NA Tax Plan Would See Heavier Burden on Businesses
Businesses will likely bear the brunt of this year’s increases in taxes in the city of North Adams.
The Berkshire Eagle reports that during a tax classification hearing tonight, the City Council will decide how it wants to raise $17.65 million in tax revenue, and how it will divide the tax burden between businesses and residents as the city looks to fund its 2019 budget.
The meeting will begin at 7:30pm in City Hall. Under the current proposed plan, homeowners would see their tax rates rise from $18.38 to $18.96 per $1,000 of assessed property value.
For businesses would likely see a tax rate greater than $40 per $1,000 of assessed property value for the first time in the city's history.