Sturbridge opts for a single tax formula
September 09, 2009
STURBRIDGE — Nobody particularly looks forward to opening their mailbox and finding a bill for property taxes, but at least this year, everyone will be finding the same kind of bill.
The Board of Selectmen Tuesday, at the recommendation of the Board of Assessors, voted to adopt a single tax rate instead of the split rate the town had in the past, a move town officials say may make Sturbridge more attractive to perspective businesses.
"Last year we had a split tax rate, which means commercial properties were assed at $14.74, per $1,000 and residential properties at $12.66 per $1,000," explained Principal Assessor William B. Mitchell.
In the fiscal year 2010 — which began on July 1 and will end June 30, 2010 — "All properties will be charged at a single rate," Mitchell said.
Although the actual tax rate itself has not yet been finalized, Mitchell speculates it will be in the ballpark of $14.55 per $1,000 of assessed property value.
See Friday's Southrbidge Evening News for complete coverage of community news.