When comparing Franklin's tax burden to those of 29 other comparable communities - neighboring towns, those near the Interstate 495 belt with a high commercial/industrial base like Franklin, and those with similar populations - Franklin fares well.
"We're still, by this measure, a very efficient town. People who talk about waste and inefficiency - I don't see any evidence of it.
"How can you have waste and inefficiency if you're spending less than all your peers? There's none," said Whalen.
In 1999, the most current available census data, Franklin's median family income was $81,826, which has almost certainly increased with the influx of professionals in recent years, Whalen said.
Franklin's median home assessment for 2008 is $411,508, putting the tax burden - (a measure based on a person's income and home value) at 5.1 percent, Whalen said.
Read the full article in the Milford Daily News here
Post a Comment