Concord, MA: town finances
Low debt and solid savings (10% of budget); override vote unlikely, with room under the tax cap.
Budget grade
Better than 80% of MA towns · score 89 of 100
Ability to pay
Top 5% for income and property value
Shown separately; not part of the budget grade. Income per resident $101,200 (Census ACS 2020-24); property value (EQV) per resident $553,232 (DLS 2024).
Chance of an override vote
2 points on our 0-8 scale: Low 0-2, Medium 3-4, High 5+. It ranks towns; it is not a percentage.
The story in charts
Concord: the resilient exception, with $3.4M of unused taxing room and no override vote since 2006
Concord also appears in: The wealthiest big suburbs: fewer students, costlier schools, tax bills ahead of inflation
Key numbers
| Measure | Concord | Median MA town |
|---|---|---|
| Typical tax bill, FY2026 (average single-family) | $20,517 | $6,755 |
| Tax bill as a share of median household income | 10.5% | 6.4% |
| Tax bill growth per year, FY2016-26 | 4.28% | 3.95% |
| Override vote dates, last 5 years | No | 35% of towns had one |
| Savings (reserves), % of budget, FY2024-26 average | 10.5% | 7.3% |
| Debt, % of property value, FY2023-25 (voter-approved debt at half weight) | 0.78% | 0.70% |
| Debt payments inside the tax cap, % of budget | 0.5% | 1.3% |
| Unused room under the tax cap, FY2026 (% of max levy) | 2.69% | 0.34% |
| School enrollment, 5-year change | -8% | -2% |
| Students per teacher, 2025-26 | 10.6 | 11.4 |
| Median single-family sale price, 2024 | $1.6M (162 sales) | $614k |
| Single-family price change, 2019-24 | +20.9% | +52.8% |
| Median household income (Census, 2020-24) | $195,350 | $113,750 |
| Population (DLS) | 17,954 | 10,585 |
Main school district: Concord. Shaded = worse than the median town on tax bill share or enrollment. Medians are across all 351 towns with data.
Why this budget grade
Budget grade B, solid (89/100; better than 80% of MA towns): reserves averaged 10% of budget over FY2024-26 (state median 7.3%); debt 0.78% of property value with voter-approved debt at half weight (1.47% before; median 0.70%); debt payments inside the tax cap 0.5% of budget (median 1.3%). 93% of debt payments are voter-approved and paid outside the cap.
Why this chance of an override vote
Chance of an override vote: Low (2 pts): limited room under the tax cap (2.69% of max levy, +1); voter-approved debt or capital increase passed since July 2021 (+1).
Context, not scored
Teacher jobs -2.4% last year; enrollment -8% over 5 yrs; tax bill 10.5% of median income (state median 6.4%).
"pts" are points toward the chance of an override vote. Max levy is the most the town can raise without a vote under Prop 2½. See how the budget grade works.
See this town in the full data table →