City’s tax rate drops second year in a row

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For the second year in a row, Westfield’s tax rate has dropped four cents on the dollar. For 2015, the city’s rate is 0.7698, down from last year’s 0.8075. The drop in tax rate is largely attributable to an increase in assessed valuation.

Cook
Cook

“Westfield is seeing a return on our investment in many ways,” Mayor Andy Cook said. “From lower tax rates to accolades from CNN Money Magazine and Family Circle, we are positioning ourselves to be one of Indiana’s most attractive communities.”

In 2013, CNN Money Magazine named Westfield as the number one best place to live in Indiana, and the 18th best place to live in the United States. Last year, Family Circle magazine listed Westfield as one of the best places to raise a family.

“Our AV is growing because more and more families are looking for communities that have a high quality of life, safe streets and great schools,” Cook said. “Westfield has all of that and more. I’m excited to see our community grow and welcome people from all over the world who want to call Westfield home.”

 

2013 2014 2015
Tax rate 0.8424 0.8075 0.7698
Net AV 1,711,602,778.00 1,765,628,544.00 1,895,617,899.00
Gross AV 2,797,165,600.00 2,892,085,700.00 3,120,372,600.00
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