The Selectmen unanimously voted to maintain a 15 percent shift tax levy towards commercial property for fiscal year 2014. The decision sets the residential rate at $19.95 and the commercial rate at $23.69. Compared to last year, these figures represent an increase of $1.70 per $1,000 of assessed value of a residential property and a jump of $2.02 for commercial.
A decade-old Massachusetts program that allows a property tax break for senior citizens may be introduced in the state’s third largest city. Springfield would join several smaller cities in the region that already offer the popular program.
The Senior Tax Work-Off Program allows homeowners over the age of 60 to perform tasks for a municipality in exchange for a one-time abatement of a portion of their property tax bill. It is offered in more than 100 cities and towns in Massachusetts including Westfield, Chicopee and Holyoke.
A new report shows Schenectady and Gloversville rank among cities with the highest property tax rates in New York. A study published this week by the fiscally conservative Empire Center for New York State Policy ranks the Mohawk Valley city of Gloversville the highest-taxed of 75 cities in the state, with an effective rate of $52.40 per $1,000 of a property's value.
The city of Springfield is seeking an exception to Proposition 2 ½ , the Massachusetts property tax cap law, when it comes to casinos.
An $800 million resort casino could mean tens of millions of dollars annually in additional property taxes for Springfield. But Mayor Domenic Sarno said the city will not get the full financial benefits from a casino development unless a change is made to Prop 2 ½.
For communities in the Berkshires it’s the time of year when local governments determine their tax rates, and many this year are seeing their taxes go up while property values go down. WAMC’s Berkshire Bureau Chief Lucas Willard reports…
North Adams Mayor Richard Alcombright said he’s predicting that residents of the small Berkshire city could see their taxes rise 3% this year – but he says his cities tight fiscal situation is not uncommon right now.
Property tax bills for a majority of homeowners and business owners in Springfield Massachusetts are expected to be lower in 2013. But the reason won’t make most homeowners happy. WAMC’s Pioneer Valley Bureau Chief Paul Tuthill reports.
The city of Springfield Massachusetts will reduce its municipal workforce and cut some city services under a budget recommended by the mayor. At the same time, the city council is being asked to raise almost $3 million in fees and taxes to avoid even deeper cuts. WAMC's Pioneer Valley Bureau Chief Paul Tuthill reports.
The next state budget in Massachusetts is likely to include the first increase in local aid in four years. But, it appears it won't be enough to avert layoffs and service cuts in the state's third largest city. WAMC's Pioneer Valley Bureau Chief Paul Tuthill reports.