Wednesday, December 5, 2012
The Board of Selectmen voted on residential and commercial property on Tuesday evening.
The Board of Selectmen voted unanimously in favor of setting the tax levy burden at a CIP of 1.73, putting the tax rates at $11.65 for residential property and $18.98 for commercial property for every thousand dollars. “Each year at about his time we look at the tax shift between single-family and commercial property,” Selectman Dick Benka said. “I don’t see any compelling reason to change where we are at right now at 1.73 percent.” “We don’t change our assesments by uniform factor and the market doest react that way either,” Town Assessor Gary McCabe said. “Our recent history has been to shift our tax levy about six and three-quarters percent from the residential class to the commercial class.” That shift is taking a six and three-…
Thursday, November 29, 2012
The Board of Selectmen will vote on the tax burden for 2013 as early as next week.
Gary McCabe, Chief Assessor for the Town of Brookline told the Board of Selectmen that the total assessed value of property in Brookline has risen from $15.26 billion from the last fiscal year to $15.5 billion for the fiscal year 2013. The taxe rate will also rise by four percent. The Selectmen now have to vote on what the impact of the tax burden is going to be on businesses and homeowners for 2013. McCabe presented a Powerpoint at the Selectmen Meeting on November 27, which laid out the town budget, as voted on at Town Meeting. Sixty-nine percent of the budget is made up of property taxes. “What it (the Selectmen’s decision) comes down to is what the tax rate will be, current vs. prior,” McCabe said. For the fiscal year 2012, the tax …
Wednesday, November 30, 2011
Chief Assessor walked the Board of Selectmen through the town's rising property values, and possible rises in property taxes.
Brookline's property value is heading up, and that could have an effect on your property taxes. The Board of Selectmen are still looking at the issue, and will not take a vote until the yearly hearing on tax classifications, slated for next week: Dec. 6. Chief Assessor Gary McCabe presented his findings for the fiscal year 2012 findings at the Board of Selectmen's meeting last night. According to McCabe's work, the town's value stands at over $15.26 billion, a 2.26 percent increase from last year. How that shift will translate to the various taxable categories in town has yet to be determined. McCabe presented the Board with a range of options for how to apply the shift in commercial, industrial and personal (CIP) property tax and …
Publius
3:10 pm on Thursday, November 29, 2012
Any thought given to, you know, trimming the budgetary fat, rather than automatically going for the tax hike? No, I didn't think so. more ›