Franklin Matters: tax rate

Showing posts with label tax rate. Show all posts

Monday, August 28, 2023

Talking Property Tax Data Insights with Max Morrongiello - 08/10/23 (audio)

FM #1049 = This is the Franklin Matters radio show, number 1049 in the series.

This session of the radio show shares some Mass Property Tax Data Insights as analyzed by Max Morrongiello. We had our conversation in the Franklin TV studio on Thursday, August 10, 2023.

Max shares some insights from the linear regression analysis he performed with the available data from the US Census and Mass Dept of Revenue among other resources.

For example, Franklin property tax bills are about 4% less than the linear regression analysis would predict them to be.

The recording runs about 28 minutes. Let’s listen to my conversation with Max on Thursday, August 10, 2023

Audio file -> https://franklin-ma-matters.captivate.fm/episode/fm-1049-property-tax-data-insights-08-10-23

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Policy Brief on per pupil spending

https://drive.google.com/file/d/1LP5fI1Gm0NKkUuAYaWTKF2HSadjfinNY/view?usp=drive_link

Are Franklin’s taxes low?

https://drive.google.com/file/d/1LJHukt7tGB3-dTLWyX5NoIJE8J8jZib3/view?usp=drive_link

Data files used for the analysis

Microsoft Excel format ->

https://docs.google.com/spreadsheets/d/1uQE3e2_4RSj3zZRQ-9p7biDI-3Kk6E6d/edit?usp=drive_link&ouid=101938843903614700481&rtpof=true&sd=true

Comma Separated Value format (CSV)

https://drive.google.com/file/d/1E90EFjLb0GkMrAFy75zXR7wqHHh5XgTV/view?usp=drive_link

Info on JASP -> https://en.wikipedia.org/wiki/JASP and https://jasp-stats.org/jasp-materials/

Max’s LinkedIn profile -> https://www.linkedin.com/in/maxmorrongiello/

And specifically on metrics and statistical analysis -> Maxwell Metrics: Policy Analytics & Consulting

You can contact Max via email -> Max.Morrongiello @ gmail dot com

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We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.

This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.

How can you help?

If you can use the information that you find here, please tell your friends and neighbors
If you don't like something here, please let me know

Through this feedback loop we can continue to make improvements. I thank you for listening.

For additional information, please visit Franklinmatters.org/ or www.franklin.news/

If you have questions or comments you can reach me directly at shersteve @ gmail dot com

The music for the intro and exit was provided by Michael Clark and the group "East of Shirley" . The piece is titled "Ernesto, manana" c. Michael Clark & Tintype Tunes, 2008 and used with their permission.

I hope you enjoy!

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You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"

Talking Property Tax Data Insights with Max Morrongiello - 08/10/23 (audio)

Sunday, December 4, 2022

This Town Council "Quarterbacking" session condenses the 11/30/22 meeting to about 28 minutes (audio)

FM #891 = This is the Franklin Matters radio show, number 891 in the series.

This shares my conversation with Town Council Chair Tom Mercer. This is one of a series of conversations meant to provide a recap of the prior Council meeting. Akin to one of the many sports post-game analysis broadcasts we are familiar with in New England, this would be a discussion focused on the Franklin Town Council meeting of Nov 30, 2022:

ok, what just happened?
What does it mean for Franklin residents and taxpayers?

We cover the following key topics

8. PRESENTATIONS / DISCUSSION

a. Presentation: Elks Riders Donation to Veterans’ Services Department

6. HEARINGS - 7:00 pm

a. Franklin Tax Classification Hearing

b. Resolution 22-77: Tax Classification Residential Factor

c. Resolution 22-78: Tax Classification Open Space Exemption

d. Resolution 22-79: Tax Classification Small Business Exemption

e. Resolution 22-80: Tax Classification Residential Property Exemption

f. Resolution 22-81: Tax Classification Senior Means Tested Exemption

g. Resolution 22-82: Declaration of Town-owned Property Containing “South Franklin Congregational Meeting House” Located at 762 Washington Street as Surplus and Authorization for Disposition (Sale) to Old Colony Habitat for Humanity

h. Resolution 22-83: Downtown Parking Lot Kiosks Authorization

i. Resolution 22-84: 2023 Town Council Meeting Schedule

k. Resolution 22-85: Public Property Naming & Memorial Installation Policy

Our conversation runs about 28 minutes:

Links to the meeting agenda and associated documents released for this meeting are included in the show notes.

