Friday, June 4, 2010

Frequently asked questions: "When would the impact of an override take effect in Franklin?"

When would the impact of an override take effect in Franklin?

The June 2010 override ballot question would apply to the fiscal 2011 budget. That is, the override would take effect on July 1, 2010. However, the increase in taxes would not show up until the third quarter tax bill which is mailed at the end of December and due by February 1, 2011.

What is my tax rate now and how does it compare to surrounding communities?

Franklin employs a single tax rate for both commercial property tax payers and residential property tax payers and that rate is currently 12.03 per thousand dollars of assessed property value. Fourteen of our thirty peer towns employ split, or dual property tax rates, one for residential payers and a higher rate for commercial payers. Set forth below is a chart in descending order which shows how Franklin’s $12.03 single property tax rate compares to our 15 other peer towns that employ a single property tax rate. Franklin also happens to have a lower property tax rate than most of our 14 peer towns that employ a split tax rate.



Town
2010Tax Rate
Sharon
17.92
Westborough
16.98
Holliston
16.31
Medway
16.29
Hopkinton
15.76
Chelmsford
15.15
Northborough
14.38
Medfield
14.24
Southborough
14.06
Average
13.95
Reading
13.75
Millis
13.64
Franklin
12.03
Natick
11.67
Foxborough
10.91
North Attleborough
10.44
Shrewsbury
9.68



One of a series to address frequently asked questions
http://investinfranklin.weebly.com/faq-part-1.html


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The special election on June 8th gives Franklin voters the choice:

Increase taxes to continue to provide the services we have this year (and that does not restore any of the services already cut)

Or

Continue to cut municipal services for all and cut educational opportunities for our children

I'll help to provide the information. You need to do two things:
  1. Make your choice
  2. Vote on June 8th

You get bonus points if you talk with your neighbors about this and get them to vote!

Additional information on the override can be found here:


Franklin, MA

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