Business

Springfield mayor sees lower tax bills for most homeowners

SPRINGFIELD — Springfield Mayor Domenic Sarno says the property tax rate he is proposing would lower tax bills for about 86 percent of single-family homeowners in the next fiscal year.

Sarno on Friday recommended a residential tax rate of $19.71 per $1,000 valuation, and a rate of $38.91 for commercial and industrial properties. The proposal is expected to be considered by the city council on Monday.

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The mayor says preliminary data shows that under his plan, the average tax bill for a single-family homeowner would fall by $146 to $2,507, the lowest rate since 2009.

He says most business property owners would also see a lower bill and that the tax rate strikes a balance between helping homeowners and promoting a positive business climate for the largest city in western Massachusetts.

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