Southborough’s tax rate plan: BOS vote this Tuesday, a split rate proposal, a single rate defense, and a history review of BOS’ positions (Updated)

The BOS will hear from the public before voting on this year’s tax rates. Expect a pitch for a split-rate tax and opposition to the proposal. Read the full article → from Southborough’s tax rate plan: BOS vote this Tuesday, a split rate proposal, a single rate defense, and a history review of BOS’ positions (Updated)

Voters could face a Prop 2-1/2 override next year, selectmen call financial projections ‘troubling’

Expenses are going up and revenue is going down. That was the conclusion of a 5-year financial analysis recently completed by Town Accountant Brian Ballantine. It’s a scenario that could have voters facing a Proposition 2-1/2 override vote as soon as next year. Read the full article → from Voters could face a Prop 2-1/2 override next year, selectmen call financial projections ‘troubling’

The average property tax bill in Southborough will go up nearly $400 this year

The tax bill for the average Southborough family is going to go up by $392 this year, a 4.9% increase over last year. In approving the tax rate Tuesday night, the Board of Selectmen said the increase reflects the will of Town Meeting. Read the full article → from The average property tax bill in Southborough will go up nearly $400 this year

Selectmen reverse decision, increase residential tax rate

From behemoth EMC to the tiny mom-and-pop shops in town, members of Southborough’s business community turned out in force last night to protest last month’s decision to tax commercial property at a higher rate than residential property. In the end, Selectmen voted 2-1 to reverse their decision and return to a single tax rate. Read the full article → from Selectmen reverse decision, increase residential tax rate

Selectmen approve split tax rate — what it means for your property taxes

Southborough is going to try something a bit different with property taxes this year. For what I believe is the first time ever (someone correct me if I’m wrong), selectmen last night set two tax rates – one for residential properties and second higher rate for commercial properties. Read the full article → from Selectmen approve split tax rate — what it means for your property taxes

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