Let’s listen to this session of Town Council Quarterbacking recorded Dec 1, 2022

Audio file -> https://franklin-ma-matters.captivate.fm/episode/fm-891-town-council-quarterbacking-12-01-22

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Meeting agenda and documents released for this session ->

https://www.franklinma.gov/sites/g/files/vyhlif6896/f/agendas/nov_30_town_council_agenda.pdf

Watch the Franklin.TV video replay on YouTube -> https://youtu.be/FXWkMcix63s

My notes in one threaded PDF document

https://drive.google.com/file/d/1uTxaQe3MXLug8od6xq5C_bqLzbDLoEjY/view?usp=share_link

My 4 key tax rate charts as discussed in this session

https://www.franklinmatters.org/2022/11/good-news-tax-rate-is-going-down.html

--------------

We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.

This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.

How can you help?

If you can use the information that you find here, please tell your friends and neighbors
If you don't like something here, please let me know

Through this feedback loop we can continue to make improvements. I thank you for listening.

For additional information, please visit Franklinmatters.org/ or www.franklin.news/

If you have questions or comments you can reach me directly at shersteve @ gmail dot com

The music for the intro and exit was provided by Michael Clark and the group "East of Shirley". The piece is titled "Ernesto, manana" c. Michael Clark & Tintype Tunes, 2008 and used with their permission.

I hope you enjoy!

------------------

You can also subscribe and listen to Franklin Matters audio on your favorite podcast app; search in "podcasts" for "Franklin Matters"

South Franklin Congregational Meeting House

Saturday, December 3, 2022

Town Council accepts Elk Riders donation, sets tax rate, approves sale of South Meeting House and more (audio)

FM #890 = This is the Franklin Matters radio show, number 890 in the series.

This session of the radio show shares the Town Council meeting held in Council Chambers on Wednesday, November 30, 2022. 7 members of the Council were present in the Council Chambers, one member remote (Pellegri) and one member absent (Dellorco), hence all votes were via roll call.

Quick summary of meeting:

Accepted donation from Elks Riders for the Veterans Services and Veterans Fund
Held the Tax Classification Public Hearing prior to approving the single rate at 12.58%. Overall residential assessments rose approx 17% resulting in the drop of the rate from 14.05 to 12.58. There were a series of votes to complete the formal process to set the rate for this Fiscal Year 2023
Approval to sell the Old South Meeting House to the Habitat for Humanity to convert to a single family affordable housing was granted by the Town Council to allow the Town Administrator to complete the paperwork and actions for the transaction
Formal approval to purchase the new kiosks to be used in the town parking lots to implement the parking bylaw changes approved in the prior meetings was granted
The Town Council approved as amended the calendar year 2023 meeting schedule. The one change was from Apr 9 to Apr 26. The document also included the Finance Committee and Community Preservation Committee proposed meeting schedules for reference. Those groups need to respectfully approve their own schedule
The policy to formally call out the process and approvals required for naming any public property was approved. It had been referenced many times that such a policy existed but when it was looked for it could not be found, hence this is now in place.

The recording runs about 1 hour and 50 minutes, so let’s listen to the Town Council meeting on November 30, 2022.

Audio file -> https://franklin-ma-matters.captivate.fm/episode/fm-890-town-council-mtg-11-30-22

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Meeting agenda and documents released for this session ->

https://www.franklinma.gov/sites/g/files/vyhlif6896/f/agendas/nov_30_town_council_agenda.pdf

Watch the Franklin.TV video replay on YouTube -> https://youtu.be/FXWkMcix63s

My notes in one threaded PDF document (one correction, on the vote for the single tax rate my notes said the no vote was cast by Chandler when it was really Sheridan. Twitter doesn’t allow for editing tweets hence this note of acknowledgment.)

https://drive.google.com/file/d/1uTxaQe3MXLug8od6xq5C_bqLzbDLoEjY/view?usp=share_link

My 4 key tax rate charts as discussed in this session

https://www.franklinmatters.org/2022/11/good-news-tax-rate-is-going-down.html

--------------

We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.

This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.

How can you help?

If you can use the information that you find here, please tell your friends and neighbors
If you don't like something here, please let me know

Through this feedback loop we can continue to make improvements. I thank you for listening.

For additional information, please visit Franklinmatters.org/ or www.franklin.news/

If you have questions or comments you can reach me directly at shersteve @ gmail dot com

The music for the intro and exit was provided by Michael Clark and the group "East of Shirley". The piece is titled "Ernesto, manana" c. Michael Clark & Tintype Tunes, 2008 and used with their permission.

I hope you enjoy!

------------------

You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"

Members of the Elks Riders presented a donation to the Veterans Fund

Thursday, December 1, 2022

Franklin Town Council meeting of Nov 30, 2022 video replay available (YouTube)

The Town Council met on Wednesday, Nov 30, 2022. One member was absent, one remote so all votes were via roll call. My full set of notes, along with the audio, will be shared in a day or so.

