Canton, Massachusetts · Saved source text
Fiscal Year 2021 Annual Comprehensive Financial Report pdf file
Saved text from 133 source pages. Transcription and OCR may contain errors; verify figures and wording against the original. Retrieved 2026-10-15.
Source page 121
DIRECT PROPERTY TAX RATES
LAST TEN FISCAL YEARS
Tax Rates (1)
Commercial Personal
Fiscal Residential and Industrial Property Direct
Year Tax Rate Tax Rate Tax Rate Tax Rate
2012 $ 11.91 $ 24.23 $ 24.23 $ 14.69
2013 12.30 24.99 24.99 15.15
2014 12.87 26.53 26.53 16.08
2015 12.82 26.36 26.36 15.88
2016 12.79 26.36 26.36 15.78
2017 12.79 26.34 26.34 15.77
2018 12.42 25.86 25.86 15.58
2019 12.40 25.77 25.77 15.52
2020 12.23 25.42 25.42 15.31
2021 12.20 24.29 24.29 15.18
(1) Rates are applicable to each $1,000 of assessed value.
(2) Calculated by dividing the total tax levy by total assessed value multipied by 1,000
Source: Official Statements
Town of Canton, Massachusetts Page 113 of 125 Annual Comprehensive Financial ReportSource page 122
PRINCIPAL TAXPAYERS
CURRENT YEAR AND NINE YEARS AGO
2021 2012
Percentage of Percentage of
Total Taxable Total Taxable
Nature of Assessed Assessed Assessed Assessed
Taxpayer Business Valuation Rank Value Valuation Rank Value
Eversource (formerly NSTAR) Utility $ 102,654,630 1 1.83% $ 46,696,300 1 1.18%
Tufts Associated Health * Offices 78,699,400 2 1.41%
BAC Canton Holdings LLC (formerly
One Beacon Insurance) Offices 56,403,300 3 1.01% 36,382,900 3 0.92%
Medical Information Tech., Inc. Offices 48,480,900 4 0.87% 33,934,200 4 0.86%
PPF Industrial Manufacturing 46,633,700 5 0.83%
Boston Mutual Bldg Realty Trust Offices 37,562,850 6 0.67% 16,470,700 9 0.42%
OCW Retail Canton LLC (formerly
Canton Village Shoppes) Retail 35,389,300 7 0.63% 28,940,900 5 0.73%
Columbia Gas Utility 33,946,950 8 0.61%
Campanelli Trigate Royal Offices 33,396,900 9 0.60%
555 Tnpk 74 Owner LLC Offices 29,073,900 10 0.52%
Reebok Offices 43,291,600 2 1.09%
Chestnut Hill Realty Residential 28,416,700 6 0.72%
ComputerShare Offices 23,428,800 7 0.59%
Verizon Utility 21,337,300 8 0.54%
Casual Male Offices 16,367,100 10 0.41%
Totals $ 502,241,830 8.98% $ 295,266,500 7.47%
* Exempt from property tax in fiscal year 2022 but will be subject to a payment in lieu of taxes.
Source: Official Statements
Town of Canton, Massachusetts Page 114 of 125 Annual Comprehensive Financial ReportSource page 123
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Tax Levy Collections
Percent of
Less First Year Percent of Delinquent Total Total Tax
Fiscal Total Abatements & Net Current Net Levy Tax Tax Collections to
Year Tax Levy Exemptions Tax Levy Tax Collections Collected Collections Collections Net Tax Levy
2012 $ 58,074,485 $ 545,175 $ 57,529,310 $ 56,783,097 98.70% $ 424,995 $ 57,208,092 99.44%
2013 60,155,267 637,338 59,517,929 58,747,142 98.70% 338,628 59,085,770 99.27%
2014 62,465,167 920,724 61,544,443 61,056,268 99.21% 251,763 61,308,031 99.62%
2015 64,629,621 753,677 63,875,944 63,380,847 99.22% 341,165 63,722,012 99.76%
2016 68,196,330 729,299 67,467,031 66,960,492 99.25% 352,125 67,312,617 99.77%
2017 70,946,770 533,230 70,413,540 69,940,713 99.33% 262,970 70,203,683 99.70%
2018 73,975,682 967,591 73,008,091 72,812,949 99.73% 6,781 (1) 72,819,730 99.74%
2019 77,438,400 1,018,785 76,419,615 76,374,966 99.94% (201,577) (1) 76,173,389 99.68%
2020 80,166,862 1,018,141 79,148,721 77,780,712 98.27% 1,051,077 78,831,789 99.60%
2021 84,941,942 411,428 84,530,514 83,773,978 99.11% - 83,773,978 99.11%
(1) In 2020, the Town refunded several commercial tax collections.
