Lenox, Massachusetts has approved a lower tax rate for next year. But taxes are still going up.
The Lenox Selectboard approved a residential tax rate of $12.14 per $1,000 of assessed value, and $14.98 for commercial property owners. That’s down 7 and 8 cents from last year, respectively.
But property values were assessed up to 2 percent higher, which means tax collection will rise. The rate for the average single-family home valued at nearly $401,000 is about $4,800 next year – or $34 more.
The town assessor calls it a “modest” rate hike.
