Tax Impact Calculator
Calculate your tax impact for next year if the Town approves the projects below.
The Town anticipates putting forward two debt exclusions for major building projects:
- The Reading Center for Active Living (ReCAL) project involves building a new senior-focused community center on Symonds Way, with space for Town-wide recreation, and elder & veterans services. ReCAL will replace the current senior center located at the Pleasant Street Center, which was built in 1850 and last renovated in 1993.
- The Killam School Building Project is a replacement for the current Killam School, which has never been improved or renovated. It is part of the Massachusetts School Building Authority (MSBA) program, which will contribute over $44,000,000 to the cost of the new school.
You can get your assessed property value in 2 ways: 1) from your latest tax bill or 2) by visiting Patriot Property's Assessment Database for the Town of Reading by entering your street name and number in the search bar at the top of the page and clicking "Go". Click the "Parcel ID" for your property, then locate the "Current Property Assessment" section towards the middle of the page. The "Total Value" number is your property's assessed value.
FIND YOUR ASSESSED VALUE HEREProject
Type
Amount
Tax Increase
RETIRED DEBT (below here)
RMHS & Wood End School debt retired in FY24
$27.15 per $100,000
Note: this reduction was seen in your FY25 tax bill
Reading Public Library debt retiring in FY26
$16.31 per $100,000
Note: this reduction will be seen in your upcoming FY26 tax bill
TOTAL
*This number represents the debt the Town will incur after MSBA funding is applied. The project total is $130,011,783, with the MSBA contributing $44,182,227 towards the project via reimbursement.