Source: Accounting Records
Town of Canton, Massachusetts Page 115 of 125 Annual Comprehensive Financial ReportSource page 124
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST TEN FISCAL YEARS
Governmental Activities Business-type Activities
General Direct General Direct Total Percentage Debt
Fiscal Obligation Borrowings and Capital Obligation Borrowings and Outstanding Personal of Personal U.S Census Per
Year Bonds (1) Placements Leases Bonds (1) Placements Debt Income Income Population Capita
2012 $ 41,835,011 $ - $ 58,547 $ 23,231,805 $ 4,460,844 $ 69,586,207 $ 969,066,640 7.18% 20,159 $ 3,452
2013 40,010,850 - 25,634 24,947,875 4,212,885 69,197,244 996,466,795 6.94% 20,708 3,342
2014 31,039,890 - 13,022 25,562,439 5,618,255 62,233,606 1,049,031,660 5.93% 21,932 2,838
2015 29,331,327 335,000 104,250 24,633,842 5,141,590 59,546,009 1,084,774,372 5.49% 22,276 2,673
2016 26,426,780 321,226 84,246 22,970,109 4,661,625 54,463,986 1,107,131,165 4.92% 22,510 2,420
2017 28,000,477 307,176 63,827 23,466,201 4,178,293 56,015,974 1,125,784,923 4.98% 22,551 2,484
2018 25,868,216 292,843 42,986 21,261,941 3,691,526 51,157,512 1,156,150,065 4.42% 22,817 2,242
2019 26,215,007 278,222 21,713 19,095,011 3,201,255 48,811,208 1,205,739,311 4.05% 23,444 2,082
2020 30,693,449 263,306 - 21,056,912 2,820,709 54,834,376 1,251,711,593 4.38% 23,629 2,321
2021 26,826,930 248,091 - 19,843,867 5,104,665 52,023,553 1,289,262,941 4.04% 23,629 2,202
Source: U. S. Census, State Division of Local Services
(1) Presented net of original issuance discounts and premiums.
Town of Canton, Massachusetts Page 116 of 125 Annual Comprehensive Financial ReportSource page 125
RATIOS OF GENERAL BONDED DEBT OUTSTANDING
LAST TEN FISCAL YEARS
General Less: Percentage Debt
Fiscal Obligation Amounts Assessed of Assessed U.S Census Per
Year Bonds (1) Available (2) Total Value Value Population Capita
2012 $ 65,066,816 $ (8,540,706) $ 56,526,110 $ 3,954,593,860 1.43% 20,159 $ 2,804
2013 64,958,725 (7,260,823) 57,697,902 3,971,663,460 1.45% 20,708 2,786
2014 56,602,329 (2,860,353) 53,741,976 3,884,619,110 1.38% 21,932 2,450
2015 53,965,169 (2,499,064) 51,466,105 4,069,871,500 1.26% 22,276 2,310
2016 49,396,889 (2,125,785) 47,271,104 4,320,712,330 1.09% 22,510 2,100
2017 51,466,678 (1,740,116) 49,726,562 4,498,404,880 1.11% 22,551 2,205
2018 47,130,157 (1,341,647) 45,788,510 4,749,064,680 0.96% 22,817 2,007
2019 45,310,018 (929,952) 44,380,066 4,989,073,070 0.89% 23,444 1,893
2020 51,750,361 (504,594) 51,245,767 5,236,154,670 0.98% 23,629 2,169
2021 46,670,797 (65,119) 46,605,678 5,595,001,440 0.83% 23,629 1,972
Source: U. S. Census, State Division of Local Services
(1) General obligation bonds consist of debt of both governmental and business-type activities, net of original issuance discounts and premiums.
