Tax Impact Calculator

Calculate your tax impact for FY 2028 (begins July 1, 2027) depending on the votes for the below questions on the November State Election ballot on November 3, 2026.

The Reading Select Board has elected to put two questions before voters this November:

FY2028 Operational Override: This represents a permanent increase in taxes that is voted on by residents. Reading residents will vote on a $6.5 million operational override on November 3, 2026. The override would support operations of both the town and public schools for Fiscal Year 2028.
Community Preservation Act: This is a Massachusetts law that permits communities to levy a small property tax surcharge to raise money for specific types of projects like open space preservation (conservation and recreation), historical preservation, and affordable housing creation and preservation. The state contributes a percentage match funded by deed registry fee. Currently, 201 of the 351 Massachusetts towns and cities have chosen to adopt the CPA.

You can enter your address below to find your assessed value
OR
If your address is not displayed you may get your assessed property value from 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.

Patriot Property's Assessment Database

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Ballot Question

Amount

Tax Increase

FY 2028 Operational Override

‍$.78 per $1,000. A Proposition 2.5 override is a Massachusetts ballot measure that allows voters to permanently raise a city or town’s property tax levy limit above the state’s standard 2.5% annual cap. This gives municipalities the authority to generate additional revenue needed to cover ongoing operating expenses and essential public services

$6,500,000

78.00

100000

Community Preservation Act

$.11 per $1,000. A dedicated Community Preservation Fund. Under Massachusetts law, it can be used for things such as parks and recreation, open space, historic preservation, and affordable/community housing. Reading would also become eligible for matching money from the statewide Community Preservation Trust Fund.

1% surcharge on residential property tax

11.00

100000

Previously Approved Debt Below (These amounts are already included in your FY2026 tax bills. Both projects are DEBT EXCLUSIONS. Once the projects are paid for, they come off the tax rolls.)

Killam School Building Project*, **

‍$.80 per $1,000. 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.

$85,829,556

80.50

100000

Reading Center for Active Living (ReCAL)*

$.29 per $1,000. 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.

$27,900,000

29.78

100000

Annual Total

*Bids for both the Killam School and Reading Center for Active Living came in under expected budget. The Town anticipates borrowing less than indicated to complete these projects based on current costs.
**The Killam amount 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.