Residential Property Tax Burden Increases for Sturbridge in 2009
As reported on the telegram.com, based on a recommendation from Town Administrator Jim Malloy, the Sturbridge Board of Selectmen voted 4 - 0 to increase the residential tax burden to 79% in fiscal year 2009 . According to the article, Jim Malloy stated:
The 79 percent tax shift translates to a 7.6 percent increase (or $269) for the average single-family home, a 6.7 percent decrease (or $854) for commercial property taxpayers, a 1.5 percent decrease (or $282) for industrial property taxpayers and a 17.4 percent increase (or $146) for personal property taxpayers.
This shift towards a higher burden for residential property taxpayers started 2 years ago when the Sturbridge BOS vited to increase the burden from 75% to 77% . This was the result of the Sturbridge BOS decision to return to a single tax rate over the next 3 years. The increase of the residential tax burden to 79% is in line with the single tax rate decision and for 2010 the tax burden will increase to 81.3%.
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tax reform September 9th, 2008 at 11:06 am
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Read my lips “NO NEW TAXES”
With forclosures at record highs
The feds bailing out the largest mortgage holders
The increases in gas prices not to mention oil prices
increase in food prices
Geeze the list goes on.
Not the right time to do this when they decided 5 years ago we were not where we are today
Need more businesses September 9th, 2008 at 7:00 pm
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Maybe we wouldn’t be in this position if Sturbridge didn’t lose so many businesses in the last few years…