Thursday, December 9, 2010

"No residents spoke about the tax rate"

Councilors could have shifted the burden to commercial properties by adopting a split tax rate. But, that could result in higher residential taxes next year because the values of commercial properties are dropping quicker than residential ones, said Chris Feeley, a member of the Board of Assessors.
"If in fact we had a dual tax rate last year, the residential rate would have gone up dramatically more," Feeley said. "The town by most standards does not have a big enough industrial or commercial base to warrant a dual tax rate."
Town Council Chairman Scott Mason said that was the most convincing argument to adopt a single tax rate.
Shifting the tax burden to commercial properties would also drive away businesses, especially small companies already battling increasing health insurance costs, said Jack Lank, president of the United Regional Chamber of Commerce.
"If you go with a dual tax rate, you might as well go up on 495 and put a sign that says Franklin is not business-friendly," Lank said.
Read the full article in the Milford Daily News


Franklin, MA

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