In the meantime, here is the Franklin TV video replay via YouTube ->

https://youtu.be/FXWkMcix63s

Meeting agenda and documents released for this session ->

https://www.franklinma.gov/sites/g/files/vyhlif6896/f/agendas/nov_30_town_council_agenda.pdf

Members of the Elks Riders presented a donation to the Veterans Fund

Wednesday, November 30, 2022

Inclusionary zoning and tax rate hearing on tap for meetings Wednesday night

Two meetings on tap for Wednesday at the Municipal Building. First up at 5:45 PM the Economic Development "Plus" subcommittee, followed by the Town Council meeting at 7 PM. I plan on reporting on both meetings. Franklin TV will be broadcasting both via cable (Verizon or Comcast), live streaming, Zoom, and YouTube. So there are multiple ways to view and/or participate in the meetings.

1 - Economic Development Agenda

1. Discussion: Zoning

a. Inclusionary Zoning Bylaw

Agenda doc and remote connection info

https://www.franklinma.gov/sites/g/files/vyhlif6896/f/agendas/2022-11-30_edc_agenda.pdf

The prior meeting started this discussion and as time ran out, the discussion resumes at this session. Catch up to the discussion before the meeting:

https://www.franklinmatters.org/2022/11/economic-development-subcmte-recommends.html

2 - Town Council Agenda

Full agenda and docs released ->

https://www.franklinma.gov/sites/g/files/vyhlif6896/f/agendas/nov_30_town_council_agenda.pdf

Charts explaining the tax rate history can be found ->

https://www.franklinmatters.org/2022/11/good-news-tax-rate-is-going-down.html

the "Plus" Cmte gets into housing density proposal

Tuesday, November 29, 2022

Good news, the tax rate is going down; however, that doesn't mean our taxes are decreasing

The Town Council gets to formally approve the tax rate for Fiscal Year 2023 at the Council meeting on Wednesday, Nov 30, 2022. This annual event formally closes the cycle on the Fiscal Year calendar as it approves the tax rate for the budget approved in June and adjusted in October.

The tax rate hearing portion of the agenda doc can be found here ->

https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/6a._tax_hearing.pdf

The numbers in this doc allowed me to update (adding FY 2023 #s) to my spreadsheet to produce these charts.

As this chart shows, the tax rate does fluctuate from year to year. We have been as low as 8.86% in 2007, and as high as 14.84% in 2015.

the tax rate does fluctuate from year to year

The tax rate is going down from 14.05 to 12.58%. This is due to the increase in overall residential and commercial property valuations increasing. We have all seen what the housing market is doing. This chart shows the relationship between the total assessed valuations and the property tax rates. When the market drops in 1988 and 2008, the rates rise. As the market increases, as in the most recent 2 years, the rate declines.

the relationship between the total assessed valuations and the property tax rates

We do have a single tax rate and that is one question the Council will need to confirm. It is likely they will continue with a single rate. A dual rate doesn't raise any more money than the single, it only takes more from one party than the other. In this case, if we did have a split rate, taking a single dollar from the Residential rate would raise the Commercial/Industrial rate by $4 to raise the same revenue. What do you think might happen as businesses reacted to a $4 tax rate increase?

We do need to grow our overall revenue base and more commercial/industrial growth would be better than more residential growth. We have shifted slightly through the years, but generally in and around an 80-20 split. Follow the bar, or the line. The bar and the line add up to 100%.

commercial/industrial valuation split vs. residential

So bottom line, while we do need more commercial/industrial growth, whether the tax rate goes up or down (as it does this year), the one other constant in the mix is that the tax bills do increase. This last chart shows that relationship.

whether the tax rate goes up or down the tax bills do increase

A PDF version of the four charts can be found here

https://drive.google.com/file/d/1MgiCr2-wD5VE5nfSmOR9wn6e5F4jir0j/view?usp=share_link

Sunday, November 27, 2022

Franklin, MA: Town Council - Agenda for Nov 30, 2022 - 7 PM

FRANKLIN TOWN COUNCIL

Agenda & Meeting Packet

November 30, 2022 - 7:00 PM

1. ANNOUNCEMENTS FROM THE CHAIR

a. This meeting is being recorded by Franklin TV and shown on Comcast channel 11 and Verizon Channel 29. This meeting may be recorded by others.
b. Chair to identify members participating remotely.

2. CITIZEN COMMENTS

a. Citizens are welcome to express their views for up to three minutes on a matter that is not on the agenda. The Council will not engage in a dialogue or comment on a matter raised during Citizen Comments. The Town Council will give remarks appropriate consideration and may ask the Town Administrator to review the matter.

3. APPROVAL OF MINUTES - None Scheduled.

4. PROCLAMATIONS / RECOGNITIONS - None Scheduled.

5. APPOINTMENTS - None Scheduled.

6. HEARINGS - 7:00 pm