Operating costs and infrastructure projects of LCWD are funded by water bill revenue and quarterly real and personal property taxes. All Lynnfield residential and commercial property owners located within the bounds of the Lynnfield Center Water District are assessed a Water District Tax based upon the value of their property whether or not they are connected to and obtain water from the distribution system.
The District contracts the Town of Lynnfield, the Lynnfield Board of Assessors, and the Lynnfield Tax Collector to assess and collect the Water District Tax, which is listed as a separate line item on the property tax bill received from the Town of Lynnfield. The tax rate is set by the Board of Assesors based upon the total valuation of the property within the District and the appropriations approved by the voters of the District at the Annual Meeting.