Hudson increases tax rates
By Kate Daly Assistant Editor

Hudson - The Board of Selectmen voted Dec. 3 to increase both the residential and commercial and industrial tax rates.

The residential tax rate will increase 2.69 percent to $10.03 per $1,000 of assessed value. That will mean an increase of about $97 for the average homeowner, according to Board of Assessment documents.

The commercial and industrial rate will increase 3.03 percent to $21.42.

The fiscal year (FY) 2008 value of average single-family home value is $356,788, compared with $378,844 for FY 2007, a drop of 5.8 percent, the assessment board reported. The total value of residential property dropped 5.3 percent.

Meanwhile, the commercial and industrial property value dropped 0.4 percent.

The assessment board also reported that the tax levy would be $31.6 million, up approximately $1.5 million over the current fiscal year.