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.
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.