(2) These are restricted resources from the Massachusetts School Building Authority for debt principal on school construction.
Town of Canton, Massachusetts Page 117 of 125 Annual Comprehensive Financial ReportSource page 126
COMPUTATION OF LEGAL DEBT MARGIN
LAST TEN FISCAL YEARS
(Amounts in Thousands)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Equalized Valuation…………………………………..
$ 4,386,215 $ 4,131,231 $ 4,131,231 $ 4,083,658 $ 4,083,658 $ 4,615,563 $ 4,615,563 $ 5,111,199 $ 5,111,199 $ 5,664,785
Debt Limit…………………………..…………………. 219,311 206,562 206,562 204,183 204,183 230,778 230,778 255,560 255,560 283,239
Outstanding general obligation bonds………………. 65,067 64,959 56,602 53,965 49,397 51,467 47,130 45,310 51,750 46,671
Authorized and unissued debt…………………………. 9,305 10,144 6,547 22,881 16,695 15,992 20,072 29,086 24,704 25,932
Debt not applicable to debt limit………………………….(28,735) (30,364) (31,263) (30,212) (28,533) (28,457) (25,574) (24,193) (22,651) (22,776)
Legal debt margin…………………………………………..
$ 173,674 $ 161,823 $ 174,676 $ 157,549 $ 166,624 $ 191,776 $ 189,150 $ 205,357 $ 201,757 $ 233,412
Total debt applicable to the limit
as a percentage of debt limit…………………………………..
20.81% 21.66% 15.44% 22.84% 18.39% 16.90% 18.04% 19.64% 21.05% 17.59%
Source: State Division of Local Services, Accounting Records
Town of Canton, Massachusetts Page 118 of 125 Annual Comprehensive Financial ReportSource page 127
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF JUNE 30, 2021
Estimated
Estimated Share of
Debt Percentage Overlapping
Outstanding (a) Applicable Debt
Debt repaid with property taxes:
Norfolk County…………………………………………………….. $ 15,505,000 3.68% (b) $ 570,584
Blue Hills Regional Vocational School District……………………………………………………..
35,690,000 7.39% (c) 2,637,491
Subtotal, overlapping debt………………………………………………………………………….. 3,208,075
Town direct debt……………………………………………………………. 27,075,021
Total direct and overlapping debt…………………………………………… $ 30,283,096
(a) Outstanding debt as of May 20, 2021.
(b) Based on the Town's weighted percentage of total equalized valuation.
(c) Based on the District's enabling agreement which primarily relies on enrollment.
Source: Official Statements, Accounting Records
Town of Canton, Massachusetts Page 119 of 125 Annual Comprehensive Financial ReportSource page 128
DEMOGRAPHIC AND ECONOMIC STATISTICS
LAST TEN FISCAL YEARS
Per
Capita
Fiscal Population Personal Personal Median School Unemployment
Year Estimates Income Income Age Enrollment Rate (a)
2012 20,159 $ 969,066,640 $ 48,071 42.3 3,298 5.80%
2013 20,708 996,466,795 48,120 42.3 3,312 5.50%
2014 21,932 1,049,031,660 47,831 42.3 3,321 5.20%
2015 22,276 1,084,774,372 48,697 42.3 3,385 4.20%
2016 22,510 1,107,131,165 49,184 42.3 3,375 3.40%
2017 22,551 1,125,784,923 49,922 42.3 3,379 3.60%
2018 22,817 1,156,150,065 50,671 42.3 3,353 3.00%
2019 23,444 1,205,739,311 51,431 42.3 3,329 2.60%
2020 23,629 1,251,711,593 52,974 42.3 3,397 8.00%
2021 23,629 1,289,262,941 54,563 42.3 3,225 6.00%
(a) Full year averages except for 2021 which is for February 2021.
