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.
Click here to read full article.