Medford officials question future of business in city due to high tax rates

Neil Zolot / Correspondant
Support local journalism by subscribing at https://cm.wickedlocal.com/subscriberguide, and subscribe to the Medford Transcript newsletter here.
Taxes for Medford businesses are on the rise.
The Medford City Council on Dec. 8 set the fiscal year 2021 tax rates, lowering residential property taxes, but shifting more of the burden onto commercial and industrial classes.
Medford's tax rates will be set at:
• Residential property — $9.41 per $1,000 of value
• Commercial, industrial property — $18.05 per $1,000 of value
An even split of the tax factor would have put both at $10.32 per $1,000.
Councilors said while they agree that shifting the rates from residential to business makes sense, it could also be detrimental in the future.    

Related Keywords

Neil Zolot , William Navarre , Adam Knight , Andrew Castagnetti , Ellen Brideau , Medford City Council On Dec , , Medford Transcript , Medford City Council , Michael Marks , Assessor Ellen Brideau , வில்லியம் நேவார் , பண்படாமனித இயல்பு நைட் , மெட்ஃபோர்ட் நகரம் சபை ஆன் டெக் , மெட்ஃபோர்ட் தமிழாக்கம் , மெட்ஃபோர்ட் நகரம் சபை , மைக்கேல் மதிப்பெண்கள் ,