There is a regular feature in the Boston Globe regional editions, called Snapshot, in which an interesting statistic is displayed on a state map so you can see how your town compares to all other towns in the state. Some of the comparisons are fascinating. With that as an inspiration, I thought I might post up a few stats here from time to time.
Rather than looking at all towns in the state, I’ve selected a quick-pick of 10 communities that: 1) are nearby, and 2) are similar in some ways to Bolton. I’ll use these same towns (on chart below) for comparison for all the data that I post over time in this series. That way, as the data accumulate we may be able to develop a richer perspective of the many factors that influence a town’s financial health and how our town compares in that light. These may or may not be the right towns to compare–they are the ones that came to mind for me–so if you have an opinion on a different selection of comps, let me know. All the data comes from the Mass DOR, reflects FY2010 unless otherwise noted, and is available here. So here is the first such post.
Residential Property Value As Percentage Of Taxed Property
This was one of the recent Globe Snapshot data sets that caught my eye, especially in light of all the discussions about increasing our commercial tax base. It shows the value of residential property as a percentage of all taxed property in a town. In other words, it shows the ratio of residential property value as compared to commercial/industrial/personal property value for each town. Here is how Bolton stacks up against the ten comp towns on my list. Turns out, we are in the middle among this group of towns: five towns have a higher percentage of residential property value in their mix than we do, and five towns have a lower residential mix than we do.