Source: U. S. Census, Division of Local Services, Massachusetts
Department of Elementary and Secondary Education
Median age is based on most recent census data
Town of Canton, Massachusetts Page 120 of 125 Annual Comprehensive Financial ReportSource page 129
PRINCIPAL EMPLOYERS (EXCLUDING TOWN)
CURRENT YEAR AND NINE YEARS AGO
2021 2012
Nature Percentage Percentage
of of Total Town of Total Town
Employer Business Employees Rank Employment Employees Rank Employment
Dunkin Brands, Inc. Food and Beverages 633 1 2.84% 576 4 2.84%
ComputerShare Operations Center 540 2 2.42% 830 2 4.09%
Meditech Hospital Software 504 3 2.26% 702 3 3.46%
Destination XL Group (Casual Male) Retail/Wholesale 446 4 2.00% 468 5 2.31%
FIS Global Financial Services 350 5 1.57%
Stoneridge Control Devices (Pollak) Automotive Engineering 255 6 1.14% 288 8 1.42%
Boston Mutual Inurance Insurance Sales and Service 229 7 1.03% 256 9 1.26%
Pappas Rehablitation Hospital Pediatric Hospital 220 8 0.99% 0.00%
Gray, Gray and Gray LLP Accounting 107 9 0.48%
Bank of Canton Banking 104 10 0.47%
Reebok International Footwear 1,124 1 5.54%
One Beacon Insurance Insurance Sales and Service 435 6 2.15%
Organogenesis Regenerative Medicine 291 7 1.44%
Tower Group Companies Insurance 200 10 0.99%
Totals 3,388 15.18% 5,170 24.51%
Source: Official Statements
Town of Canton, Massachusetts Page 121 of 125 Annual Comprehensive Financial ReportSource page 130
FULL-TIME EQUIVALENT TOWN EMPLOYEES BY FUNCTION
LAST TEN FISCAL YEARS
Function 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
General government…………………………………………………………….
27 27 26 26 24 27 26 27 32 37
Public safety…………………………………………….. 104 104 103 99 101 103 103 105 108 108
Education…………………………………………………… 416 423 440 426 443 474 503 483 483 483
Public works……………………………………………………………..
43 43 46 43 43 42 43 46 46 46
Health and human services…………………………………………………………..
9 9 9 9 10 9 10 11 11 11
Culture and recreation…………………………………………………
22 22 23 24 22 24 24 24 24 24
Total Town employees…………….…………………...……..
