City of Methuen Master Plan

Methuen Master Plan 2007
Figure 11: Commercial, Industrial and Personal Property Tax Rate 2006
$25
$20
$16.87
$17.95
$18.48
$19.89
$20.31
$15
$13.47 $13.59
$10
$10.26
$5
$0
Newburyport North Andover Amesbury Methuen Andover Haverhill Lowell Lawrence
Source: Mass. Department of Revenue
As a result of the split property tax rate, in 2006, tax revenue from commercial, industrial and personal
property accounted for 20.6% of the City’s total tax levy (or about $10.2 million). This proportion of
the total tax levy is the second lowest share of the City’s total tax levy since 1986 where commercial,
industrial and personal property tax levy has ranged between 20.1% and 24.7% of the total tax revenue
stream. The $10.2 million collected in commercial, industrial and personal property taxes represents an
increase of 178% ($6.6 million) since 1986 – about seven percentage points more than the amount of
residential tax levy collected over the same time period. Figure 12 shows the change in the amount of
residential and commercial, industrial and personal property tax revenue collected in Methuen since
1986.
As shown in Figure 13, at 20.6%, Methuen ranks in the middle compared to the other Merrimack Valley
communities relative to the percentage of tax levy revenue derived from commercial, industrial and
personal property, with Lawrence (30.3%), Andover (26.9%) and Lowell (23.1%) having higher
proportions.
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