Tuesday, December 8, 2009

In the News - Bellingham split tax

 Note that the split tax rate in Bellingham was changed to increase the residential rate and help businesses. Franklin doesn't need to do this, everyone already pays the same tax rate.
Selectmen voted unanimously last night to give businesses a slight break on property taxes.

The board raised the tax burden on homeowners from 89 percent to 90 percent as it tries to find a balance between the homeowners and businesses.

With the shift, taxes for homeowners will be set at $11.92 per $1,000 assessed value, up from last year's $10.44. For the "average" Bellingham homeowner, with a home valued at $275,984, this will yield a $105 yearly tax increase, selectmen said.
Read the full article in the Milford Daily News here

No comments:

Post a Comment