ADDISON — Due to a combination of factors, the town Addison’s residential property tax rates dropped by 14.8 percent for the 2012-2013 fiscal year, while the town’s commercial property tax rate fell by 10 percent.
Addison’s new residential rate is $1.5412 per $100 of assessed value, down from $1.8084.
That decrease of almost 27 cents translates to a tax bill that is about $534 lower for an Addison home assessed at $200,000, assuming its owners are not eligible for property tax relief.
