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Massachusetts Department of Revenue, Division of Local Services Page 1
At A Glance Report for Norwood
Socioeconomic
County Norfolk
School Structure K-12
Form of Government General Manager
Selectmen
Representative Town Meeting
2008 Population 28,211
2010 Labor Force 15,752
2010 Unemployment Rate 8.2
1999 Per Capita Income 27,720
2008 Population Per Square Mile 2,691.89
2007 Housing Units Per Square Mile 1,139.79
2009 Road Miles 109.46
EQV Per Capita (2008 EQV/2008 Population) 174,070
Number of Registered Vehicles (January 2008) 29,557
Average Age of Vehicles (January 2008) 8.9
2008 Number of Registered Voters 19,424
Certification
Most Recent 2009
Next Scheduled 2012
Bond Ratings
Moody’s Bond Rating as of December 2009*
S & P Bond Rating as of December 2009* AA
*Blank indicates the community has not been rated by the bond agency.
Fiscal Year 2010 Estimated Cherry Sheet Aid
Education Aid 5,163,019
General Government 4,345,482
Total Receipts 9,508,501
Total Assessments 1,019,665
Net State Aid 8,488,836
Last Page Update 06/10/2010
Massachusetts Department of Revenue, Division of Local Services Page 2
At A Glance Report for Norwood
Fiscal Year 2010 Tax Classification
Tax Classification Assessed Values Tax Levy Tax Rate
Residential 3,055,932,461 28,511,850 9.33
Open Space 0 0 0.00
Commercial 893,929,084 15,554,366 17.40
Industrial 299,614,955 5,213,300 17.40
Personal Property 119,520,990 2,079,665 17.40
Total 4,368,997,490 51,359,181
Fiscal Year 2010 Revenues by Source
Percent
Revenue Source of Total
Tax Levy 51,359,181 32.52
State Aid 9,508,501 6.02
Local Receipts 89,750,126 56.83
Other Available 7,298,960 4.62
Total 157,916,768
Fiscal Year 2010 Proposition 2½ Levy Capacity
New Growth 867,001
Override 0
Debt Exclusion 842,044
Levy Limit 51,389,742
Excess Capacity 30,561
Ceiling 109,224,937
Override Capacity 58,677,239
Other Available Funds
7/1/2009 FY2009 FY2010
Free Cash Stabilization Fund Overlay Reserve
5,250,959 2,033,159 746,439
Last Page Update 06/10/2010
Massachusetts Department of Revenue, Division of Local Services Page 3
At A Glance Report for Norwood
Fiscal Year 2010 Average Single Family Tax Bill**
Number of Single Family Parcels 5,812
Assessed Value of Single Family 368,872
Average Single Family Tax Bill 3,442
State Average Single Family Tax Bill
Fiscal Year 2007 3,962
Fiscal Year 2008 4,110
Fiscal Year 2009 4,250
Norwood issues property tax bills Semi-Annually.
**For the communities granting residential exemptions, DLS does not collect enough information to calculate an average
single-family tax bill. In FY09 those communities are Barnstable, Boston, Brookline, Cambridge, Chelsea, Everett,
Malden, Marlborough, Nantucket, Somerville, Somerset, Tisbury, Waltham and Watertown. Therefore, the average
single-family tax bill information in this report will be blank.
Fiscal Year 2009 Schedule A – Actual Revenues and Expenditures
General Fund Special Capital Enterprise Trust Total All
Revenue Projects Funds Revenue Funds
Revenues 93,905,736 10,802,124 1,778,264 44,599,622 631,201 151,716,947
Expenditures 101,746,465 9,392,665 5,511,403 36,889,356 1,333,409 154,873,298
Police 6,148,011 0 0 0 0 6,148,011
Fire 5,655,813 0 0 0 0 5,655,813
Education 42,343,188 5,756,687 3,031,147 0 0 51,131,022
Public Works 20,667,536 945,937 922,958 36,889,356 0 59,425,787
General Fund 4,789,752
Debt Service 4,789,752
Health Ins 10,157,373 10,157,373
Pension 2,282,828 2,282,828
All Other 9,701,964 2,690,041 1,557,298 0 1,333,409 15,282,712
This data only represents the revenues and expenditures occurring in these funds and does not reflect any transfers to or
from other funds. Therefore, this data should not be used to calculate an ending fund balance.
Total Revenues and Expenditures Per Capita
General Fund Special Capital Enterprise Trust Total All
Revenue Projects Funds Revenue Funds
Revenues 3,328.7 382.9 63.0 1,580.9 22.4 5,377.9
Expenditures 3,606.6 332.9 195.4 1,307.6 47.3 5,489.8
If you have questions regarding the data contained in this report, please contact the Municipal
Databank/Local Aid Section at (617) 626-2384 or databank@dor.state.ma.us.
Last Page Update 06/10/2010
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