Worcester taxpayer group pushes lower residential tax rate
The tax rates for the previous year were
Despite the drop in the tax rate for homeowners, they would still see a significant increase to their tax bill because assessments for residential properties have gone up at a far greater pace than those for business properties.
According to the city assessor, a residential tax rate of
Meanwhile, there would be a
At the same time, the residential tax rate being recommended by AWARE would translate into a commercial-industrial-personal property tax rate of
With that, the median tax bill for business properties would go up by
The rates being recommended by AWARE are in sharp contrast to those that have been recommended by the
The chamber is asking the council to set the residential tax rate at
The tax rates being recommended by the chamber would translate to an increase of
The lowest possible residential tax rate that could be adopted is
It was supposed to do that this past Tuesday night, but Councilor-at-Large
She postponed the tax rate vote because of "several outstanding issues" including ones raised by AWARE and those having to deal with the city's
In a statement it released Friday, AWARE said it was hoping that City Manager
AWARE said if
But
The manager said it was not be fiscally prudent for the city to deviate from that plan, which has helped the city improve its bond rating.
That, in turn, will save the city millions of tax dollars when it comes to borrowing for larger capital projects down the road.
The manager has also had to recommend using
Contact
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