Selectmen this month voted against shifting more of the tax burden onto homeowners and off commercial and industrial property owners. The assessors had urged selectmen to reduce the commercial burden, but saying that times were tough for homeowners, selectmen opted to stay with the current split tax arrangement, setting the residential rate at $14.66 per $1,000 of valuation and the commercial and industrial rate at $20.59. Based on the latest valuations, the average tax bill will decline about $25 this fiscal year for homeowners. While officials didn’t have an exact figure for businesses, assessors told selectmen that commercial tax bills will increase substantially.
Selectmen keep tax rate split
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