Council Votes to Narrow Business/Residential Tax Rate Gap
Businesses will pay 35 percent more than homeowners, down from the current 42.5 percent.
Everybody is going to pay more property taxes next year, but businesses will have less of the burden than they currently do following a decision Monday night by the City Council. The council voted 9-2 to increase property taxes by $117.18 for the average homeowner and $576.95 for the average businessowner. With the decision, businessowners will pay 35 percent more than homeowners, down from the current 42.5 percent. This is the fourth year in a row the council has reduced the gap. The dissenting votes came from Jeremy Denlea and Shannon Heagney. Denlea wanted a 40 percent difference and Heagney wanted it at 37.5 percent, which was the recommendation of City Assessor Stan Nacewicz. Prior to deciding on the tax rate, the council voted on …
Larry Rose
9:00 am on Tuesday, June 4, 2013
Let's give Bill Bowles the credit he deserves for the Registry of Motor Vehicles. more ›