Wellesley Public Schools: Fiscal Year 2026 Budget
Fiscal Year 2017 2018 2019 2020 2021 2022 2023
Less Abatements & Exemptions
FY Tax Collections
% of Net Tax Levy
Total Tax Levy
Net Tax Levy
$131,504,839 $135,961,598 $141,050,299 $144,896,906 $149,412,383 $155,406,896 $168,133,219 $171,767,455
$436,914 $131,067,925 $130,108,550 $431,814 $135,529,784 $134,533,542 $482,325 $140,567,974 $138,984,438 $464,738 $144,432,168 $143,428,814 $352,376 $149,060,007 $148,267,110 $643,768 $154,763,128 $153,432,940 $650,001 $167,483,218 $166,478,318 $750,446 $171,017,009 $170,503,958
99.3% 99.3% 98.9% 99.3% 99.5% 99.1% 99.4%
2024 99.7% The Town of Wellesley actively seeks the collection of taxes that is reflected in the percentage of net tax levy collections of more than 99% on a regular basis. Historically, Wellesley has had one of the highest average single-family tax bills in Massachusetts. The table below provides a brief history of the average single family tax bill in Wellesley and neighboring communities.
FY’22
FY’23
FY’24
Town
Average Tax Bill $15,568 $15,438 $16,613 $18,617 $9,157 $13,586 $14,024 $15,386 $16,889 $22,766 $15,813
Statewide Rank
Table Rank
Average Tax Bill $16,450 $15,930 $17,514 $19,373 $9,597 $14,528 $14,793 $15,958 $18,087 $23,893 $16,215
Statewide Rank
Table Rank
Average Tax Bill $17,057 $16,298 $18,502 $20,039 $10,021 $14,994 $15,642 $16,852 $18,690 $24,448 $17,043
Statewide Rank
Table Rank
Belmont Carlisle Lexington
10 11
6 7 4 2 9 8 3 1 5
9
5 8 4 2 9 7 3 1 6
9
5 8 4 2 9 7 3 1 6
12
12
6 3
6 3
7 3
Lincoln Natick
52 18 16 12
11 10
55 17 14 11
11 10
53 18 15 11
11 10
Needham Newton Wayland Wellesley Weston Winchester State Ave. 6
4 1 8
4 1
6 1
10
10
$6,724
$7,056
$7,399
Proposition 2 ½ Overrides History
With property taxes capped through Proposition 2 ½, a community may request an override from the local legislative body. In Wellesley’s case, an operating override has been requested on a few occasions over the past three decades, but not in the last six years. Approval of an override results in
the permanent increase in the tax structure. Below is a summary of the overrides and their outcome. Fiscal Year Override Amount Fiscal Year Override Amount Fiscal Year Override Amount
2026 2025 2024 2023 2022 2021 2020
TBD
2019 2018 2017 2016 2015 2014 2013
$0 $0 $0 $0 $0 $0
2012 2011 2010 2009 2008
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0 $0
$3,345,000
2007 $3,158,618 (2 Not Passed) 2006 $2,596,851 (1 Not Passed)
6 Source: Massachusetts Department of Revenue, Division of Local Services.
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