Wicked Local
TO THE EDITOR:
It s been asserted by some recently that Weston has the highest property taxes in the state, with an average tax bill that is 38% higher than the average of nine peer towns. But is this the correct way to compare property taxes between towns?
As an analogy, a recent CNBC article looked at the Fed’s latest Survey of Consumer Finances and learned that the overall average net worth of U.S. households is $748,800. But $748,000 is not truly representative of how much wealth most everyday Americans have to their name it’s way too high. The most affluent households in the U.S. skew the numbers, resulting in an average that’s well above most people’s realities. A better indicator is the overall median net worth of U.S. households, which is $121,700.