Selectmen Set FY13 Residential and Commercial Tax Rates
Selectmen debated the balance between raising taxes on residents and businesses and came to a compromise.
The Burlington Board of Selectmen set the FY13 tax rates during last night's meeting. Burlington has a split tax rate, meaning the rates are different for residential properties and CIP (Commercial, Industrial, Personal Property) properties. In FY12, the residential tax rate was 11.55 (meaning residents pay $11.55 per $1,000 of residential value) and the CIP rate was 31.70. The rates were set to meet the town's FY12 budget of $85,141,212. The board had a few options, presented by Town Appraiser/Assistant Assessor James Doherty, Town Accountant Paul Sagarino, Jr and Burlington Treasurer/Collector Brian Curtin. In the end the selectmen voted 3-1 to go with Option A. There were only four selectmen voting because Chairman of the Board Ralph …
Gary B. Kasky
12:00 pm on Tuesday, November 20, 2012
Lets stop spending in Burlington so that real estate tax increases will not be needed for at least one year. Taxes go up every year and it has been many years since no real estate increase was necessary. Where does all the money go from the meal tax, which I understand brings in over one million a year! Gary B. Kasky TMM Precinct 6 more ›