621 628 647 627 643 679 709 696 704 709
Source: Town personnel records
Town of Canton, Massachusetts Page 122 of 125 Annual Comprehensive Financial ReportSource page 131
OPERATING INDICATORS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Function 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
General Government:
Population…………………………………….. 20,159 20,708 20,853 20,717 20,878 21,443 20,985 21,429 21,618 21,949
Registered voters…………………………………….. 12,529 14,241 14,467 14,734 14,984 15,694 15,877 16,482 16,247 17,589
Public Safety:
Police
Criminal offenses……………………………………………… 554 909 464 384 945 1,076 862 657 615 961
Fire
Fire calls……………………………………………….. 1,391 1,242 1,500 1,800 1,683 1,638 2,013 1,929 1,556 1,708
Ambulance calls………………………………………… 2,367 2,250 2,600 2,100 2,525 2,457 2,278 2,371 2,354 2,678
Permits issued………………………………………………. 1,218 949 1,380 1,005 745 857 976 725 658 866
Building Department
Building permits issued…………………………………. 860 905 894 1,132 1,514 1,271 1,093 1,196 1,093 1,649
Other permits issued…………………………………. 1,536 1,670 2,062 2,030 1,885 1,951 1,753 1,712 1,506 1,599
Education:
Number of students…………………………………. 3,252 3,262 3,338 3,427 3,378 3,379 3,353 3,329 3,397 3,316
Public Works:
Highway
Roads paved (miles)……………………………………………… 3.9 0.8 1.7 3.6 2.5 3.1 4.2 3.4 3.0 2.2
Water
Water mains installed (miles)…………………………… 0.0 1.8 2.0 0.0 0.0 2.5 0.0 0.0 0.0 3.1
Sewer
Sanitary sewers installed (miles)……………………………0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Health and Human Services:
Board of Health
Inspections and complaint investigations……… 520 661 680 673 652 925 760 714 500 400
Permits issued……………………………………………….. 636 645 647 641 644 644 652 575 329 336
Council on Aging
Bus trips………………………………………….. 9,550 9,825 8,500 7,863 8,200 10,180 8,830 11,369 8,029 3,000
Culture and Recreation:
Libaries
Circulation……………………………………………. 308,552 315,297 294,718 301,191 269,045 287,981 258,961 168,304 220,831 201,383
Children's programs held……………………………………………. 349 132 132 132 241 197 328 53 257 644
Children's programs attendance…………………………………………….
4,673 3,550 3,004 3,004 3,985 3,898 6,935 1,345 6,393 88,161
Recreation
Swimming pool attendance…………………………………………….
(1) 8,000 9,600 9,426 4,446 6,056 5,107 4,778 4,994 - 7,568
Playground program participants…………………………………………….
1,509 1,400 812 1,008 1,294 1,090 1,016 768 580 600
(1) Pool was closed for major renovations in fiscal year 2020.
N/A - Information not available
Source: Various Town Departments and State websites.
Town of Canton, Massachusetts Page 123 of 125 Annual Comprehensive Financial ReportSource page 132
CAPITAL ASSET STATISTICS BY FUNCTION/PROGRAM
LAST TEN FISCAL YEARS
Function 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
General Government:
Number of buildings……………………………….. 1 1 1 1 1 1 1 1 1 1
Public Safety:
Police
Number of stations……………………………. 1 1 1 1 1 1 1 1 1 1
Fire
Number of stations……………………………. 2 2 2 2 2 2 2 2 2 2
Education:
Number of elementary schools…………………………………….
3 3 3 3 3 3 3 3 3 3
Number of middle schools……………………………………. 1 1 1 1 1 1 1 1 1 1
Number of high schools……………………………………….. 1 1 1 1 1 1 1 1 1 1
Public Works:
Road miles………………………………………. 112 112 112 112 112 112 112 112 112 112
Water main (miles)…………………………………………. 123 123 123 123 123 123 123 123 123 123
Sanitary sewers (miles)…………………………………………. 82 82 82 82 82 82 82 82 82 82
Number of water towers…………………….. 5 5 5 5 5 5 5 5 5 5
Number of water treatment plants…………………….. 1 2 2 2 2 2 2 2 2 2
Health and Human Services:
Number of senior centers…………………….. - - - - 1 1 1 1 1 1
Culture and Recreation:
Number of libraries……………………………………………
1 1 1 1 1 1 1 1 1 1
Number of pools………………………………….. 1 1 1 1 1 1 1 1 1 1
Number of skating rinks……………………(1) 1 1 1 1 - - - - - 1
(1) Skating rink was closed from 2015 to 2020 due to damage from major weather event.
N/A - Information not available
Source: Various Town Departments and State websites.
Town of Canton, Massachusetts Page 124 of 125 Annual Comprehensive Financial ReportSource page 133
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