital expenses. Without a positive debt exclusion vote, the Town would be forced to reduce services to make up the $1.2 million expense.
Estimated Number is $.31 per $1000 |
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Estimated annual tax increase is : 0 |
Anticipated Projects
To calculate the approximate annual increase in your taxes if certain anticipated projects were voted at an upcoming ballot election, we are providing this calculator. Currently, we foresee the following projects as upcoming debt-exclusion ballot questions.
Road Improvements
Road Improvements are roughly estimated to cost of approximately $5,500,000 from taxpayers, but will not be on the ballot until 2024 or 2025.
Estimated Number is $.20 per $1000 |
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Estimated annual tax increase is : 0 |
Road Drainage
Road Drainage projects at a cost of approximately $4,500,000 from taxpayers; to be voted in 2024 or 2025.
Estimated Number is $.16 per $1000 |
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Estimated annual tax increase is : 0 |