North Adams’ Commercial Tax Rate Likely To Break $40
North Adams Mayor Thomas Bernard has recommended that the City Council reverse last year's shift in the commercial tax rate in an effort keep the residential rate from rising higher.
IBerkshires.com reports that the council is voting on the tax classification for fiscal 2019 tomorrow. Should the council approve it, the commercial, industrial and personal property shift will go from 1.71 back to 1.73, where it had been for several years.
The rate was shifted more toward the residential side last year to prevent the commercial, industrial and personal property taxes from exceeding $40 per $1,000 valuation.
If approved, the rate would rise from $39.85 to $42.10 per $1,000 valuation.