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Worcester Shrinks Tax...

Worcester Shrinks Tax Rate Gap

Full and original article posted on Worcester Business Journal

Setting the tax rates for fiscal year 2012 last night, the Worcester City Council lessened the divide between residential and commercial-industrial rates.

After hearing about 20 citizens and business owners who filled the council’s chambers to voice their concerns, the council, in a 6-5 vote, moved to accept a new tax rate of $16.98 per $1,000 of value for residential properties and $29.08 for commercial-industrial. According to assessors, it would raise the average homeowner’s tax bill by 1.7 percent, or $56 per year, and the average commercial property owner’s by 4.72 percent, or $755.

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