
By Max Colice, Elizabeth Dionne, and Dan Barry Belmont is effectively insolvent. It cannot pay its operating expenses and pension debt without one-time federal aid. Compounding this problem, Belmont’s operating expenses are rising faster than its revenue. Unless Belmont increases its revenue, the town may have to cut services drastically. Like every other town in Massachusetts, Belmont’s revenue comes mainly from property taxes. The Board of Assessors assesses each property’s value, then computes the property tax by multiplying the property value by the property tax rate. Even though Belmont’s property tax rate is relatively low, its single-family property tax bill [READ MORE]



















